Insight: Near-Term EV Retreat Doesn't Change Longer-Term EV Trajectory

OEMs reconsider ICE options amid policy shifts, but long-term BEV growth stays strong. Explore xEV forecasts and product updates through 2032.

Policy changes and near-term cooling consumer sentiment on EVs are making some OEMs reconsider their short-term product plans, including the reintroduction of more ICE powertrain options. However, this short-term shift does not significantly change the longer-term forecast for battery electric vehicles (BEVs) and electrified powertrains in general. This Insight examines recent product announcements and reviews xEV forecasts through 2032.