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Bank of America lowers EV penetration estimate to 14% by 2028

Hybrid penetration at 20% by 2028

byAmanda Harris

June 5, 2025

in Sales & Marketing

Reading Time: 3 mins read

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Toyota Motor vehicles on display at the company's showroom in Toyota City. Photographer: Akio Kon/Bloomberg

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Bank of America lowers EV penetration estimate to 14% by 2028

Hybrid penetration at 20% by 2028

Ironhorse seeks funding as originations double

Subprime lenders eye ‘AI for good’ amid tariff headwinds

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Toyota sales hit third monthly record on Japan, US demand

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Record used-EV sales of over 100K units projected

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