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Well, Tesla's federal tax credits are completely expired now. 2019 closed the year with 10% fewer US EV sales compared with 2018, so not only are EV sales not massively increasing, they are declining. It appears global EV sales will be down a similar amount too, despite massive government incentives and subsidies. This is a big disappointment in my view. How are EVs supposed to eclipse ICE sales when they only represent 1% of sales with a $7,500+ advantage? Once those are gone, like Tesla and soon GM will face, what chance to they have?
Batteries have got to get much better in price/performance to not only overcome the loss of enormous tax incentives, but to then overtake ICE sales.
I expect plug-in hybrids to become more popular. As I've always said, manufacturers are foolish to burn their credits with battery sizes less than 16 kWh. At 16 kWh, they are being subsidized $470 per kWh, which is far more than their cost to manufacture, which is closer to $150 or less.
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