The electric car revolution in the US has just begun, does VinFast face a great opportunity?
Although demand is showing signs of slowing down, experts predict that the electric car revolution in the US is only in the beginning stages, according to CleanTechnica.
Electric vehicle sales grow in 2024
Car and Driver magazine had an optimistic prediction about the electric vehicle revolution in 2024. They said electric vehicle sales in 2023 were at a record high, both in quantity and in proportion to the total automobile market. new bowl.
EVadoption estimates that more than 1.2 million pure electric vehicles and an additional 190,000 plug-in hybrid vehicles will be sold in the US by 2023, for a total of 1.36 million vehicles. This represents 8.8% of the total 15.5 million new cars, the highest electric vehicle sales rate ever in the United States.
It is expected that 2024 will set a record for electric vehicle sales. Bloomberg’s Colin McKerracher predicts electric vehicle sales in the United States this year will reach about 1.9 million vehicles, equivalent to 13% of total new car sales.
The US market has seen a decline in electric vehicle sales in the second half of 2023, but most of it is because interest rates last year rose to historic highs, causing large corporations to postpone investment plans. due to high borrowing costs. Another factor is that the electric vehicle charging system in the US is not good.
Optimistic signal
One of the reasons for optimism is that there are several new electric vehicle models coming out this year. SUV models with three rows of seats are currently an attractive factor in the auto market.
Vietnamese electric vehicle manufacturer VinFast will also enter this segment in the near future with the 7-seat SUV VF 9. Along with that, the company recently introduced the VF Wild electric pickup concept and the VF 3 mini car at CES 2024. , attracting media attention.
Meanwhile, some American car manufacturers have struggled to launch electric vehicles, with problems causing production disruptions.
According to CleanTechnica, the electric vehicle revolution has only been going on for about 12 years. While there are still challenges such as high prices, inadequate infrastructure and limited options, these issues are being resolved. Projections show there will be more electric vehicles sold in the US this year than last year, and even more the year after that.
This will be an opportunity for all companies that have entered the market, including long-standing companies or startup brands like VinFast. What is important is whether these companies can ramp up production and maintain competition in such a fierce market.
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