Juice Americas Futurist Predicts Electric Vehicle Trends for 2023 | MOTOR

Posted on February 1, 2023

EV supply chain issues in the U.S. will level out, making a more bullish EV market with expanding model options that make EVs more practical

St. Petersburg, Fla.After a difficult year dealing with electric vehicle (EV) availability and supply chain shortfalls, the U.S. EV market will rebound in 2023 and beyond, predicts Lars Thomsen, speaking on behalf of Juice Americas Inc. Consumers will have more model options to choose from and efficiencies in batteries and charging will continue to expand making EV adoption more attractive.

Thomsen, who is considered one of the most influential experts on the future of energy, mobility and smart networks, sees a number of factors driving EV adoption.

The Inflation Reduction Act and high gas prices, along with a lot of new compelling products across the board, have created a new momentum for the EV adoption in the U.S., he said. In many segments, EVs are the better choice for vehicles, not just for ecological, but also for economical and performance considerations. EV charging infrastructure is expanding as well in the U.S. but needs to catch up with the speed of rising demand.

Five key trends Thomsen says will influence EV adoption in 2023 and beyond are:

Increased global competition and innovation and price options will drive the EV market growth over the next decade. However, aligning supply and demand continues to be a challenge. Right now, demand for EVs exceeds most production capacity of many manufacturers and adds to their need for critical parts over the next two years, Thomsen said.

In parallel, he addeds, charging infrastructure will have to keep pace with EVs. The demand in all three areas of charging infrastructure (highway, destination, and home) is rising exponentially. Suddenly, money is to be made by building up public charging infrastructure, because there are customers that use and pay for it. This changes the game: We believe there will be a race for the most lucrative and best solutions that will turn a profit.

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Juice Americas Futurist Predicts Electric Vehicle Trends for 2023 | MOTOR