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.