USA market: on average: does not have big price discrepancy between gasoline and electricity like in China or Europe. So less “gas savings”. Certainly, there are some locations or if a person drives 20k miles a year, then there is more of this gas savings. Then you add increase cost of insurance, cost of registration, cost of tires: sometimes EV are more expensive than hybrids, especially for those that don’t qualify for the $7500 credit. There are a lot of people that don’t qualify for this. Why would they buy a Niro EV over a corolla cross hybrid? Until someone can make an EV that can do what something like a corolla cross hybrid can do for the same cost, EV will have some difficult time to grow.
USA market: on average: does not have big price discrepancy between gasoline and electricity like in China or Europe. So less “gas savings”. Certainly, there are some locations or if a person drives 20k miles a year, then there is more of this gas savings. Then you add increase cost of insurance, cost of registration, cost of tires: sometimes EV are more expensive than hybrids, especially for those that don’t qualify for the $7500 credit. There are a lot of people that don’t qualify for this. Why would they buy a Niro EV over a corolla cross hybrid? Until someone can make an EV that can do what something like a corolla cross hybrid can do for the same cost, EV will have some difficult time to grow.