EV Sales Make Progress
Q1 market share, sales up year-over-year despite quarter-over-quarter slump. Charger availability still an obstacle.
EV market share rose in 37 states year-over-year.
Pexels/Kindel Media
Electric-vehicle sales had a mixed first quarter in the U.S. but demonstrated headway in a market that has been slower to adopt the newer power train.
An Alliance for Automotive Innovation report shows EVs made up 9% of new light vehicle sales in the quarter, down from 10% quarter-over-quarter but up 9% year-over-year. EV delivery volume of more than 344,000 represented a 13% year-over-year jump.
EV market share rose in 37 states year-over-year, led by California, 25%, Washington, 20%, Washington, D.C., 20%, Colorado, 18%, and Hawaii, 16%.
Interestingly, light truck sales made up 84% of the EV market, according to the report.
The improvements could be built upon if charging infrastructure better met demand. The report says the number of public chargers rose 5% quarter-over-quarter while EVs in operation increased by 8%. Consumers consistently cite limited stations as a major reason for resisting adoption.
Federal tax credits for EV purchases applied to just 19% of EV models available for purchase in the quarter, according to the report, due to restrictions on materials sourced from countries considered to be “foreign entities of concern.”
Originally posted on Auto Dealer Today
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