US Car Market Shrunk In 2022 But EV Sales Went Up By Two Thirds

Even though fewer cars were bought in the United States in 2022 compared to the year before, marking a decline for the first time in over a decade, more of these vehicles were electric. US passenger vehicles fell in 2022, but the number of EVs went up by a remarkable 65 percent, an increase of almost two thirds compared to 2021.

EVs accounted for 5.8 percent of all new cars sold in the US, an increase from 3.1 percent the year before.lost ground last year, with a market share that dropped from 72 percent in 2021 to 65 percent in 2022. It’s still the biggest player, but this drop does show that competitors’ ever more compelling models are affecting its dominance of the US EV segment.

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