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Stock impact report

EV Owners Uninformed of Faster Tire Wear, Leading to Lower Satisfaction, J.D. Power Finds [Yahoo! Finance]

The Goodyear Tire & Rubber Company (GT) 
Last the goodyear tire & rubber company earnings: 4/30 07:15 am Check Earnings Report
US:NYSE Investor Relations: goodyear.com
Company Research Source: Yahoo! Finance
TROY, Mich., March 25, 2024 BUSINESS WIRE )--The satisfaction gap with original equipment tires between electric vehicles (EVs) and gas-powered vehicles is widening, as EV owners say their tires are wearing faster, according to the J.D. Power 2024 U.S. Original Equipment Tire Customer Satisfaction Study ? , released today. The study shows that EV owners have similar expectations of tire wear as do owners of gas-powered vehicles, despite EV tires naturally wearing faster due to greater vehicle weight and higher torque. "The widening satisfaction gap between EVs and gas-powered vehicles highlights an opportunity for tire manufacturers and automakers to educate EV owners on the differences in performance," said Ashley Edgar, senior director of benchmarking and alternative mobility at J.D. Power. "Additionally, because of the inherit conflict of maximizing vehicle range and optimizing tire wear for EVs, tire manufacturers and automakers need to work together to overcome the challenge w Show less Read more
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