Utility share reaches new excessive, regardless of growing gasoline
The rise of the utility sector isn’t any shock. The development began
almost a decade in the past and ramped up as gasoline costs plummeted from 2014
to 2016 (Fig. 1). At the same time as gasoline costs started to extend, utility
share continued to climb as a result of introduction of smaller and
extra fuel-efficient utility nameplates.
Learn our full US Automotive Advisory Insights from S&P
International Mobility. Our Could 2022 report on the US Market focuses on
the growing gasoline costs and the way shoppers are shifting to utility
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