The Situation: Gasoline prices taking a dive has meant electric vehicle and hybrid sales have softened.
What does it mean?
Green Auto Market spoke with an expert on the subject Eric Lyman, VP, industry insights at ALG to gain insight on key market indicators to follow.
Beyond the early adopters and new-technology first-in-line buyers, ALG finds the interest is there for EVs and hybrids, but car shoppers today are not that willing to pay for it.
For residual values, Tesla has been the only solid EV performer so far. Theyve done an amazing job of building the brand with early adopters, achieving a cult status, Lyman said.
Maintenance is a strong selling point for EVs compared to internal combustion engine vehicles.
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ALGs Eric Lyman on What to Expect in Green Car Sales and Residual Values appeared first on Automotive Digest.