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CEO of a autos retailer on reasons behind electric vehicle hesitancy

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A space for electric vehicle charging in London, U.K.

Keith Mayhew/SOPA Images | LightRocket | Getty Images

The CEO of major automotive retailer Pendragon has acknowledged the challenges facing the electric vehicle sector but believes that adoption rates will increase going forward.

Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Bill Berman said powertrains needed to change and described himself as “a big fan of electric vehicles.”

“I’m also a big fan of hydrogen — I think it has a role to play and I think it’ll start coming on a little bit stronger in the years to come,” he said. “People’s hesitancy … around electric is multifaceted,” he added.

“First off, it’s unknown — no one’s…



Source cnbc.com

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