Auto Executives Losing Confidence in 2030 EV Adoption

Dec. 22, 2022

Concerns stem from everything starting with rising costs, inflation and interest rates.

Dec. 22, 2022—A recent survey that polled 900 auto industry executives found that confidence in EV adoption was lower than one year ago.  

As reported by Jalopnik, confidence continues to wane significantly as executives think that just 10 to 40% of new vehicles sold by 2030 will be EVs. That’s down from 2021 where they believed 20 to 70% would be sold during the same timeframe. 

They all agreed, however, that Tesla would be the market leader by 2030, and some even stated that Apple could be a leader as well. 

Auto executives polled said supply chain and economic issues were the biggest determining factor to their lowered confidence as well as inflation and high-interest rates.

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