Report: Vehicle costs and charging constraints continue to be hurdles for EV adoption

Electric vehicles make up a small but growing share of U.S. auto sales, yet challenges remain to their adoption, says a recent report from the Federal Reserve Bank in Dallas.

Among the hurdles for buyers is cost, the Federal Reserve notes, adding that EVs are still relatively pricey despite becoming more cost effective. Current charging network and EV range limits are also a concern, the bank notes.

Yet consumers can expect a wider range of EV options in the future as automakers expand their electric vehicle lineups, according to the Federal Reserve bank.

Read the report.