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Bank of America lowers EV penetration estimate to 14% by 2028 

Hybrid penetration at 20% by 2028 

Amanda Harris

Bank of America has lowered its EV sales penetration projections amid regulatory changes and an uptick in hybrid penetration.  The bank projects EV penetration of car sales to land at about 8% in 2025, 10% in 2026, 12% in 2027 and 14% in 2028, John Murphy, senior automotive analyst for Bank of America Securities, said […]

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