Electric Vehicle Market Status – Update

This report update, produced in collaboration with the Environmental Defense Fund, summarizes the current status, and projected growth, of the U.S. electric vehicle (EV) industry over the next five to ten years.  Key topics addressed include drivers of U.S. and global EV growth, auto manufacturer investments in EV development, announced new EV model introductions, projected EV sales, projected battery pack costs, and projected date of EV “price parity” with internal combustion engine (ICE) vehicles. Transportation is currently the United States’ largest source of greenhouse gas emissions, and transportation-sector electrification is widely recognized as one of the best strategies for significantly reducing these emissions. The data summarized in this report support the conclusion that the automotive industry has embraced the vision of electrified mobility and that the EV market is on the cusp of a period of significant growth. The first version of the report, released in May 2019, can be found here.