8 Predictions for the EV Market in 2022
2021 saw automakers introduce groundbreaking electric vehicles and governments make bold commitments in support of the EV market. 2022 will be the test to see if these evolutions are the catalyst necessary to bring EVs mainstream. See what four experts predict will come to fruition in 2022 and check out which predictions caught our eye below.
Predictions we’re AMPED about:
Used EVs Will Make Electric Mobility More Accessible
The upfront costs of EV’s has made wide scale adoption difficult, but 2022 will bring more used EVs to the market and an increase in demand from consumers. This shift will introduce more EVs to middle to lower income consumers, offering all the benefits of new cars but at a lower price point.2021 Commitments Will Become 2022 Realities
2021 was the year of EV commitments. Congress passed the Infrastructure Bill with $7.5 billion allocated toward EV charging infrastructure and more locally, we saw Governor Hochul’s sign legislation committing to phasing out gas-powered vehicles [more about that here]. Now, in 2022 it’s about following through on these commitments. The buildout of charging stations across communities will need to be prioritized, which also requires collaboration with utility companies. Regionally, this is already happening. We cover an initiative by RG&E to financially support installation of EV charging stations. Get that story here.Electric Fleets Will Visibly Shift to be the Rule Rather Than the Exception
Finally, more businesses will have the incentive to adopt electric fleets because it will make economic sense. Even with upfront costs, the long term savings (40% lower maintenance costs and 50% lower fuel costs) can be quickly realized; a fact that many business leaders will find it harder and harder to ignore. More on fleet electrification in a previous blog post here.
