The Business of Electric Vehicles

Part 2. Read Part 1 (Geopolitics of EVs). Part 3 coming in November.

In Q2 2019, Americans purchased 4,430,000 passenger cars.

2.1% of those (92,599) were electric vehicles — up from 0.9% in 2016.

Electric Vehicle (EV) sales threaten $4.3 trillion in annual revenue ($3T from gas automakers, $1.3T from gasoline):

Analysis