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Gross sales of electrified cars will exceed that of purely combustion autos by 2030, based on BCG. Volvo will likely be a pure electric model by 2030, Normal Motors by 2035. California and Washington state plan to end sales of latest combustion engine cars by 2035 and 2030, respectively, and 12 states' governors have signed a letter urging President Biden to enact such a combustion ban nationwide. And while we predict pure EVs are the risk to gas stations, hybrids additionally erode gasoline consumption.
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