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US Electric Car Model Availability Across Car Segments
One of the challenges the US faces compared to its European and Chinese counterparts is the number of EV models made available in the USA.
In the past, some analysts would have said that this was largely a lack of demand problem: because there is not enough demand for EVs, international players were not bringing their EV models to the US.
Today, we can see that though demand is still a relatively small fraction of the population, it is growing rapidly.
This points to US policies being the challenge; if a certain percentage of each vehicle is not built or assembled in the United States, vehicles cannot be sold to the US market.
In the past, this has stimulated and protected the US automotive sector; but until recently, it has kept global EV manufacturers from building EVs state-side.
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The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.
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