Electric Vehicle Boom in the U.S.: A Record-Breaking Million EVs Sold

by AutoExpert   |  11 March, 2024

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Okay, so last year was BIG for electric cars in the U.S. – over one million sold! That's a record. Electric cars (EVs) are now taking up a way bigger chunk of the new car market than they used to. We're even seeing hybrids getting popular; those are the ones that still have a gas engine as backup.

But, here's the thing: America is NOT going electric at the same speed everywhere. Some major cities are seeing a ton of new EV registrations, even in states like Florida and Texas where electric cars were barely on the radar a couple years ago.

Electric Vehicle

Of course, it's no surprise the West Coast, especially California, is leading the charge (pun intended!).

Where the EV Action's At... and Where It Isn't

In 2023, places like the San Francisco Bay Area were over 30% electric with their new car registrations. You could say those places are really feeling the electric vibe. On the other hand, some parts of the country basically don't seem interested. Detroit, the classic car capital, is barely registering on the EV scale. Ouch!

Electric Vehicle

Who's Driving the Electric Trend?

So far, the typical person switching to electric tends to be on the wealthier side, younger, and living in a city. They care about the environment, or maybe just want the coolest new tech. But hey, the experts say that's slowly starting to change.

Speaking of change... the Biden administration and a bunch of states are really pushing to get more people in EVs to fight climate change. Gas-powered vehicles make a ton of nasty pollution, so this push makes sense.

Electric Vehicle

Why Aren't More People Going Electric?

Apparently, not everyone has been convinced of transcending onto EVs. Approximately 50% Americans have disclosed that an EV is not an option for them. Not yet. 

Here's why:

  • Charging Woes: Not having enough reliable chargers around is a HUGE deal-breaker, especially in rural areas and small towns. Even city folks who live in apartments can struggle if they don't have a garage to charge in.
  • Winter Worries: Stories of batteries struggling badly in freezing temps freak people out. Even though experts say those are rare cases, it affects how people think about EVs.
  • Sticker Shock: Let's be honest, most EVs are still way more expensive than similar gas cars. Tax credits help a little, but not everyone qualifies.

Electric Vehicle

The Road Ahead for EVs

More and more electric cars are being made right here in the U.S., and charging is getting better. Plus, Tesla – the big name in EVs – is opening up their massive charging network to other car brands, which is a pretty big deal. It's progress for sure!

But it seems like the demand for EVs is cooling down. That might mean the toughest part of getting everyone to go electric is still ahead of us! It's not just about the tech – car companies now have to convince the average buyer that EVs are just as good (or even better) than what they're used to.

Analysts are watching... they expect the EV market to keep growing, but maybe a little slower this year than last.

Electric Vehicle

The Bottom Line:

Electric cars are definitely having their moment, but it's a long road until everyone's driving one!

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