The U.S. had a robust policy in place to promote the adoption of electric cars, and it used all the tools conservatives say they like — carrots such as financial incentives instead of sticks such as mandates. But now, according to the IEA (International Energy Agency), USA is moving backwards while the rest of the world continues to move forward.
In its EV Global Outlook 2025 report, the IEA says that 20% of new cars sold worldwide in 2024 were electric, a definition that includes plug-in hybrids as well as battery-electric cars.
Prior to President Trump’s election, it was predicting US EV sales would be nearly half of all new car sales by 2030.The IEA now expects battery-electric and plug-in hybrid vehicles to account for just 20% or so of US sales in 2030
Source: Clean Technica: Read The Article
PSR Analysis: The irony is that most of that money was scheduled under the IRA was to flow to Republican states, but now the jobs and tax revenues those funds would have made possible, are in danger of being lost. By the end of the current administration in the USA, they will be many years behind the rest of the world and may not be able to catch up. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
