By Lauren Fix
Despite initial interest and adoption, the U.S. Electric Vehicle market still faces significant challenges that could hinder its growth. On today’s episode of Inside Automotive from CBT News, we’re joined by Lauren Fix, the Founder of Car Coach Reports, to share insights into what she’s seeing in the EV market today.
Despite initial interest and adoption, the U.S. EV market still faces significant challenges that could hinder its growth. On today’s episode of Inside Automotive, we’re joined by Lauren Fix, the Founder of Car Coach Reports, to share insights into what she’s seeing in the EV market today.
Key Takeaways
1. Fix highlights the significant challenges posed by the high cost of electric vehicles, including their insurance and maintenance expenses. Many consumers find the overall cost of owning an EV prohibitive, which contributes to their reluctance to switch from traditional vehicles.
2. The availability and convenience of public charging stations are major concerns for EV owners, especially those without home charging setups. Fix points out that many Americans lack the infrastructure to charge at home, making public charging a less reliable option.
3. There is growing concern about the influx of inexpensive EVs from China potentially disrupting the U.S. market. Fix explains that this could have significant implications for American manufacturers and dealers, potentially impacting local economies and job markets.
4. The push for EV adoption driven by government mandates creates friction with consumers who are not fully on board. Fix notes that while EVs are available and desirable to some, a significant portion of consumers are resistant due to factors like cost and practicality.
5. Looking ahead, Fix predicts that EVs will not dominate the market but will coexist with internal combustion engine (ICE) vehicles. She suggests that hybrid models and advancements in vehicle technology could offer a more balanced approach, catering to diverse consumer needs.
Lauren Fix, The Car Coach®, is a nationally recognized automotive expert, analyst, author, and television host. A trusted car expert, Lauren provides an insider’s perspective on a wide range of automotive topics and aspects, energy, industry, consumer news, and safety issues.
Lauren is the CEO of Automotive Aspects and the Editor-in-Chief of Car Coach Reports, a global automotive news outlet. She is an automotive contributor to national and local television news shows, including Fox News, Fox Business, CNN International, The Weather Channel, Inside Edition, Local Now News, Community Digital News, and more. Lauren also co-hosts a regular show on ABC.com with Paul Brian called “His Turn – Her Turn” and hosts regular radio segments on USA Radio – DayBreak.
Lauren is honored to be inducted into the Women’s Transportation Hall of Fame and a Board Member of the Buffalo Motorcar Museum and Juror / President for the North American Car, Utility & Truck of the Year Awards.
Check her out on Twitter and Instagram @LaurenFix.
