Volvo's CEO Thinks The U.S. Market Is 'Perfect' For EVs. He Has A Point
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Volvo's CEO Thinks The U.S. Market Is 'Perfect' For EVs. He Has A Point
"I would say the U.S. is a perfect market for electric cars, because a lot of people live in the suburbs and you have your three-car garages, the Swedish CEO said during a briefing with reporters during a debut event for the Volvo EX60. I mean, it's ideal to charge at home. So I don't understand exactly why [Americans are] so negative."
"He's got a point: The vast majority of Americans live in single-family homes, while 46% of European Union citizens live in apartments and 19% live in shared buildings. It's far easier to charge an EV at a single residence, where you are likely to have a dedicated parking spot and power access. Apartment-dwellers who park at the curb aren't so lucky, which is why Europe is pushing so hard to electrify public parking spots."
Many Americans live in single-family homes with dedicated parking and garages, making home charging convenient and practical for electric vehicles. A large share of Europeans live in apartments or shared buildings, which complicates access to home charging and increases reliance on public infrastructure. European countries have generally funded public fast-charging more consistently and adopted stricter emissions standards, aiming for a mostly carbon-free fleet by 2035. U.S. regulators have rolled back standards and removed incentives that once encouraged EV adoption, while U.S. automakers are shifting resources back toward gasoline vehicles. These differing policy and housing conditions shape regional EV adoption prospects.
Read at insideevs.com
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