By Mark Hart, ACDI: One day, in the future, all new car sales will be electric, and EV chargers will be ubiquitous — installed at nearly every home, store, hotel, shopping mall, and workplace in the US.
In the past few years, the question about EVs dominating U.S. roads shifted from “If?” to “When?” And as I shared in the previous article in this series, while sales grew gradually and modestly for much of the past decade, they doubled in 2021 over 2020, with EVs making up roughly 4.6% of new light passenger vehicle sales. True, less than five out of 100 doesn’t represent an inflection point. But that’s also up from 0% in 2010.
Furthermore, several factors point to a continuation of this robust trend in 2022. While EVs will not dominate U.S. roads by the end of the decade, they will see dramatic growth in market share and go mainstream.
The growth of EV charging is critical to this emerging reality, one that the federal government hopes to propel by investing $7.5 billion in public EV charging infrastructure, among other things. The investment is intended to put the U.S. “on the path to a convenient and equitable network of 500,000 chargers and make EVs accessible to all Americans for both local and long-distance trips,” the Administration announced in February.
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SOURCE ACDI
