So many forecasts about electric vehicles are being rewritten every year. Ernst & Young came out with their latest revision in June that pegged the 50% market share in Europe by 2031, and China by 2032. The US would lag by 2036.
https://www.ey.com/en_au/news/2021/0...ed-ey-analysis
Then Biden today announces a goal of 50% in the US by 2030.
I ask this: if you're an automobile manufacturer, and you're seeing combustion engine bans in major cities by 2030, Europe seeing policy goals for banning combustion engine sales that keep getting revised sooner and sooner, and now the US is making policy goals to end the sale of combustion engines, why would you invest any capital in manufacturing more of them? It takes enormous capital costs to change your manufacturing footprint and of you're left behind you're toast.
I think the US will beat 50% before 2030