man driving a car wearing wrist watch

More than half of US car sales are projected to be EV by 2030

  • Biden’s climate spending is set to kickstart the market for EVs. The US will surpass the global average in 2026 instead of 2028.
  • In 2021, electric vehicles accounted for less than 5% of sales in the US, below the global rate of nearly 9% and well below the adoption rate in countries like China, where plug-ins currently account for roughly 24% of new car sales.