Abby Smith of The Washington Examiner reports that gas-powered vehicle sales have peaked, according to a new study.
- BloombergNEF, in its latest Electric Vehicle Outlook, has estimated that gas-powered vehicle sales have peaked and electric vehicle sales will continue to spike.
- In 2020 EV sales had a breakout year, despite the auto industry’s decline due to the pandemic.
- The shift from gas-powered to electric vehicles is being driven primarily by market forces, as more consumers are looking to buy EVs.
Read the full article here.