The Strong, Steady Growth of the US Electric Auto Market — Charts

Electric vehicle sales have grown quite consistently for the past few years. Though, there’s been a strong narrative to the contrary lately. While we have tracked US EV sales for years here onand produce various quarterly reports on the topic, we have not produced reports on trends in EV market share — until now.

Going back to 2019 to look at pure battery electric vehicle market on an annual basis, we get a longer term view on this, and then I also go back on a quarterly basis to Q4 2021. As we can see, annual growth in EV market share has been very strong for the past three years. In fact, from 2022 to 2023, market share grew by 1.7 percentage points, versus 0.3 percentage points from 2019 to 2020 or 1.3 percentage points from 2020 to 2021. It’s true that the growth was not as strong as it was from 2021 to 2022 , but it’s still a quick rise up the chart.The big jumps are from Q2 2022 to Q3 2022 and from Q2 2023 to Q3 2023 .

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