Vehicle Service Contracts Present Opportunities For EV Cos.

By Matthew R. Wagner (September 10, 2021, 4:26 PM EDT) -- The electric vehicle market is growing faster than ever. In a recent Pew Research Center survey, 7% of U.S. adults currently drive an electric or hybrid vehicle, and 39% indicated that they were very or somewhat likely to seriously consider buying an EV the next time they are in the market for a new car.[1]

According to the International Energy Agency, nearly 1.8 million EVs were registered in the U.S. as of 2020, more than three times as many as in 2016.[2] But the U.S. represents only about 17% of the world's total stock of 10.2 million EVs, according to IEA...

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