According to a report by BloombergNEF, President Trump's efforts to dismantle electric vehicle (EV) policies pose a significant risk of the U.S. falling behind in EV adoption for years. The report has cut the U.S. EV sales outlook by 14 million cars through 2030, predicting that the country will lag behind China, Europe, and the global average until at least 2040. While global EV sales are increasing, U.S. policy changes, including subsidy eliminations and relaxed fuel economy standards, threaten to erode market momentum, particularly affecting California, which plays a crucial role in the national EV landscape.
Trump's rollback on electric vehicle policies could hinder US EV growth, putting the country behind in global electric vehicle adoption rates until 2040.
BloombergNEF's report warns that the US could lag in EV adoption due to Trump's moves against subsidies and California's emission standards.
With California's challenge to Trump's policies still pending, the future of EV sales in the US hangs in the balance, potentially impacting growth across the nation.
BNEF's revised projections highlight the stark contrast between US and global EV adoption, with the US losing ground despite overall growth in the sector.
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