Ernst & Young, one of the venerable Big Four accounting firms, now predict that EV sales in the US, China and Europe will surpass those of fossil-powered vehicles five years sooner than previously expected. The global auto industry is rapidly recovering from the pandemic-induced sales slowdown. The EY Mobility Consumer Index, published in November, showed that almost a third of non-car owners planned to buy a car in the next 6 months. Among all prospective buyers, 30% said they’d prefer an electrified vehicle.
Rural areas have a lower EV adoption rate than other communities. Rural businesses are finding ways to gain access to the infrastructure and electricity they need for EV charging.