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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 million EV sales. Factors such as political polarization and shifts in tax credits could influence this figure.

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Personal: One in a Million

Clean Fleet Report

And I’m one those million since they’re counting plug-in hybrids (PHEVs) as well as full battery electrics. California’s plug-in vehicle sales tally is impressive: 663,014 battery electrics (62.9%). 379,125 plug-in hybrids (26%). Tesla and GM both exceeded the state’s 200,000-unit sales cap on rebates.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

“Available for sale in all 50 states, the Mustang Mach-E brings some of the best plug-in style, tech, and performance available among (relatively) affordable electric cars. ” (Credit: Ford). . “$43,895 may seem like a high board to dive from at first, but the 2022 Ford Mustang Mach-E is well worth it.

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GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. Cities have an indispensable role in making plug-in vehicles successful.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized. BEVs vs. PHEVS.

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2030: 20 Million More ICE Vehicles Will Be on the Roads in the US Than in 2021

EV Adoption

And while many of the legacy automakers – along with several states – have announced plans or “aspirations” to end production of ICE vehicles or ban their sale completely, the reality is we may not see a federal ban of ICE sales ever – or perhaps not before 2040.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Take rates for plug-in hybrids have also increased, albeit at a much slower rate. It’s definitely not happening at the pace that the Biden administration wanted, as the White House set a goal of making half of new-vehicle sales electric by 2030. The Department of Energy has reported that the U.S.