EV Growth Expectations for Trump Years Are Already Being Slashed

Slowing electric-vehicle adoption is likely to accelerate even further as President-Elect Donald Trump delivers on his promise to gut plug-in friendly policies he called the “green new scam.”

Automotive forecaster GlobalData on Wednesday cut its outlook for EV market share in the US for 2030 to 28% from 33% due to Trump’s election.

“The transition to electric vehicles in the US will be hindered under Trump’s administration,” Jeff Schuster, GlobalData’s vice president of automotive research, said in a note. Trump’s focus on lowering oil prices and weakening tailpipe emissions standards could reduce electric-vehicle market share by 15% ...