Combustion Engine Vehicles Still Very Important In The Global Market Says BMW CEO | Carscoops carscoops
. That can create a hurdle if not stop the search in its tracks altogether. Cost is another major factor.
Right now, there are very few inexpensive all-electric vehicles on the market. Buyers who can’t afford a vehicle that’s $30,000 or more would be without an option if new cars were all that they could consider. On the other hand, combustion cars are easy to find at less than $20,000. With these factors in mind, combustion cars seem to have a place in the market for at least the next few years.
At the same time, some of these issues can be solved during that same timeline. For instance, Chevrolet has committed to helping EV buyers get chargers installed at their homes and plans to be , while Ford plans for half of its vehicle sales to be electric by 2030 and has made big investments in charging infrastructure.
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