• Gustavo Bernal Torres

Tipping Point: U.S. Crosses Mass-Adoption Threshold for EVs of 5% of New Car Sales

A quarter of new vehicle sales in U.S. could be electric by the end of 2025, according to Bloomberg analysis.

  • For the past six months, the U.S. joined Europe and China — collectively the three largest car markets — in moving beyond the 5 per cent tipping point. If the U.S. follows the trend established by 18 countries that came before it, a quarter of new car sales could be electric by the end of 2025. That would be a year or two ahead of most major forecasts.

  • Applying the tipping point analysis to the entire globe, the share of fully electric vehicles worldwide passed the 5 per cent threshold for the first time last year. Including plug-in hybrids, the 10 per cent tipping point will be passed sometime this year. If the trends holds true, accelerating demand can be expected.

Source: https://financialpost.com/commodities/energy/electric-vehicles/us-crosses-the-electric-car-tipping-point-for-mass-adoption


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