US: In Top Counties, EV Market Penetration Exceeds 30%

  • 📰 InsideEVs
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Some areas of the United States amaze when in comes to the adoption rate of plug-in electric cars, far exceeding the average level.

According to the National Renewable Energy Laboratory data from December 2022 - highlighted by the Department of Energy ’s Vehicle Technologies Office - in four counties, light-duty all-electric and plug-in hybrid electric vehicle market penetration exceeds 30 percent.

All four happen to be in California. The top one is Santa Clara County with a 35 share of rechargeable cars registered among 2022 model year vehicles. The next one is Marin County with 34 percent, followed by Alameda and San Mateo Counties at 32 percent each.Outside of California, there were a few places where the share exceeded 20 percent. For example, 22 percent was noted in Boulder County, Colorado, and in San Juan County, Washington. That's a pretty significant market share.

Overall, as of the end of 2022, there were only about 100 counties where EV market penetration was 10 percent or higher.all-electric cars alone were up by 67 percent year-over-year in the first seven months of the year to over 650,000 registrationsHowever, when it comes to geographical distribution, there is probably nothing we can do.

There is a similar situation in Europe, where the market share is much higher in some countries than the average, and at the bottom of the list, some countries are struggling to even get to about a 9 percent share. It will be interesting to see whether the electrification of pickup trucks will help to spread the high market share across the country later this decade.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 579. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Terry Savage: Don’t try to beat the market; be the marketSince the start of the year, the S&P 500 is up about 14%, as we near the end of September.
Source: chicagotribune - 🏆 8. / 91 Read more »

Jim Cramer's top 10 things to watch in the stock market WednesdayWill the tyranny of the 10-year Treasury yield end?
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan’s top stock guru stays bearish on market, sees headwinds for any risk assetWhile investors may not have a retelling of the Great Financial Crisis ahead, JPMorgan's Mark Kolanovic says he's still cautious looking ahead.
Source: CNBC - 🏆 12. / 72 Read more »

Market Looks An Awful Lot Like Disastrous 2008, Top JPMorgan Strategist SaysThe bank simultaneously recommended cash over equities, citing the “risk-reward” proposition.
Source: Forbes - 🏆 394. / 53 Read more »

Bitcoin Stopped Ahead of $27K, These Alts Are Today's Top Performers (Market Watch)Bitcoin Cash has found a place between MKR and LINK in terms of daily gains.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Delivering Alpha live updates: Elite investors share their top market moves at CNBC's investor summitCNBC’s Delivering Alpha: Market-moving news from top Wall Street stock and bond managers, tech and real estate investors, and hedge fund icon Bill Ackman.
Source: NBCLA - 🏆 319. / 59 Read more »