Electric car adoption is on the rise with no clear signs of stopping. Every year, more and more investments from private companies, as well as local, state, and federal government programs, are increasing electric vehicle adoption potential by offering tax incentives and increasing infrastructure capabilities. While we recommend everyone to consider electric vehicles, how is the US reacting as a whole to this changing landscape? Today, we will discuss electric cars, current EV stats, their future potential domestically, and how to begin your journey with EVs.
Electric Vehicle Benefits
Even if electric vehicles are fancy, with new bells and whistles, most people choose their cars solely based on economics. Luckily, the long-term cost-benefit analysis shows that for most Americans, electric vehicles are a way to save money compared to traditional vehicles. The US Department of Energy has found that residents of certain states with higher levels of electric vehicle infrastructure can save up to $15,000 in fuel and maintenance costs over their car’s lifespan. A higher upfront cost might hinder your ability to purchase an EV, but their other benefits, such as quieter driving, easier maintenance, and environmental impact, are still enticing to many car buyers.
EV Stats – US in Relation To The World
The US is adopting EV cars at an increasing rate, but this adoption pales in comparison to other parts of the world. One of the more interesting EV stats shows that the US has less than two public charging stations per 100km of roadway, which is far below the highest level of over 75 per 100km in South Korea. While certain other factors, such as the country’s geography, can make this number fluctuate, it shows that the US does not currently come close to full-scale government adoption and promotion of the technology. Luckily, at-home charging is an attractive and low-cost alternative that meets the charging needs of many Americans. Relatively affordable and simple at-home chargers can provide up to 50 miles of charge per hour.
The US market of electric vehicles is still exploding, even if certain indicators, such as public charging stations, are lagging behind the rest of the world. With only 4% of the world population, the United States is now responsible for over 10% of the total EV purchases. After a slow 2020, electric vehicle sales doubled in 2021 and continued this trajectory into 2022 and beyond. The most popular EV is, by far, the Tesla Model 3, with the Tesla Model Y almost taking the 2nd place spot despite the fact they are from the same manufacturer.
By 2030, it is estimated that over 15% of all vehicles sold in the United States will be electric, compared to 6% in recent years. This will equate to almost 3 million new EVs on American roads every year. With this level of adoption, it is inevitable that EV infrastructure, public charging, and tax incentives will continue to increase and provide more and more reasons for Americans to make the swap.
Most Americans, when surveyed, describe how waiting for their EV to charge, such as on long road trips, was a downside that prevented them from purchasing an EV vehicle. Still, the vast majority of your time using your vehicle will be for daily commutes and local errands. With at-home charging readily available at affordable costs, it is doubtful you will ever be hindered by your new EV’s range or charging speed.
Promise Electric is a Tesla Wall Connector-certified electrical services company in Sarasota, Florida. We are the experts to call if you need an EV charging station installed at your home.
