Back to today’s briefing

Story perspectives

EV Sales Plummet as Incentives Fade in North America

5/19/2025

35 8

Summary

Story summary

Electric vehicle sales in the U.S. and Canada are facing a downturn as government incentives dwindle and charging infrastructure lags. The International Energy Agency predicts that by 2030, only 20% of U.S. sales will be EVs, starkly contrasting with China's ambitious 80%. In Canada, worries about range and costs, compounded by tariffs, dampen consumer enthusiasm.

1 of 1

Story summary

Electric vehicle sales in the U.S. and Canada are facing a downturn as government incentives dwindle and charging infrastructure lags. The International Energy Agency predicts that by 2030, only 20% of U.S. sales will be EVs, starkly contrasting with China's ambitious 80%. In Canada, worries about range and costs, compounded by tariffs, dampen consumer enthusiasm.