The Competition Heats Up as VinFast Intensifies Push into US Electric Vehicle Market
Frost & Sullivan
SEPTEMBER 5, 2023
And while it is debatable whether President Biden’s ambitious target of EVs comprising half of all new vehicle sales in the US by 2030 will be achieved, there is every indication that they will account for at least a third of total new US passenger vehicle sales by that time. So to answer the second question: yes, competition is increasing.
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