EV market faces challenges with slowing growth, production cutbacks, and cultural clashes. However, BloombergNEF predicts 45% of global vehicle sales to be EVs by 2030, rising to 73% by 2040, aiming for significant emission reductions.
McKinsey survey reveals surprising data: 29% of EV owners plan to switch back to gasoline/diesel cars, challenging the assumed loyalty to EVs. Gov. Newsom's 2020 decree mandates California to sell only zero-emission vehicles by 2035, influencing nationwide EV trends.
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