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The Alliance for Automotive Innovation has published a comprehensive state-by-state analysis of the U.S. electric vehicle (EV) market for the second quarter of 2024. The report, titled Get Connected Electric Vehicle Report Q2 2024, highlights EV sales and purchasing patterns across all 50 states, along with a detailed breakdown of light-duty market share by powertrain from 2016 to 2024.
Increase in Sales Over Time
In Q2 2024, electric vehicles accounted for 9.96 percent of new light-duty vehicle sales, an increase from 9.34 percent in Q1 2024 and 9.05 percent in Q2 2023. There are currently 117 models of electric cars, utility vehicles, pickup trucks, and vans available for purchase in the U.S. during this quarter, with light trucks comprising 84 percent of the EV market.
The following ten states reported EV registrations surpassing 10 percent in Q2 2024:
- California (26.72 percent)
- Colorado (19.43 percent)
- District of Columbia (19.35 percent)
- Washington (17.87 percent)
- Oregon (15.97 percent)
- Nevada (15.4 percent)
- Hawaii (14.39 percent)
- New Jersey (13.25 percent)
- Vermont (11.93 percent)
- Massachusetts (11.57 percent)
A total of 386,221 EVs were registered in the U.S. in Q2 2024, marking a 9 percent rise compared to Q2 2023. However, overall light-duty sales across all powertrains saw a slight decline of 1.1 percent. Meanwhile, the market share for hybrid electric vehicles increased by 2.92 percent, while the share for internal combustion engine vehicles decreased by 3.83 percent.
Challenges with Public EV Charging
Despite the rising number of electric vehicles, public EV charging infrastructure is still falling short. In Q2 2024, publicly accessible EV chargers grew by only 6 percent from the previous quarter, while the number of EVs on the road rose by 8 percent.
In total, 386,221 EVs were registered, but only 10,121 new public chargers were added. This results in a ratio of 38 new EVs for each new public charging station. Currently, there are 5.1 million EVs on U.S. roads, supported by 177,330 publicly available charging outlets, creating a ratio of 29 EVs for every public charger.
To meet the infrastructure needs projected by the National Renewable Energy Laboratory for 2030, another 1 million public chargers (comprising 933,061 Level 2 and 138,609 DC fast chargers) are needed. This translates to a requirement of 451 chargers being installed daily, or nearly three chargers every ten minutes, until the end of 2030.
Focus: Strengthening the EV Supply Chain Amidst Competition from China
Automakers and battery manufacturers have significantly invested in the EV sector, committing over $123 billion to more than 80 projects and generating 114,000 jobs across 18 states. More than $90 billion has been allocated for EV battery production facilities in the U.S., which has created approximately 65,000 jobs, while an additional $33 billion has been set aside for EV assembly projects, adding another 48,000 jobs.
However, China’s early foray into electric vehicle manufacturing poses substantial challenges for U.S. competitiveness. Chinese automakers benefit from government subsidies, lower labor costs, larger production scales, vertical integration, and lower battery prices, making their exports attractive even with tariffs.
In 2023, approximately 95 percent of global EV sales occurred in China (60 percent), Europe (25 percent), and the United States (10 percent). China produces 30 million vehicles annually and has the capacity for nearly 50 million, a significant increase from just 2 million vehicles per year at the start of the century. Almost one-third of this output is composed of electrified vehicles, allowing China to manufacture EVs at a scale comparable to the total vehicle output of the entire U.S. auto industry.
SOURCE: Alliance for Automotive Innovation
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