Question: You have been asked by your boss to develop a forecast for electric cars in the USA for the next three years. You will need

You have been asked by your boss to develop a forecast for electric cars in the USA for the next three years. You will need to conduct some secondary research for this assignment. You have been asked to answer the following questions to come up with your forecast: (1) How many new cars are sold in the USA annually? (2) What percentage of new cars are electric in the USA? (3) What is the average price of an electric car in the USA? (4) Assuming a growth rate of 15% annually over the next three years, estimate the number of new electric cars that will be sold each year (2022 - 2024). (5) Assuming that prices for new electric cars is forecast to decrease by 5% in 2022, by another 5% in 2023, and remain the same in 2024, estimate the dollar sales for each year for new electric cars. Write up a one-page report of your forecast, outlining your assumptions and calculations

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