Despite supply-chain turbulence and pandemic setbacks, the automotive industry remains on the road to an electric future.
Bolstered by rising consumer appeal and regulatory efforts to incentivize adoption and reduce manufacturing costs, that future could come sooner than we expect: BloombergNEF now predicts that more than half (52%) of new passenger vehicles on our roads will be electric by 2030, an increase from previous forecasts of roughly one-third of vehicles.
While auto makers focus on optimizing the driving experience for electric vehicle (EV) owners, there remain substantial engineering differences between traditional internal combustion engine (ICE) platforms and EVs.
The weight and design of EVs creates a significant shift in how their tires are expected to perform, and a new challenge for tire dealers as they adjust to this growing market segment.
Here are four factors dealers should keep in mind as we transition to an electric future.