TECH - EV 'Stampede' Coming To America With Over 70 Models In Next 2 Years Says Cox Automotive: '2024 Will Be The Year Of More' | Benzinga
Cox Automotive anticipates a surge of over 70 electric vehicles entering the American EV market within the next two years, setting the stage for an impending EV “stampede.”
What Happened: In the current year, Cox projects the introduction of 37 EV models from various automakers, including heavyweights such as Mercedes Benz Group (OTC:MBGAF), Tesla Inc. (NASDAQ:TSLA), Polestar Automotive (NASDAQ:PSNY), Fisker Inc. (NYSE:FSR), Volkswagen AG (OTC:VWAGY), and Toyota Motor (NYSE:TM). The year 2024 is envisioned as a pivotal one for the EV market, with an even more substantial influx of new electric vehicles.
Similarly, in 2025, the EV market is expected to witness the addition of new vehicles, albeit at a slightly slower rate compared to 2024, with around 34 new EV models, according to the insights ...