Electric vehicle affordability has increased globally in 2025, with one in four cars sold worldwide being electric, according to the International Energy Agency. However, the U.S. market saw a decline in EV sales and affordability due to policy shifts, including the elimination of tax credits and the removal of mandates. While other regions doubled down on incentives, the U.S. faced challenges from the lack of affordable Chinese EV options and a consumer preference for larger vehicles. AI
IMPACT Global EV adoption is diverging, with policy shifts in the US hindering affordability while other regions see growth.
RANK_REASON The cluster is based on a report from the International Energy Agency detailing global EV market trends. [lever_c_demoted from research: ic=1 ai=0.1]
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