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America's EV Outlook Just Got Bleaker. China Isn't Slowing Down.

  • 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.

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