A recent study from J.D Power affirms EV sales are definitely up. But interest in, and adoption of, the technology are both slower than expected.
In short, J.D. Power insists that there are a number of factors at play here that have caused EV adoption growth to slow. However, because growth has slowed so much, the firm has adjusted its EV adoption forecast downward. Initially, it predicted that 12% of the U.S. new car market would be made up of EVs by 2025. Now, it says that EV sales will only make up 9% instead. Still, 2030 EV sales are predicted to make up 36% of all sales and reach 58% by 2035.
