U.S. EV Adoption Slows While Global Demand Accelerates | EN590 Commodities
EN590 Commodities GroupCrude Oil June 16, 2026
U.S. EV Adoption Slows While Global Demand Accelerates Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook,slashingits 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles. Back in 2024, the year before President Trump won a second term in office, BloombergNEF expected EVs to have a 48% share of total U.S. passenger car sales in 2030. With the scrapping of the incentives for electric vehicle purchases, analysts, including those at BloombergNEF, have drastically reduced their EV sales projections for the United States. While the U.S. EV momentum is certainly slowing, the rest of the world has just had a massive geopolitical i
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