Here’s How to Turn EV Manufacturing Investments into EV Sales
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As the auto industry chomps at the bit for more EV market share with increased resources for battery-based vehicle manufacturing, and the federal government moves forward with investments in EV infrastructure, the question for electric vehicle mass adoption turns to the consumer; how much do US auto owners really want an electric vehicle?
Regardless of how popular electric vehicles are in the U.S., the Biden administration believes that with the proper manufacturing and infrastructure investments, the country can reach its goal of making 50% of all auto sales electric vehicles by 2030. Several automakers seem to believe, though, that the path to success offered by the Biden administration isn’t enough to reach the 2030 goal, demanding heavier investments and subsidies for electric vehicle manufacturing.
Will more EV manufacturing automatically correlate to more EV sales? Vitaly M. Golomb, Partner at Drake Star Partners, joined us on MarketScale to give his thoughts on where federal do.
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