Electric vehicle outlook sinks after U.S. withdraws policy support

BloombergNEF cut its global EV sales forecast for the second year, projecting 35.6 million passenger EVs sold by 2030, down 3.4 million from last year. U.S. EVs are now expected to account for 17% of sales in 2030, down from 27% in last year's forecast. The Trump administration eliminated the $7,500 federal tax credit and weakened fuel-efficiency standards.