Summary
- Americans purchased 11.3% more EVs in the second quarter of this year compared to last year
- EVs made up 8% of all new-car sales last quarter
- EV infrastructure and equipment are a hot topic with EC&M readers
- The upcoming October issue of EC&M focuses on the latest trends in EVs
- Take a five-question quiz to test your knowledge on EVs and enter for a chance to win a $25 Amazon gift card
Article
Recent data from Kelley Blue Book shows that American consumers are increasingly embracing electric vehicles (EVs), with a significant increase in purchases compared to previous years. In the second quarter of this year, 11.3% more EVs were sold than in the same period last year, and 23% more than in the first quarter of 2024. EVs accounted for 8% of all new-car sales last quarter, a record high compared to the previous peak of 7.2% in the second quarter of last year.
With the growing popularity of EVs, EV infrastructure and equipment have become a major focus for industry professionals, including EC&M readers. The newsletter EV Infrastructure, launched last year, has seen continuous growth as it keeps readers informed about the latest news and product developments in the rapidly evolving EV market. The upcoming October issue of EC&M will also highlight the latest trends in EVs, further emphasizing the importance of staying current with developments in this industry.
To help readers stay up to date on electric vehicles, a Member’s Only quiz has been created featuring EV trivia. This five-question quiz covers a range of topics, including recent EV statistics and the National Electrical Code (NEC). Participants have the opportunity to test their knowledge of EVs while also entering for a chance to win a $25 gift card to Amazon. It is emphasized that accuracy in answering the questions is not required to be eligible for the prize, making the quiz accessible to a wide range of participants.
The increasing adoption of EVs reflects a broader trend towards sustainable transportation solutions and reduced carbon emissions. With advancements in technology and infrastructure supporting EVs, the shift towards electric vehicles is expected to continue in the coming years. As consumers become more environmentally conscious and seek out eco-friendly transportation options, the demand for EVs is likely to further increase, driving innovation and growth in the EV market.
Industry experts predict that the market for electric vehicles will continue to expand, with more automakers introducing new models and advancements in battery technology improving range and efficiency. Governments and regulatory bodies are also supporting the transition to EVs through incentives and regulations aimed at reducing greenhouse gas emissions and promoting cleaner transportation options. As the infrastructure for EVs continues to develop, including charging stations and grid integration, the adoption of electric vehicles is expected to accelerate, further reshaping the automotive industry.
Overall, the growing popularity of electric vehicles signifies a significant shift in the automotive industry towards sustainable and environmentally friendly transport options. As EV technology continues to evolve and become more accessible to consumers, the market for electric vehicles is expected to expand, driving innovation and competition among automakers. Staying informed about the latest trends and developments in the EV market is essential for industry professionals and consumers alike to make informed decisions and contribute to a more sustainable future.
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