J.D. Power is projecting that the pace of electric vehicle retail share growth will level off in 2025 at about 9.1 percent of the total market (about 1.2 million units). The E-Vision Intelligence Report: 2025 expects that with the new administration in the White House, the longer-term forecast will reach 26 percent retail share for EVs in 2030. Roughly half of the target set by the Biden administration.
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