The US could be running on gasoline forever, leaving electric vehicles to China and Europe
Electric vehicles' sales growth worldwide has badly lagged predictions from 2010. In 2019, EV sales made up only about 2% of global sales. The failure of EVs to sell in the US reminds me of diesel-vehicle sales, which have also been meager. Europe runs on diesel, but Volkswagen's Dieselgate scandal could make EVs a bigger part of the market there. If EVs are going to fulfill expectations, China is a logical place to look for growth, as its market could rise to 40 million in annual sales in the coming decades. But the US could continue to run mostly on gas. That might sound disappointing, but I'd rather see the next 10 million vehicles sold in China be electric rather than fixating on the poor showing of EVs in the US. Read more stories from Business Insider's Driving the Future series. Tesla's Elon Musk, right, at a groundbreaking for a factory in China. Aly Song/Reuters In the decade I've been covering the auto industry, I've never seen a bigger...