Electric Vehicle Market

According to Wedbush, how much is expected to be spent on commercial EVs between now and 2030?

• $1.2 trillion

• $6.5 billion

• $616 billion

• $400 billion

How much did consumers spend on electric cars worldwide in 2022?

• $6.5 billion

• $1.2 trillion

• $616 billion

• $400 billion

How many new EVs is the US expected to add to its roads in 2023?

• 1 million

• 10 million

• 100,000

• 100 million

What is the main issue that consumers face with EVs?

• High cost

• Lack of public charging infrastructure

• Limited range

• Long charging times

What percentage of US buyers were considering an EV in 2023?

• 86%

• 67%

• 40%

• 30%

Which luxury EV brand has seen weaker than expected demand in recent quarters?

• Tesla

• Ford

• Mercedes-Benz

• Lucid

What is one reason for the softening of EV sales?

• High interest rates

• Inflation

• Disrupted supply chains

• All of the above

What is the average transaction price for an EV in the US?

• $48,000

• $53,000

• $60,000

• $90,000

What is one challenge with EVs compared to ICE vehicles?

• Limited warranty

• Higher maintenance costs

• Less certainty in technology improvements

• Higher fuel costs

What is one reason for the rise in EV inventory?

• Tesla's aggressive pricing

• Lack of consumer demand

• Government regulations

• Disrupted supply chains