Electric Vehicle Sales Forecasts: A New Reality Emerges

The chart below reveals a new reality: Electric vehicle (EV) sales forecasts remain unchanged across the U.S., Europe, and China.

This is particularly surprising for China, but it also shows that common speculations in the U.S. and Europe — such as “oil lobby pressure” or “fear of Chinese dominance” — may not fully explain the current market trends.

So, what could be the reasons behind this slowdown?

a) Has the electric vehicle craze come to an end?

b) Is the oil lobby behind it?

c) Are fears of a Chinese car invasion influencing the market?

d) Is infrastructure development lagging?

e) Is rapid technological progress causing hesitation?

f) Do EVs lose value too quickly in the used market?

g) Or is the chart simply wrong?

Whatever the reason, the data paints a clear picture: the growth of electric vehicle sales is no longer accelerating as it once did.