Longterm success of the Biden administration’s push to accelerate the transition to electric vehicles could hinge on the outcome of the 2024 presidential election and consumer confidence in EV infrastructure.
EV sales soared to record highs last year, but growth slowed in 2024 as sales of less-efficient plug-in hybrids rose, with consumers fretting about lackluster EV charging access and driving range. Automakers will need EV sales to rise to meet President Joe Biden’s stringent emissions rules, which require as much as 56% of new vehicles sold between 2030 and 2032 to be EVs.
Republican lawmakers and industry groups that oppose ...