The EV Race in the USA

• 124 million households in the USA
• Median household income is $74,500
• Average price of an EV is $53,600 after factoring in state and federal incentives
• Average price of an gasoline vehicle is $33,800
• 23 million millionaires
• 735 billionaires
• 100 million households that are not millionaires

THINK ABOUT THIS FOR A MINUTE OR TWO...

IF your family's combined annual income is $75,000, are you more inclined to spend $34,000 or $54,000 for a vehicle?

Logic would dictate $34,000

However, logic is not always applicable to Americans

Millionaires and Billionaires might buy 2 electric vehicles per family but probably not more than that.  So, how many do you think the rest of us will buy?

What we need to take into consideration?

• Married Households
• Married Households with children
• Households who buy or rent homes
• Cost of Utilities
• Cost of Healthcare
• Cost of Food
• Car and Household insurance
• Cost of home maintenance
• Cost of entertainment and recreation

What about Hybrids?

• Cost more than gas vehicles
• Maintenance costs are higher
• Resale values is lower
• $10,000 cost of battery replacement 3-5 years
• Miles per gallon drop on the road versus in town

There are basically FOUR factors that keep me from investing in an electric vehicle...

1. cost of vehicle
2. cost of maintenance
3. time to recharge
4. number or changing stations available

I would think that more of the 100 million households are thinking like me as opposing to thinking they should buy a hybrid or an EV unless they are absolutely FORCED TO BUY ONE...