EV wave still on horizon, but smaller than prior tsunami

Bank of America analysts predict a slower electric vehicle wave than previously anticipated in their latest note covering the sector. While EVs and hybrids will still account for roughly 60% of new car offerings by 2028, the bank notes that this is down from 64% last year.

Bank of America cites a resurgence in internal combustion engine vehicles, with offerings projected to nearly match EVs over the next four years. Hybrids are also gaining traction , appealing to consumers seeking efficiency without a full EV commitment. This trend is influencing automakers like GM, which is now prioritizing hybrids alongside EVs.

EV penetration is also expected to be slower, reaching 25% by 2027, a one-year delay from the bank's prior forecast. Their analysis projects US EV sales of 1.8 million in 2024, rising to 4.5 million by 2028. This translates to an EV penetration of 11% in 2024 and 25% in 2027 .) will maintain its EV lead, bolstered by new Model 3/Y derivatives and an entry-level model.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Prior Compares Dodgers' Tyler Glasnow to Chicago Cubs LegendIn forging a comparison to Los Angeles Dodgers pitcher Tyler Glasnow, pitching coach Mark Prior referenced a former teammate with the Chicago Cubs.
Source: SInow - 🏆 273. / 63 Read more »

Will Ospreay Opens Up About Phone Call With AJ Styles Prior to AEW SigningStyles gave Ospreay advice during his career crossroads in 2023.
Source: ComicBook - 🏆 65. / 68 Read more »

With no prior football knowledge, China's Max Yao earned a spot on SMU's rosterFrom China, Max Yao moved to Dallas to study at SMU. His classmates suggested he try out for the football team. With zero experience, he made the roster.
Source: wfaa - 🏆 543. / 51 Read more »

'Too late': Trump backs challenger to Freedom Caucus chair despite receiving prior endorsementTrump announced his support for Bob Good's primary opponent on Tuesday, despite the Freedom Caucus chairman endorsing him and supporting him in court.
Source: FoxNews - 🏆 9. / 87 Read more »

Detroit Lions defensive free agent targets prior to 2024 NFL training campDetroit Lions could target several positions on defense ahead of training camp.
Source: SInow - 🏆 273. / 63 Read more »

Harvey Weinstein to appear before judge prior to retrialHarvey Weinstein is expected to return to a New York court Wednesday as he faces a retrial of his landmark MeToo-era rape case in a matter of months.
Source: KSLcom - 🏆 549. / 51 Read more »