BloombergNEF Lowers 2030 U.S. EV Sales Forecast to 17 Percent After End of Federal Incentives
The research firm lowered its projection from 27 percent last year after federal incentives ended. Global EV sales are still expected to reach 23 million units in 2026.
rte.ieU.S. passenger vehicle sales in 2030, down from a 27 percent forecast issued last year and a 48 percent projection made in 2024. The Trump Administration ended incentives for electric vehicle purchases after President Trump won a second term in office.
BloombergNEF attributed the successive downward revisions directly to the removal of those incentives. The International Energy Agency stated that global electric vehicle sales could reach nearly 30 percent of all car sales worldwide in 2026. The agency’s Global EV Outlook 2026 report projects 23 million EV units sold this year.
Five years earlier, electric vehicles accounted for 9 percent of global car sales. BloombergNEF forecasts that share will rise to 27 percent in 2026 and reach 52 percent of all passenger vehicles by 2035. In Europe, EV sales jumped nearly 30 percent year-on-year in the first quarter of 2026.
In the Asia Pacific region excluding China, sales surged 80 percent over the same period. In Latin America, sales rose 75 percent compared with the first quarter of 2025. com reported that the closure of the Strait of Hormuz and subsequent fuel price spikes prompted more drivers to consider electric vehicles outside the United States.
