Hyperdrive

OPEC and Ark’s Electric Vehicle Sales Forecasts Were Way Off

Drawing lessons from EV predictions that have missed by miles.

Employees on the VW ID.3 production line at Volkswagen’s factory in Dresden, Germany.

Photographer: Krisztian Bocsi/Bloomberg
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Last week, my BloombergNEF colleague Siong-Hu Wong published a comparison of EV adoption outlooks from major groups including the International Energy Agency, US Energy Information Administration, Organization of the Petroleum Exporting Countries and others.