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July 1, 2024

Inflation Reduction Act

BloombergNEF
BNEF: ICE Phaseout by 2035 Critical to Reach Net Zero by 2050
About 20% of all vehicles sold worldwide this year will have a plug ― either battery electric or plug-in hybrid ― with sales predicted to rise to one-third by 2027.
Shutterstock
Will Final Rules on EV Tax Credits Help or Hurt US Market Growth?
According to Kelley Blue Book, the slow-down in EV sales could be a sign that "EVs are almost mainstream cars in parts of the country. Segment growth typically slows as volume increases."

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