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Prices To Rise, Electric Vehicles To Struggle, BofA Auto Analyst Says

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Automakers face uncertainty from tariffs and less-than-anticipated demand for electric vehicles, an auto analyst said.
According to a Bank of America auto analyst, as reported by Forbes on June 4, 2025, new vehicle prices are expected to increase due to ongoing supply chain issues and rising production costs. The analyst predicts that electric vehicles (EVs) will face particular challenges in the market, struggling to maintain sales momentum amidst these price hikes. The report suggests that while demand for EVs remains strong, the higher costs could deter potential buyers, leading to a slower adoption rate than previously anticipated. Additionally, the analyst notes that traditional internal combustion engine vehicles might see a slight uptick in demand as consumers look for more affordable options.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/billkoenig/2025/06/04/prices-to-rise-electric-vehicles-to-struggle-bofa-auto-analyst-says/ ]