Daily insights for city builders, delivered every morning at 6 AM ET. I’m Brandon Donnelly — a Toronto-based real estate developer and founder of Globizen. I’ve been writing here since 2013.

Nearly 1 out of every 10 cars sold is now electric

I’ve said this before, but the car I currently have will certainly be the last internal combustion engine vehicle that I own. I truthfully even felt a bit weird buying it 6 years ago, but at the time, there weren’t that many options other than a Tesla. And I didn’t want a Tesla.

Today, there are lots of EV options, and the numbers are starting to show that. When the final figures come in, it is estimated that the US will have sold 15.5 million new cars last year. And of these, about 1.44 million units are expected to have been electric.

This means that we are just under 1 out of every 10 new cars sold in the US. The trend line is also working in the right direction. 1.44 million new EV units is roughly the total number of EVs sold between 2016 and 2021 in the US. 

So things are accelerating. And presumably there are other people like me waiting on the sidelines. I am deliberately roughed in for an EV charging station in my new parking spot and, if/when it comes time to purchase a new car, that’s exactly what will get installed.

(I added “if” because, depending on how mobility evolves over the next 5-10 years, there’s a chance I may no longer want to own a car.)

5 responses to “Nearly 1 out of every 10 cars sold is now electric”

  1. jfrochecfea76c825 Avatar
    jfrochecfea76c825

    Like it or not, but one huge advantage Tesla has is its charger network. It works very well and is the least expensive of all public networks for Tesla owners.

  2. AM Avatar
    AM

    EV adoption is plummeting and many cars remain unsold on dealer’s lots. It looks like the forecast adoption curve was overly enthusiastic. Now manufacturers are slashing the prices, which is great given how insanely expensive EVs are.

    I think the future isn’t pure EVs but Plug-in hybrids, where you truly get the best of both world, pure electric range in the city and no range anxiety on long trip while still getting astonishing gas mileage.

    I don’t think the world is quite ready for EV prime time.

  3. Nick Iozzo Avatar
    Nick Iozzo

    I switched to a Plug-In Hybrid 14 months ago. The electric motor meets almost all my local driving needs (family & friends visits, groceries, trips to the mall, business meetings, etc.) The gas engine kicks in when I need to drive longer such as London or Ottawa. I will probably switch to all-electric after this vehicle. I only choice the Plug-In option as I wanted to stick with Volvo and they were the only option for an electric-based wagon (‘longroof’ as the Brits says).

  4. T-Bone Avatar
    T-Bone

    should be looking at the global picture, China and Europe are really pushing ahead on EV adoption https://www.iea.org/reports/global-ev-outlook-2023/executive-summary

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