Bank of America analysts see 2022 as a "major year of commercialization" for the electric vehicle market amid a slew of new vehicle launches and many more on the horizon.Over 85 new models are slated to launch in model years 2022-2025 , they said in a note that says a "tsunami" of new cars are coming.
It includes models from startups and legacy automakers alike, such as Rivian's SUV, the Hyundai Ioniq 5, Ford's electric F-150 and many more.They estimate that electric vehicles' U.S. market share will grow from about 6% of new sales this year to 16% in 2024."This analysis still points to cost/price parity in the mid/late 2020s, which is a limiting factor for EV demand over the next few years," it states.
And overall, it would take a major, sustained surge to meet the Biden administration's target of EVs growing to 50% of U.S. passenger vehicle sales by 2030."Tesla’s dominance in this still nascent market segment may be coming to an end," they predict.
'...the average new car price in the U.S. in December rose to $47,077.' - Car and Driver
Please don’t start filling up 1000s of useless car dealerships with vehicles just filling up their lots! Dealerships with monopolistic ownership of several models.
I don’t want a single one.