How do EV sales shape up after War, IRA Act, supply chain wobbles

The US Inflation Reduction Act (IRA) is aimed clearly at re-centering passenger car manufacture back in the USA. What it has NOT aimed at doing is accelerating EV uptake in the US, so in a sense it is self-defeating. This is the conclusion of a report out this week from Rethink Energy, an update on its EV passenger car forecast to 2030 entitled Global EV markets rally despite weak overall car sales. The report can be purchased here and the executive summary downloaded for free. Because the IRA aims to relocate global battery and EV supply chains onto home soil, while simultaneously reigniting the US automotive manufacturing industry, its immediate effect is to slow EV car imports and initiate a…