Excerpt from Barron’s quoting DataTrek co-founder Nick Colas:
…. “Will Americans buy millions of electric vehicles in the coming few years?
That is the big question for the auto industry. Datatrek Research founder, and former auto analyst, Nicholas Colas tackled it in a Wednesday research note, and he isn’t so sure lofty EV goals will be met. The market doesn’t agree.
“I recently chatted with a longtime friend who works in the auto industry for a well known global brand,” wrote Colas on Wednesday. The pair discussed EV sales around the globe. “We agreed that Europeans would likely [buy EVs], and Chinese consumers will not have a choice. The American market is, however, different”….
Read the full article here on Barron’s!