zzdcar
Home
/
Reviews
/
Buying
/
EV Sales Growth In The U.S. Is About To Hit New Highs, Experts Say
EV Sales Growth In The U.S. Is About To Hit New Highs, Experts Say-October 2024
2024-02-19 EST 22:09:15

Image for article titled EV Sales Growth In The U.S. Is About To Hit New Highs, Experts Say

If you study the macroeconomics of new technology adoption, there is a theoretical curve showing just how something exciting breaks into the mainstream. The first 15-ish percent of people to buy into something are considered early adopters, and EVs have certainly burned through that market like wildfire. Once annual sales in a given market settle into the range between five and ten percent, it’s on a trajectory to leap into mainstream buyers.

While other major markets like the European Union and China have already seen EV sales jump well beyond ten percent of annual sales, here in the U.S. electric adoption is lagging behind a bit, making up just about seven percent of new cars sold. Experts predict the U.S. market is at the bottom of a curve rapidly trending upward. That is, unless outside market forces push Americans in another direction.

Looking at Norway as an example, EV sales crossed the 10 percent market threshold in late 2013, and now make up around 80 percent of the country’s new car sales. Admittedly Norway is a much smaller country than the U.S., meaning far less infrastructure investment is needed, far fewer cars are sold, and there are fewer people to convince. , the experts believe the U.S. could follow a similar adoption curve to Norway, but at much larger scale.

It has already been happening in California, for example. In 2019, of the state’s new car registrations, just seven percent were electric. In the first half of 2023, California has shown about 25 percent of new cars sold have been electric. The U.S. auto industry sells around 13 to 17 million cars annually, so to reach that 25 percent number nationally we’d have to see between 3 and 5 million new EVs registered. In 2022 U.S. consumers purchased just shy of one million electrics, and should handily eclipse a million sold this calendar year.

Research shows that Americans are still hesitant to make the switch. The country’s , but a lack of familiarity, a deeply polarized political climate, and a sense of deep-seated individualism may also contribute to the slow proliferation.

There is currently a partisan divide when it comes to electrification, as around 66 percent of Republicans say they’ll stick with gas powered cars no matter the cost, compared to just a quarter of Democrats. Practically, however, with EVs owned by 9 percent of Democrats and 8 percent of Republicans. Apparently the politically inactive—or other party affiliated—are even less likely to own an EV.

Many American drivers than gasoline cars are to fill up—just 42 percent believe EVs are cheaper to operate. Similarly, just over one third of drivers think EVs are better than gas-powered cars at daily commuting. The majority have a grasp on the fact that electric is better for the climate and air quality, but the practical aspects haven’t really been communicated properly yet. It’ll likely take one-on-one understanding of these aspects to drive the point home. The more likely someone is to know someone else with an EV, the better familiar they are bound to be with the use cases.

Further potential hurdles to EV adoption include supply chain problems, lack of access to raw materials, and global worker unrest as unions continue proliferating and strikes become more common. The current UAW strike is, after all, partly over concerns that electric vehicles will mean fewer American auto industry jobs.

The WaPo article does end with a reminder that in 2000 . In adoption terms, we call the final group to get onboard “laggards,” but most of them eventually get there. Even if you don’t think you want an electric car right now, it’s entirely possible that you’ll be convinced in 20 years. Or maybe not.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
One of the calling cards of today’s Plymouth Colt is its “Twin Stick” overdrive gear change, which gives the car eight speeds going forward and two in reverse. Let’s see if this project car has anything else to offer. Just as Goldilocks discovered when appropriating Papa Bear’s lifestyle and...
Oct 28, 2024
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Let’s cut right to the chase: buying a is not a good idea unless you have deep enough pockets for the upkeep. For those not in the know, they’re sirens. They draw you in with their premium Italian image and sweet songs of and then go in for the...
Oct 28, 2024
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
According to its seller, today’s Nissan 4X4 shows “pride of ownership.” Let’s see if it would take swallowing one’s pride to pay its asking price. Opinions were split on how well the design of yesterday’s has held up over the years. Some of you commented that the design still...
Oct 28, 2024
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
The (and Tacoma) have a death grip on used values. It’s been this way for years. Go ahead, go try and buy any TRD trim that’s a couple of years old; it’ll cost you as much as a new one — not that you could buy a new one...
Oct 28, 2024
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
The seller of today’s Caddy claims they should be selling it at auction but says who’s got time for that? Let’s see if we have the time for this custom convertible at its non-auction price. Many of you agreed that the $950 asked for yesterday’s was “chump change.” Even...
Oct 28, 2024
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
Today’s Mustang is being sold by a towing yard, which means it’s probably a lien sale. Let’s see if this clean title convertible is priced to put a new buyer on the hook. The general consensus on last Friday’s was that it would be the perfect car for someone...
Oct 28, 2024
Copyright 2023-2024 - www.zzdcar.com All Rights Reserved