On Saturday, investor Ross Gerber renewed his support for electric vehicles, arguing that Global electric vehicle (EV) adoption could help reduce oil dependence, lower emissions and reshape the future of global transportation.

Gerber Pushes Electric Vehicle Adoption

Gerber shared his views on electric vehicles in a post on X, encouraging consumers to move away from traditional gasoline-powered cars.

"Say no to oil. Say no to war over oil. Say no to emissions. Say YES to an EV!" he wrote.

He argued that switching to electric vehicles could benefit consumers while addressing broader environmental and geopolitical concerns.

"We all win. You save money, get a better car and the world is a little better off!" Gerber added.

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EV Market Faces Growth, Policy And Adoption Challenges

Earlier, EV sales reached 2 million units in June 2026, rising 11% from May, as strong European demand offset weakness in China and the U.S., according to Benchmark Intelligence data cited by Electrek.

Europe recorded 530,000 EV sales in June, up 31% year over year, while North American sales declined 20% in the first half of 2026, partly due to the expiration of the $7,500 federal EV tax credit and policy shifts favoring gasoline vehicles.

Meanwhile, executives from Rivian Automotive Inc. (NASDAQ:RIVN) and Lucid Group Inc. (NASDAQ:LCID) said state franchise dealership laws were creating barriers to EV adoption by limiting direct sales and customer education.

Rivian’s Beau Whitman called the rules "restrictive," "complicated," and "convoluted," while Lucid’s Daniel Witt said they created challenges for sales teams.

Ford Motor Co. (NYSE:F)  CEO Jim Farley also warned that U.S. EV adoption could slow in the near term, predicting EVs would represent about 5% of the market as consumers shifted toward hybrids and ICE vehicles.

However, he said demand could grow for affordable EVs and highlighted Ford’s Universal EV platform, which will support future sub-$30,000 models.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Photo courtesy: Natee Meepian On Shutterstock