Sales of internal combustion vehicles are already in decline, having peaked in 2017. That’s good news for electric vehicle (EV) companies, but it will take more than the slow death of internal combustion vehicles to help juice North American EV sales.
On that front, California recently put the pedal to the metal. In August, the California Air Resources Board (CARB) passed a measure banning the sale of new cars and light trucks that run solely on gasoline by 2035.
California has taken its foot off the gas and has juiced the adoption of EVs. As the largest auto market in the U.S., it’s not a stretch to say the rest of the country will follow California’s lead.
California Takes the Lead With EV Adoption
This post appeared first on Profit Confidential.