The outlook for electric vehicle demand has been cut for the second year in a row after the US government pulled back policies supporting EV adoption, according to BloombergNEF.
EVs are now expected to account for 17% of US passenger vehicle sales in 2030, according to BloombergNEF’s latest outlook for battery-powered vehicles. That’s down from an estimated 27% in last year’s forecast and far below 2024’s projection of 48%.
Softer US demand will weigh on global adoption, with sales of electric passenger vehicles reaching 35.6 million by 2030, BloombergNEF said, about 3.4 million fewer than last ...
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