Bruce Bendell Blog

EV Industry

Competition in the Electric Vehicle Market

he electric vehicle market is getting more crowded by the day, with traditional carmakers joining the established EV players. This competition is good for consumers, as well as society at large, as it drives down prices and brings more choice, development, and environmental benefits.

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Electric Vehicle Affordability

While EV sales are currently strong, bringing down the upfront and operating costs of electric vehicles is a major focus for manufacturers. This will be key to reaching a range of buyers beyond early adopters and achieving wider adoption among consumers.

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Electric Vehicle Battery Technology

Battery technology is crucial for electric vehicles and plays a pivotal role in the widespread adoption of EVs. The focus here is on making batteries cheaper, lighter and with a longer range. There’s also a lot of research going into faster charging times.

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Electric Vehicle Charging Infrastructure

Even though EV sales are climbing, so-called “range anxiety” is still a concern for many drivers. This is where charging infrastructure comes in. There’s a big push to install more charging stations, and we’re seeing new players entering the market besides traditional gas station companies.

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