Everyone Is Revising Their Electric Vehicle Forecasts Upward—Except Automakers

By [email protected] Oil producers and research organizations around the world are revising their electric-vehicle forecasts upward as improving battery costs challenge previous assumptions about growth.

A new study from Bloomberg New Energy Finance shows just how dramatically estimates are changing. The most radical swing comes from OPEC, an organization made up of leading oil producing nations, which boosted its forecast of electric-vehicle sales by 500 percent compared to last year.

OPEC isn’t the only industry group revising its assumptions about growth. BNEF researchers cataloged a number of radical changes in projections.

The International Energy Agency has more than doubled its estimate about global electric-vehicle

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