OEM Confidence in EV Adoption Falls

According to a new survey, rising interest rates and inflation have automotive industry executives concerned about the rate of electric vehicle adoption, CNBC reported.

The survey of over 900 executives, conducted by KPMG, found that estimates of new vehicles sold being EVs by 2030 ranged from 10% to 40% in this year’s survey, down from 20% to 70% a year earlier, CNBC said.

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A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at

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