The electric and hybrid share of U.S. vehicle sales has hovered around 3% for the past decade.

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Data: Wards Intelligence; Chart: Chris Canipe/Axios

Why it matters: For all the hoopla surrounding electric cars, they’re still only a sliver of America’s auto industry. Fully electric cars are gaining market share, but the overall demand for electrics and hybrids has risen only slowly. In part, this is because sustained low gasoline prices have revived Americans' traditional preference for larger vehicles, which are mainly gasoline-powered.

"We are definitely seeing consumers selecting more fuel-efficient versions of what they already want to buy, but they’re still buying pickup trucks, SUVs and crossovers.”
— Rebecca Lindland, analyst with Kelley Blue Book, an automotive research firm

What’s on the horizon: Last year, fully electric cars made up about 0.6% of light-vehicle sales. They're set to grow significantly, though forecasts range widely about how much.

  • 3%: That's the 2025 forecast from WARDS Intelligence, an automotive research firm whose data auto companies use.
  • 8.5%: That's the 2025 forecast from Bloomberg New Energy Finance, which is more bullish on these issues.

Go deeper: This trend is part of why the Trump administration should rewrite — but not repeal — his predecessor’s fuel-efficiency standards, independent experts tell me in my latest Harder Line column this week.

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Coronavirus surge punctures oil's recovery

Illustration: Aïda Amer/Axios

The growth of coronavirus cases is "casting a shadow" over oil's recovery despite the partial demand revival and supply cuts that have considerably tightened the market in recent months, the International Energy Agency said Friday.

Why it matters: IEA's monthly report confirms what analysts have seen coming for a long time: Failure to contain the virus is a huge threat to the market rebound that has seen prices grow, but remain at a perilous level for many companies.

1 hour ago - Sports

Big Ten's conference-only move could spur a regionalized college sports season

Illustration: Aïda Amer/Axios

The Big Ten announced Thursday that it will move all fall sports to a conference-only schedule.

Why it matters: This will have a snowball effect on the rest of the country, and could force all Power 5 conferences to follow suit, resulting in a regionalized fall sports season.

The second jobs apocalypse

Illustration: Aïda Amer/Axios

This week, United Airlines warned 36,000 U.S. employees their jobs were at risk, Walgreens cut more than 4,000 jobs, Wells Fargo announced it was preparing thousands of terminations this year, and Levi's axed 700 jobs due to falling sales.

Why it matters: We have entered round two of the jobs apocalypse. Those announcements followed similar ones from the Hilton, Hyatt, Marriott and Choice hotels, which all have announced thousands of job cuts, and the bankruptcies of more major U.S. companies like 24 Hour Fitness, Brooks Brothers and Chuck E. Cheese in recent days.