U.S. sales of hybrids, plug-in hybrids and overall EVs have grown steadily in recent years, but the strongest growth in electric vehicles has been in rural America, according to new analysis from iSeeCars.
The analysis looked at the used car market share for hybrids, plug-in hybrids and battery-powered cars from 2014 to 2022 and found that demand is growing faster in regions outside of the country. beyond urban centers and coastal suburbs that are paradise for early adopters. .
This study, like others from iSeeCars, based on an unusual methodology that aggregates used car sales. The findings are based on more than 16.3 million used cars between 1 and 5 years old sold between May 2021 and April 2022, as well as the 2014 calendar year, with market share calculated from the collection. that data.
2022 Honda CR-V Hybrid
The state with the most sales growth during the period studied was Mississippi, which saw a 241% increase in demand for hybrid and electric vehicles from 2014 to 2022. This was followed by Hawaii, which has demand increased by 116.5 percent and Utah, where hybrid and electric vehicle market share grew by 97 percent during the period studied.
By comparison, California ranks ninth, with hybrid and EV market share growing 75.2% from 2014 to 2022. However, California has by far the highest share of the electric vehicle market, with 8.3% of the total market. school. Despite impressive growth, hybrids and electric vehicles only had a 3.1% market share in Mississippi.
This trend is also not universal. Florida previously had an above-average EV adoption rate, but market share growth has stalled, according to iSeeCars. Meanwhile, in South Dakota and South Carolina, demand for hybrid and electric vehicles has declined in recent years, according to the analysis.
Toyota RAV4 Prime SE 2021 model year
With an emphasis on used car sales data, this analysis offers only one way of looking at the electric vehicle market share. Review data by cumulative EV registration, recently provided by Experian Automotive another picture of the national EV trend.
But we’ve seen this before—many states attract the most interest in EVs (and sometimes, sales) No task to sell zero-emission vehicles. And we know sales have been strong at the national level. Electric vehicles have accounted for about 5% of the market share nationwide and on track to reach around 10% by 2025by a series of estimates.
The federal charging network The start-up will help serve some rural areas that appear to be experiencing strong plug-in sales growth. The Biden administration aims to install 500,000 chargers by 2030, with four 150 kW connectors every 50 miles along the highway. And other fields, like the convenience store industryemphasized that they want to help bring chargers to rural areas of America.
