Is the EV Transition Stuck in Neutral?

In 2024, BloombergNEF predicted electric vehicles would make up nearly half of U.S. new car sales by 2030. Now, they’ve revised their projection down to less than 30%, just one year later.  In a time when we need to be speeding up the energy transition, EV sales in the U.S. are stagnating. Sales of Teslas, once the king of electric vehicles, are collapsing. What’s behind the slowing demand? And with China’s growing electric car industry growing, how much should we worry?  Guests: Camila Domonoske, Correspondent, NPR Business Desk  Dan Bowerson, Vice President, Energy and Environment Policy, Alliance for Automotive Innovation Matthew LaBrot, Former Tesla sales employee Mike Murphy, CEO, EV Politics Project For transcripts, related links, and more information about this episode visit https://www.climateone.org/audio/ev-transition-stuck-neutral *** Support Climate One by going ad-free! By subscribing to Climate One on Patreon, you’ll receive exclusive access to all future episodes free of ads, opportunities to connect with fellow Climate One listeners, and access to the Climate One Discord. Sign up today. Ad sales by Multitude. Contact them for ad inquiries at multitude.productions/ads Learn more about your ad choices. Visit megaphone.fm/adchoices