Overview

• EV sales growth has slowed recently, particularly in the U.S. and Europe, but is expected to rebound in the long term.
• BloombergNEF forecasts global EV sales to exceed 30 million by 2027 and 73 million by 2040.
• Battery technology improvements, especially in lithium-iron-phosphate, are lowering costs and increasing market share.
• Significant investments are needed in charging infrastructure to support the growing number of EVs.
• Regulatory and political challenges, including upcoming elections and market jitters, are impacting consumer confidence and automaker strategies.