The Future Of Electric Vehicles In The U.S. To 2050

New modeling using the Energy Policy Simulator forecasts electric vehicle sales will make up 65 percent of new light-duty vehicle sales by 2050, and could reach up to 75 percent by 2050 in the event of high oil prices or strong technology cost declines. The modeling includes expected market share expansion and penetration levels, the effects of internal factors like battery prices, external factors like oil prices and government policy support, and related national electricity demand.