J.D. Power Cuts 2024 EV Sales Forecast in US by More Than 3%

As mainstream car buyers continue to shun electric vehicles, automotive researcher J.D. Power said Aug. 28 that battery-powered models will account for just 9% of sales in the U.S. this year, down from its previous forecast of 12.4%. The revised projection comes a week after Ford Motor Co. retrenched its EV strategy...