America is buzzing more than buying into Electric Vehicle future
Even with a dramatic growth trajectory in the long underperforming electrified vehicle segment, and a slew of new electric and hybrid variants – the Nissan Leaf, Chevy Bolt, Tesla 3, Hyundai Ioniq, Cadillac CT6 Plug-in – America is still buzzing more than buying into the Electric Vehicle future.
But in China, the biggest car market in the world, electric vehicles are being moved to the head of the line with the government announcing plans to halt the production and sales of gasoline and diesel cars entirely.
With 30 percent of the world vehicle market China joins India, Netherlands, Norway, France, Great Britain and Germany, in a growing government chorus calling for a ban on the production and sale of new gas and diesel powered vehicles by between 2025 and 2030.
The United States, the second largest global car market, will be slow to adopt this type of action, which in many countries has emerged as more of a vague political talking point than actual policy.
With the current anti-regulatory sentiment in domestic policymaking, a government mandate that attacks our nearly sacrosanct internal combustion engine cultural heritage is a long shot in America.