EVs Are Gaining Traction But Cost Remains Barrier | Business and Finance News

EVs are finally gaining mainstream trust, with 17% of global respondents now planning to buy one—down from range anxiety worries that once dominated. But price remains the new barrier, especially in the U.S., where EVs still cost more than gas cars and fading tax credits make affordability tougher. Many buyers are now eyeing smaller, under-$40K models, forcing automakers to adapt. And for current EV owners? 70% say they’ll stick with electric when it’s time to upgrade. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/062e68fde9340309