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Will Electric Vehicles Reach 50% Market Share In US By 2030? New Data Says Yes

Benzinga ·  Jul 15 17:34

Market share continues to increase in the United States for electric vehicles.

With some states aiming to eliminate internal combustion engines and transition to all-electric vehicles, a report examines how close the United States is to achieving 50% adoption.

What Happened:As states like California look to phase out gas-powered automobiles in favor of electric vehicles, a new report from Recurrent Auto shows that the entire United States is on pace of hitting a critical 50% milestone by 2030.

The new report sees U.S. market share hitting 15% by the end of 2025, as reported by Teslarati. The 15% threshold could represent the...

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