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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.

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

The winners and losers of the pandemic holiday season

Illustration: Sarah Grillo/Axios

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers.

The big picture: Just as it has exacerbated inequality in every other facet of American life, the coronavirus pandemic is deepening inequities in the business world, with the biggest and most powerful companies rapidly outpacing the smaller players.

Coronavirus cases rose 10% in the week before Thanksgiving

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Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The daily rate of new coronavirus infections rose by about 10 percent in the final week before Thanksgiving, continuing a dismal trend that may get even worse in the weeks to come.

Why it matters: Travel and large holiday celebrations are most dangerous in places where the virus is spreading widely — and right now, that includes the entire U.S.

Updated 6 hours ago - Politics & Policy

Supreme Court backs religious groups on New York coronavirus restrictions

Photo: Saul Loeb/AFP via Getty Images

The U.S. Supreme Court ruled late Wednesday that restrictions previously imposed on New York places of worship by Gov. Andrew Cuomo (D) during the coronavirus pandemic violated the First Amendment.

Why it matters: The decision in a 5-4 vote heralds the first significant action by the new President Trump-appointed conservative Justice Amy Coney Barrett, who cast the deciding vote in favor of the Catholic Church and Orthodox Jewish synagogues.