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Hyperdrive

Trump Is Turning the US Into an Electric Vehicle Laggard

BloombergNEF lowers its outlook for global EV sales, with US policy changes looming as the biggest factor.

US President Donald Trump exiting a Tesla Model S on the South Lawn of the White House in March.

Photographer: Samuel Corum/Sipa

Takeaways by Bloomberg AI

President Donald Trump’s efforts to unravel policies supporting electric vehicles threatens to turn the US into a laggard for years to come, according to a new report.

BloombergNEF reduced both its near- and long-term EV outlook for the first time, cutting 14 million battery-powered cars from its sales projections through 2030 due to the US rollback. The researcher now sees the country trailing not only China and Europe, but also the global average adoption rate until 2040.