With significant growth in recent years, the electric vehicle market is preparing to achieve important numbers in 2025. According to forecasts from the Cox Automotive report, the automotive sector is recovering and is expected to have its best performance since 2019.
Jonathan Smoke, chief economist at Cox Automotive, is optimistic about the future of the sector. With 2024 ending on a high note, the company believes that 2025 will be a promising year, with several reasons to celebrate.
The 2024 Path To EV Adoption report revealed that consumers and dealerships in the United States are increasingly embracing electric vehicles.
The survey covered a representative sample of 2,557 U.S. buyers and 526 dealerships, showing growing acceptance across different demographic groups.
In 2024, electric vehicle sales in the U.S. surpassed the one million unit mark for the first time, according to Kelley Blue Book.
Furthermore, the intention to buy used electric vehicles has increased significantly, rising from 62% to 77%, reflecting interest not only in new models.
For the automotive sector, the outlook for 2025 is very promising. With an expectation that electric vehicles will represent 10% of the total market, a significant increase from the 7.5% recorded in 2024, we can anticipate a significant shift in the urban mobility landscape.
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