U.S. EV Adoption Slows While Global Demand Accelerates

Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook, slashing its 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles.

Back in 2024, the year before President Trump won a second term in office, BloombergNEF expected EVs to have a 48% share of total U.S. passenger car sales in 2030.

With the scrapping of the incentives for electric vehicle purchases, analysts, including those at…