Changes To Tax Credits Could Mean 52% of Car Sales Will Be Electric By 2030, Study Says

10 Oct 2022 | Abstracted from Market Watch

"Prior to passage of the [IRA] in August, projections for EV sales by 2030 came in at 43% of the US market...With the climate-spending measure in place, that estimate was revised upwards to 52%...less than 5% of new cars sold in the U.S. were electric. But studies have shown that EV adoption snowballs."

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