Visualizing EV Market Share In The US
…this is not what the Biden administration was hoping for…
Electric vehicles are a fast growing segment in the U.S., but how much market share have they taken from traditional gasoline cars?
According to recent data from the U.S. Department of Energy, not much.
In this graphic, Visual Capitalist’s Marcus Lu and Sabrina Lam visualize light-duty vehicle registrations in 2022, broken out by fuel type. It shows that out of the 281 million cars registered nationally, electric (EV) and plug-in hybrid (PHEV) vehicles represented only 1.2%.
Breaking Down the Data
An important distinction to make is that registrations are not the same as sales.
While sales represent the number of new cars sold within a timeframe, registrations reflect the number of cars that are registered with a state’s Department of Motor Vehicles (DMV).
As a result, registrations include both new cars and used cars that have changed ownership. This provides a more comprehensive measure of what cars are on the road.
The following table shows the data we used to create this graphic.
It’s worth noting that the gasoline category also includes diesel, E85 flex fuel, and traditional hybrid vehicles, while alternative fuels includes biodiesel, natural gas, propane, and hydrogen.
Vehicles that the Department of Energy categorized as “unknown fuel type” were excluded.
EV Market Share on the Rise
EV adoption in the U.S. has been relatively sluggish compared to the EU and China, though this is beginning to change as automakers roll out more electric SUVs and trucks.
According to Cox Automotive, U.S. EV sales (full battery electric) in Q2 2023 set a new record of 300,000 units, marking a 48% increase from Q2 2022.
For additional context, a total of 800,000 EVs were sold in the U.S. throughout the entire year of 2022, in addition to 190,000 PHEVs.
__________
MORE TECH NEWS
Five Days Of Chaos Over? Sam Altman Returns As OpenAI CEO
Rival Anthropic Rejects OpenAI Board’s Merger Offer, Report Says
********
(TLB) published this article from ZeroHedge as compiled and written by Tyler Durden
Header featured image (edited) credit: Biden'(AP Photo/Susan Walsh)
Emphasis added by (TLB)
••••
••••
Stay tuned to …
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
It appears to me that the strategy of the states saying they won’t sell gas cars after 2035, is trying to get ppl to panic to rush to buy them. I will now call it ‘The Toilet Paper Syndrome’. Create a shortage or a problem, of any kind or anywhere with anything, and they’ll provide the solution. I hope no one buys into the fear they’re trying to engender.