EV market is currently becoming more valuable than ever as various automakers try to become zero-emission! But, experts claim it is killing sedans.
The EV market is currently rising as more and more automakers are developing advanced models that would suit the needs of their customers. These include Tesla, which focuses on its autonomous technology so that drivers can rest even when their cars are running on the roads.
Although Elon Musk’s manufacturers and other EV creators definitely offer beneficial car techs, some critics claimed that there are still some negative effects that could surface as the giant electric vehicle market increases its value.
The Toyota Avalon, Mazda 6, and Volkswagen Passat will soon join the fast-growing list of sedans sent to automotive exile. Americans’ unyielding appetite for sport utility vehicles and trucks is certainly one reason. But, critics and other tech experts added that the United States is also showing great interest when it comes to EV.
Joe Wiesenfelder, executive editor at Cars.com said that “sports cars and sedans were already on the edge of the cliff. He added that EV models could also be responsible for giving them the final shove. Ford, Lincoln, and Chrysler abandoned the sedan segment long ago. More automakers will likely follow.
Sedans and Sports Cars Would Decrease
Wiesenfelder said that when automakers put their attention elsewhere, something is going to lose and it’s usually the products that were already endangered. The car expert added that once various manufacturers tend to focus more on EV technologies, there’s a high chance that some of their automobile models would be left out in the darkness.
Stephanie Brinley, an analyst at IHS Markit, explained that EV models are currently the reason why companies cancel their sedan productions. She added that “sedans and sports cars will continue to fall away for a bit longer. It’s sad to me that these types are both being squeezed by the need to invest in EVs and electrification.”
Sales of SUVs and crossovers accounted for 51% of the U.S. market in 2020, up from 30.2% in 2010, according to Brinley. Sedan sales are in reverse: 22.6% in 2020 versus 46.2% in 2010. Brinley added that despite the rising EV market, sedans could still survive even at lower volumes.
Aside from the advanced innovations that various automakers release, critics also claimed the cheap prices offered by various companies are also preventing the sales of sedans. Many consumers believe that electric cars are only for rich individuals. However, they don’t know that various car creators, especially Chinese ones, are currently offering their models at cheaper prices compared to traditional sedans and hybrid models.
But, all these details are still estimations. Just like other experts stated, sedans could still maintain its existence by offering better deals, as well as more advanced features. They can even transfer from using gas to relying on battery cells.