Dealers and OEMs have a lot of work ahead of them to provide detailed information about EV ownership in a way that is meaningful to consumers. The most important variable for the industry to shed light on is the true cost of EV ownership.
The Inflation Reduction Act of 2022 introduced a host of incentives and programs that will affect the demand dynamics for electric vehicles (EVs). The new law is not only rearranging who the front-runners are in the EV standings, but may also bring new demographic segments of the population into the market.
To discuss the Act’s strategic, operational, financial and technological implications for the EV industry, we caught up with Elizabeth Krear, Vice President, Electric Vehicle, J.D. Power.
Here is an excerpt of what she had to say.
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