U.S. electric vehicle sales tapping brakes in 2024 after record-breaking year
- Overall drastic increases in cost of financing for consumers has slowed electric vehicle (EV) sales growth in the last two quarters of 2023.
- Sustainable industrial demand from this source of occupier is susceptible to consumer adoption, which has slowed drastically due to rising financing costs, something to closely monitor in 2024.
- Additional EV manufacturing lines represent $106 billion, all of which is driving newfound industrial space demand.