Electric Vehicles on Sale by 2024

The coronavirus pandemic may have slowed car production and sales, but automakers continue to push ahead with their electric vehicles on sale (EV) lineups. By 2024, there will be dozens of pure EV cars and SUVs on the market, along with many plug-in hybrid models that can run on either fully electric or gas power for a longer time than a typical traditional vehicle. As battery costs decline and critical battery materials become less expensive, EVs are becoming more affordable for consumers to purchase.

Cox Automotive predicts EVs will make up 9% of passenger vehicles sold in the United States this year. This is a significant increase from the 7.6% of last year and well above the 5.9% in 2022.

Seize the Savings: Electric Vehicles on Sale

While the EV marketplace is growing, some potential buyers still have reservations about owning one. Some of the most common issues include high loan rates, pricier prices than similar gasoline-powered vehicles, and an incomplete network of sometimes glitchy chargers that can leave drivers with “range anxiety” about running out of juice.

However, the EV landscape is evolving, and some manufacturers are working to address these concerns. For example, BMW offers the i5, which is a more affordable version of its popular 5-series sedan. It’s available in both a range-optimized iDrive40 model and a performance-minded M60 xDrive40, the latter of which is powered by a 510-horsepower dual-motor powertrain. Both models are built in the United States. In addition, Tesla’s flagship Model Y is assembled entirely in the United States and boasts a maximum of 60 percent North American parts content.

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