17 October 2023•
The US EV market has been growing at a slow rate, and the once EV dominating country has slid down the global rankings.
Though EV adoption is still growing in the US it is far slower than its counterparts; America’s 18% global market share in 2020 has slid down to 11% in 2022.
With California leading much of the charge, the rest of the USA has been slow to get EV fever.
Europe as a whole sits at 2.7%, while it’s leading nations like Norway take the #1 spot globally with a 27% electrification rate.
China’s electrification rate is more than double that of America’s at 4.9%.
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