$7,500 tax credit exemption to be cancelled at the end of the month, the popularization of electric vehicles in the United States is expected to further slow down.

The Economic Daily App has learned that the slow pace of electric car popularity in the United States will further slow down after the expiration of the $7,500 vehicle tax credit at the end of this month. According to a new forecast by Ernst & Young, by 2039, electric cars will account for half of US car sales, which is five years later than previously predicted. Ernst & Young stated in a research report released on Monday that the growth of electric car sales in the United States this decade has almost stagnated, with its market share reaching only 11% by 2029, compared to 8.1% last year.