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.
