US Hits 'Critical Electric Vehicle Tipping Point' – A 'Society-Altering Shift' Comes Next, Analysts Say

In a new report from Bloomberg, the U.S. appears to be at an important point in electric vehicle sales, which could determine the future of cars in America.

According to the report, 5 percent of new cars sales are electric.

“The U.S. is the latest country to pass what’s become a critical EV tipping point: 5 percent of new car sales powered only by electricity. This threshold signals the start of mass EV adoption, the period when technological preferences rapidly flip, according to the analysis,” Bloomberg reported.

Other countries have already passed this milestone and have seen a growth in the EV market.

If the U.S. continues following the trend set by Europe and China, the two other largest car markets, then EVs might start taking up as much as 25 percent of new car sales in the coming years.

“If the U.S. follows the trend established by 18 countries that came before it, a quarter of new car sales could be electric by the end of 2025. That would be a year or two ahead of most major forecasts,” the report outlined.

Bloomberg has called this a possible “society-altering shift.”

According to the trends of the other major car markets that have begun adopting EVs more and more, once that 5 percent threshold is crossed, then more people begin to follow the trend.

There are, however, still obstacles in the way of the overall adoption of electric cars.