America’s electric vehicle industry is still in its infancy. Electric cars still make up a small percentage of total vehicle sales in the country, and most experts agree that it will take some time before there are enough EVs on the road to offset carbon emissions from internal combustion engine (ICE) cars. This is primarily because electric vehicles are too expensive for the average consumer and the country’s public charging network still needs a lot of work.
Furthermore, EV adoption has mainly been limited to a handful of states that have decent EV charging networks and have provided buyers with subsidies to make EVs more pocket friendly. California, for instance, accounts for nearly 40% of all the electric vehicles registered in the United States. But when you delve deeper into car registration data in California, you will find that EVs make up only 2% of the vehicles on Californian roads.
This shows that even in states where consumers are ready and willing to purchase electric vehicles, it will probably take decades before they see a significant enough shift away from fossil fuel-powered cars. Even so, plenty of drivers have been switching to EVs in recent months. Data shows that electric vehicles made up 4.6% of the cars registered in June compared to 1.9% in May.
But most of these EV purchases are happening in only a couple of states, with California accounting for the largest share of EVs in the country followed by Floridam(6.7%), Texas (5.4%), Washington (4.4%) and New York (3.6%). Furthermore, electric vehicles make up less than 1% of all the vehicles on the road in all these states except for California. Aside from California, Hawaii and the District of Columbia have the most electric vehicles within their borders at 1.3% and 1.2% of total vehicle sales respectively.
Unsurprisingly, California has the highest number of public charging stations at 13,694 stations. This is more than four times the number of stations in New York, the state with the second most EV chargers in the country. California also has the most public EV-charging stations per mile, making it quite feasible for EV drivers to use their vehicles with little range anxiety.
Tesla remains the top EV producer on the American market, enjoying higher brand loyalty among its consumers than established automakers such as Ford and Toyota. However, Ford’s Mach-E as well as the Kia EV6 and the Hyundai Ioniq 5 have seen their popularity soar in the past few months.
As time goes by, models made by smaller startups such as Fisker Inc. (NYSE: FSR) may also gain traction on the market as the public starts buying EVs at a faster pace.
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