Source: Business Today [Malaysia]
“The global outlook for electric vehicle demand has been cut for a second year in a row, with policy shifts in the United States driving a significant downgrade to long-term expectations, according to BloombergNEF. The latest forecast points to a slower pace of electrification across major automotive markets, even as overall adoption continues to rise. … EV sales are now expected to account for just 17% of [US] passenger vehicle sales by 2030, down sharply from 27% in last year’s forecast and far below earlier expectations of 48%. The revision reflects a cumulative loss of around 14 million EV sales through 2030 compared with previous projections, highlighting how quickly policy changes are reshaping the market outlook. Several policy adjustments are behind the slowdown. The $7,500 federal tax credit for EV buyers has expired, fuel economy standards have been eased, and efforts to limit California’s ability to set its own emissions rules are adding further uncertainty.” (06/16/26)