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%.
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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