background image

EV transition cools as demand slows and automakers trim production

author image

By illuminem briefings

· 2 min read


Illuminem summarizes for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:

🗞️ Driving the news: The Biden administration's efforts to promote electric vehicle (EV) adoption in the United States are encountering hurdles 
Despite a significant rise in EV sales, the growth rate is not meeting expectations, primarily due to consumer concerns about high costs, limited battery range, and a lack of charging infrastructure

🔭 The context: U.S. sales of fully electric cars surged by over 50% in 2023 compared to 2022, but this increase is lower than what automakers forecasted 
This has led to a reassessment of production plans and investment strategies in the EV sector

🌍 Why it matters for the planet: Electric vehicles play a vital role in reducing transportation emissions 
The slower pace of EV adoption could hinder the United States' progress in meeting its climate goals and shifting towards a more sustainable transportation future

⏭️ What's next: The trajectory of EV adoption may align with the White House’s target of 50% zero-emissions new vehicle sales by 2030 if improvements in charging infrastructure and enhanced consumer awareness about the advantages of EVs are realized

💬 One quote: "The narrative has taken over that EVs aren’t growing. They’re growing, it’s just growing at a slower pace than the industry and quite frankly, we, expected," (John Lawler, Ford CFO)

📈 One stat: There were 869,000 fully electric vehicles sold in the U.S. in the first 10 months of 2023, marking a 56% increase from the same period in 2022

Click for more news covering the latest on sustainable mobility

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)