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07/14/2023

EV Sales Hit a Record in the U.S.

Now their popularity may be waning

This story first appeared on Grist, a nonprofit media organization covering climate justice and solutions.

Electric vehicle sales in the United States set a record this past quarter and are on track to break the 1 million mark in 2023, which would be a milestone for the industry. This surge comes even as many vehicle models have lost their eligibility for federal, and some state, incentives.

Analysts at Wards Intelligence and Cox Automotive reported that consumers bought nearly 300,000 EVs between the beginning of April and the end of June. That represents a year-over-year jump of roughly 50 percent and included growth in May and June, the first two months after federal tax credit rules became more stringent. Plug-in hybrid sales climbed as well.

"​​There are some vehicles that are intriguing enough to buyers that you don’t need a rebate," said Christie Schweinsberg, a sustainability analyst at Wards, noting the ever-increasing range of EVs and options for consumers to choose from. "People will still want to buy."

Please select this link to read the complete article from WIRED.

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