Bloomberg’s 2024 EV Outlook

Bloomberg came out with their Electric Vehicle Outlook (EVO) this week, and it’s worth the read. As their previous reporting indicated, and as we’ve written about, long-term EV growth seems to be a solid bet despite mixed near-term forecasts.

The graph below shows a steady climb of EV sales as a share of new passenger vehicles around the world, including here in the US.

However, not included in the report and one thing we’re watching — how will political polarization of EVs impact these forecasts? It’s hard to incorporate the baseless and strange lies about EVs that are coming from people like Marjorie Taylor Greene. Like just this past weekend, when she claimed that people will pay more for gas when they own an electric vehicle. This one was shocking, even by her“wet streets cause rain” standards.

Yet, we at EV Politics Project think that though it’s laughable, it’s impactful. For example, just yesterday she proposed an amendment withholding funding from the electric car industry. This signals an increasing willingness from those on the right to use EVs as a political punching bags. As a favor to MGT — the actual math is about $2000 a year in fuel SAVINGS for the average family that drives an EV instead of an ICE vehicle.

In order for us to reach Bloomberg’s EVO projections, we need to fight back against the narrative that EVs are a threat. That’s what we’re working on here. We hope you join us!