Part 5/7:
JD Power anticipates that by 2030 EV sales will reach only 26% of the retail vehicle market, a stark contrast to the 50% figure forecasted by the International Energy Agency and Recurrent. The latter organizations argue that increased availability of mass-market options and improving EV technology will lead to a more rapid shift towards electric vehicles.
However, even if U.S. sales hit the 50% mark, it would still position the country significantly behind China, which is expected to achieve nearly 100% electrification by 2030. Meanwhile, states such as New York, California, and Texas are predicted to see higher EV adoption rates, bucking national trends alongside their established infrastructure and consumer interest.