Yes the adoption rate of EV in China and Europe is higher then the US. That is fast changing in the US. Why? For one segment the reason is money. With todays battery, life cycle costs for commercial vehicles such as police, mail trucks, delivery vans , Uber, Semi trucks the lowest cost is EV.
This market segment drives a predictable 60?to 100 miles a day, can charge over night for 100% of their needs for 90% of use cases. This segment represents 10% of light vehicles but consumes 30% of gas and diesel. Over the next 10 years EV will dominate this segment.
However battery prices are falling. In one 10 year span they fell 90%. Recently, past 3?years Si anodes, and new chemistry drove the price down another 30%. The price is on track to fall another 50% within 5 years.
Why is the adoption of EV so much faster in China and Europe? With high gas prices (much higher then US) EV are now the lowest cost option, especially for countries that are net importers of oil.
As the auto industry builds out EV at every price point and configuration and battery cost drops from $15,000 to $1500, more than 50% of sales will be EV.
By the way for the most profitable market segment, price points of $40,000 to $100,000 EV are more fun to drive, which is why the automakers are ramping up production.
However, I would suggest that US should accelerate the shift to EV and reduce gas and diesel consumption by 50% for USA security and business health.
We would love less oil profits for Russian and Middle East Terrorists. We would love fewer disruptions in business and life from wild fluctuations in price and supply of gas and diesel. EV dropping demand for gas and diesel by 50% makes US economy stronger and safer.