The year 2022 slated to bring steady EV growth, but barriers to buyers linger

Lingering supply-chain issues, consumer wariness about EV pricing, batteries and charging, and uncertainty about additional federal support pose potential roadblocks to hitting ambitious targets from the Biden administration and automakers themselves. — Reuters

The new year is expected to bring steady growth in the electric-vehicle segment, still just a sliver of US sales, amid a federal push to accelerate the transition to zero-emissions vehicles.

Bullish EV forecasts follow a year that brought pivotal developments in the race to electrify America's vehicle fleet. They have included announcements of tens of billions of dollars in new investments in products and manufacturing capacity, high-profile EV reveals, the launches of new models to challenge market leader Tesla Inc and the promise of federal investments in charging infrastructure.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Cisco says hackers subverted its security devices to spy on governments
Disappointing Meta forecast pulls down tech peers in extended trade
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
Meta shares sink on higher AI spending, light revenue forecast
TSMC says 'A16' chipmaking tech to arrive in 2026, setting up showdown with Intel
TikTok artists and advertisers to stay with app until 'door slams shut'
TikTok to suspend TikTok Lite's reward programme amid EU concerns
ASML approves Christophe Fouquet as CEO at annual meeting
AT&T beats estimates for subscriber additions, free cash flow

Others Also Read