The International Energy Agency predicts that the U.S. will fall behind in electric vehicle (EV) sales growth, with a projected increase from 10% to 20% in plug-in car sales by 2030.
U.S. EV policies have shifted under the Republican administration, leading to the elimination of subsidies impacting EV markets and relaxation of regulations encouraging cleaner fleets.
China is expected to dominate in EV sales, with the IEA estimating that 80% of the country's car sales will be EVs and plug-in hybrids by 2030, driven by affordability and supportive policies.
The U.S. risks losing competitiveness in the EV sector, as Europe is projected to surpass American EV sales, highlighting the potential impact on jobs and market share.