EV adoption faces new headwind: Tire wear

04/09/2024 00:26
EV adoption faces new headwind: Tire wear

The adoption of electric vehicles (EVs) is being affected by an unexpected issue: accelerated tire wear. J.D. Power Director of Automotive Supplier Benchmarking and Alternative Mobility Ashley Edgar joins Yahoo Finance Wealth! to discuss the implications of this problem. According to Edgar, EV owners' tires are wearing out "twice as fast" as those on gas-powered vehicles. The study she referenced looked at "original satisfaction," meaning the tires when the EV was first purchased, compared to the condition of the tires one to two years later, which showcased that rapid tire wear is emerging as a new challenge for EV adoption. Edgar emphasizes the importance of "self-advocating" at the dealership to ensure that customers are fully aware of the additional costs and potential issues that come with owning an EV. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

The adoption of electric vehicles (EVs) is being affected by an unexpected issue: accelerated tire wear. J.D. Power Director of Automotive Supplier Benchmarking and Alternative Mobility Ashley Edgar joins Yahoo Finance Wealth! to discuss the implications of this problem.

According to Edgar, EV owners' tires are wearing out "twice as fast" as those on gas-powered vehicles. The study she referenced looked at "original satisfaction," meaning the tires when the EV was first purchased, compared to the condition of the tires one to two years later, which showcased that rapid tire wear is emerging as a new challenge for EV adoption.

Edgar emphasizes the importance of "self-advocating" at the dealership to ensure that customers are fully aware of the additional costs and potential issues that come with owning an EV.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

Editor's note: This article was written by Angel Smith

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