Electric Cars’ Turning Point May Be Happening as US Sales Numbers Start Climb

  • Mass-market electric vehicles have been available in the US for over a decade, but we’ve only seen that small, incremental change in sales most of the time.
  • In the first three months of 2022, though, EV registrations shot up an astonishing 60 percent even as the overall market was down 18 percent.
  • With great EV sales comes great charging station responsibility, and figuring out how to offer public charging options to all these new EV drivers is an ongoing concern.

    American car shoppers seem to want the electric car. After a decade of slow but steady sales growth, electric vehicle registrations dropped 60 percent in the first quarter of 2022, even as overall new car registrations dropped by 18 percent. It’s the latest indication that domestic EV acceptance may have turned some important but invisible corner recently.

    The sharp increase in electric-vehicle registrations meant that the start of the year saw the EV share of the overall market hit a historic 4.6 percent. While Norway – where over 86 percent of all new vehicle sales were sold in electric vehicles – EVs advocates know that change will happen slowly, then all at once, or something like that.

    One big reason we see more EVs in people’s driveways is the exciting new models in the explosion, from the Ford F-150 Lightning to the Kia EV6 to the Hyundai Ioniq 5. Experian calculated that there were 158,689 new EV registrations in the first three The year of the month. The big winners were EVs from Tesla (up 59 percent to 113,882 new registrations), Kia (up more than eight-fold to 8,450), Ford (up 91 percent to 7,407) and Hyundai (up more than 300 percent, to 6,964). to Automotive News. These plus other EV sales (the Nissan Leaf and the Volkswagen ID.4 were both in the top 10) meant the segment grew to a 4.6 percent record, which means that a total of 3.4 million new cars were registered last quarter.

    More EVs on the road may seem like good news, but some people are looking forward to the danger when it comes to public charging. Despite the fact that most EV charging happens at home, this is not a solution for everyone, which means that public charging needs to be readily available for some to raise the number of EVs sold. The age-old chicken vs. The egg story remains alive and well in the EV charging infrastructure world, with a story in it Los Angeles Times Last month it said that DC fast-charging station operators need eight to 10 charge sessions a day to turn a “decent return,” but you also need to have enough fast-chargers available so that they don’t have too many waiting times. Finding the balance, especially with EV sales surging, could prove difficult.

    Supply-chain problems are plaguing the auto industry in terms of which cars are being sold, given that some automakers have to make production decisions about which models to build or which not to build on the supply of semiconductor chips or other components. If you allow for a bit of speculation, the fact is that EVs command more attention from the public and the higher starting prices for many EVs that automakers can use to prioritize EVs over internal combustion engine vehicles.

    Automotive News notes that it and Experian used registration data to get a clearer picture of EV sales in the US, since, for example, Tesla does not release sales figures. Other industry analysts have had slightly different figures for EV sales at the start of 2022, but they all show major increases over the last year. Cox Automotive’s estimate of the EV market share for the first quarter of 2022, for example, was 5.2 percent versus 2.5 percent in 2021. Whatever the exact numbers, something’s happening out there.

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