IRA impacts expected to drive up EV sales more than double previous forecast

Impacts from the US Inflation Reduction Act have boosted the outlook for electric vehicle sales in the country by 2030 to more than double the pre-IRA forecast, in turn driving up forecast electric load from the intensified electrification of vehicles. Plug-in light duty EV load is expected to jump nearly 375% by 2030, according to S&P Global Commodity Insight’s latest…Impacts from the US Inflation Reduction Act have boosted the outlook for electric vehicle sales in the country by 2030 to more than double the pre-IRA forecast, in turn driving up forecast electric load from the intensified electrification of vehicles. Plug-in light duty EV load is expected to jump nearly 375% by 2030, according to S&P Global Commodity Insight’s latest…  Read More