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Analysts expect drivers to switch sooner or later. But pump prices alone won’t drive them to.
Sales of gas-powered SUVs also set a record.
Electric vehicles have been known more for eco-consciousness and finesse than ruggedness and power.
The bill devotes $7.5 billion to Biden’s goal — having half a million charging stations nationwide within a decade.
Investors believe EVs are closing in on the internal combustion engine in terms of driving range and cost of ownership.
A lack of charging station infrastructure is making drivers and investors think twice.