You’d never guess it based on the nonstop barrage of slick TV ads and media hype, but Americans aren’t big fans of electric vehicles. In fact, a new Gallup poll shows that just four percent currently own an EV and four in 10 have no interest in buying one.
There are many legitimate reasons why this is the case. But U.S. consumers may have far less choice in the matter in the not-so-distant future.
Proposed U.S. Environmental Protection Agency rules would effectively mandate by 2032 that two out of every three new passenger vehicles sold in the United States are electric. And a handful of states will ban sales of new conventional vehicles starting in 2035. [Read more...]