ESG & Investing

Slowing EV Sales Are Upending Banker Climate Strategies

The collateral damage from decelerating EV adoption will be far wider than the energy transition.

Tesla vehicles in a parking lot after arriving at a port in Yokohama, Japan.Photographer: Toru Hanai/Bloomberg
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Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern.

A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that have pledged to decarbonize the loans and investments they make.