US electric vehicle sales surge, charging infrastructure expands

Contrary to what some media are reporting, the EV market in the United States is experiencing a period of remarkable growth, with sales and charging infrastructure expanding rapidly. According to the Joint Office of Energy and Transportation, November 2024 saw record-breaking numbers for both EV sales and public charger availability.

In November 2024, a total of 141,442 plug-in electric vehicles were sold in the US, marking an 11.5% increase from November 2023. This figure includes 117,929 battery electric vehicles (BEVs) and 23,513 plug-in hybrid electric vehicles (PHEVs). By the end of November, over 1.4 million EVs had been sold in the US - that's a healthy 9% rise compared to the same period in 2023. EVs now constitute 10.4% of all light-duty vehicle sales, a decent increase from 9.4% in 2023 and 6.8% in 2022.

Several new EV models are making their presence felt in the market. The Honda Prologue and Chevrolet Equinox EV have seen their sales go up by 65% and 69%, respectively, from October to November. Ford has also had a successful month, with Mustang Mach-E sales soaring by 79% and the F-150 Lightning entering the top 10 with a 96% jump in sales.

The availability of EV charging infrastructure is expanding in tandem with EV sales. In November, 2,490 public EV charging ports were added across the US, representing a 1.2% increase in the national network. This includes 14 new NEVI (National Electric Vehicle Infrastructure) stations, which added 56 fast-charging ports in Ohio, Hawaii, New York, and Texas.

Currently, there are 205,000 charging ports across 74,500 locations in the US, including 289 federally funded ports under the NEVI, CFI, and RAA programs. Many new projects are in progress to deploy over 24,000 federally funded chargers, ensuring that charging infrastructure keeps pace with the growing number of EVs on the road.

The record-breaking EV sales and the expansion of charging infrastructure suggest a strong momentum in the US electric vehicle market. With new models entering the market and increasing consumer confidence, the future of electric vehicles in the US appears bright. We’ll have to wait a few more weeks to see the full picture of the 2024 EV sales, and it’ll be very interesting to see how the new administration affects the market. Interesting times ahead.

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