Analysts adapt: EV forecasting requires creativity amid lacking historical data
EV sales grew 89% to 487,460 units at yearend 2021
Auto finance analysts have redeveloped their forecasting models to keep up with the ever-changing world of electric vehicles (EVs) as new technologies and manufacturers enter the segment. As EVs command more retail market share, lenders, too, will need to rethink how they forecast EV residual values in their underwriting models, which is no easy task […]
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