Story perspectives

EV Sales Growth Faces Challenges, Yet Surges to 26% by 2030

2/16/2025

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Summary

Story summary

J.D. Power predicts U.S. electric vehicle (EV) sales could plateau at 9.1% in 2025 due to high costs and inadequate charging infrastructure.
The Trump administration may impede EV growth by cutting funding for charging networks and eliminating tax credits.
Despite obstacles, EV market share is expected to rise to 26% by 2030, fueled by affordable models and more public charging stations.
California continues to be a significant market, although Tesla experienced a sales decline last year amid political issues.

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Story summary

J.D. Power predicts U.S. electric vehicle (EV) sales could plateau at 9.1% in 2025 due to high costs and inadequate charging infrastructure.
The Trump administration may impede EV growth by cutting funding for charging networks and eliminating tax credits.
Despite obstacles, EV market share is expected to rise to 26% by 2030, fueled by affordable models and more public charging stations.
California continues to be a significant market, although Tesla experienced a sales decline last year amid political issues.