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Auto Execs Expect More Than Half of Sales to Be EVs by 2030

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Dec. 1, 2021—A new survey shows that auto executives think President Joe Biden's 2030 EV sales goal is not only achievable but is highly likely to be reached.

According to consulting firm KPMG, the survey of "more than 1,100 global automotive executives" found that, on average, an executive expects around 52 percent of all of their new car sales to be EVs by 2030.

A report from CNBC says the poll "may be surprising to many investors and industry onlookers," citing the United States' lagging EV adoption rates and automakers such as Ford and GM only committing to a goal of EV sales accounting for 40 to 50 percent of sales being EVs within the next decade.

“There seems to be more general optimism toward EVs than even 12 months ago. This is probably due to the billions of dollars of freshly committed capital and the bevy of new vehicles coming into the market.  That said, our survey shows a very wide range of opinions on 2030 market share,” said Gary Silberg, KPMG global head of automotive.

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