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Bank of America predicts national EV penetration at 25% by 2027 

EV penetration could be 29% by 2030

Amanda HarrisbyAmanda Harris
June 18, 2024
in Risk Management
Reading Time: 4 mins read
0

Bank of America estimates that EV sales penetration will slowly build over the next three years as affordability challenges, residual value risks and higher ownership costs plague wider adoption.   Bank of America projects EV penetration of 11% in 2024, 15% in 2025, 20% in 2026 and 25% in 2027, John Murphy, senior automotive analyst for […]

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