According to media reports, the cumulative sales of pure electric vehicles in the United States have exceeded 1 million units so far this year, representing the first time that the country's electric vehicle sales have crossed this threshold in a single year.
A report released by the National Automobile Dealers Association (NADA) stated that in the first 11 months of 2023, the cumulative sales of Battery Electric Vehicles (BEVs) in the country reached 1,007,984 units, reflecting a year-on-year growth of 50.7%.
Albert Gore, Executive Director of the Zero Emission Transportation Association (ZETA), stated in a release, "Reaching 1 million electric vehicle sales in the United States in 2023 is a significant milestone for the electric vehicle industry and a crucial step towards electrifying transportation. NADA's data shows that consumer demand for electric vehicles is steadily increasing month by month, with the market share of electric vehicles in new car sales rising from 6.4% in January to 7.2% in October."
Bloomberg New Energy Finance (BNEF) recently published its annual "Zero Emission Vehicles Overview Report," specially prepared for the COP28 conference in Dubai. The report indicated that despite concerns about a slowdown in electric vehicle demand, "the data does not support this view."
BNEF pointed out in its report, "Global electric vehicle sales may be lower than some automakers' expectations, but consistent with BNEF's early predictions, most industries would be satisfied with such a growth rate. Specifically for the United States, although concerns about demand for electric vehicles are gradually rising, the growth rate of electric vehicle sales in the United States has actually accelerated, reaching an increase of 50% this year."
The BNEF report also mentioned that the United States government's Infrastructure Investment and Jobs Act (IRA) has attracted $103 billion in new investments. This includes sectors such as electric vehicles ($11.7 billion) and battery production ($72.4 billion), as well as other areas like battery components ($9.8 billion) and recycling ($3.5 billion).
BNEF predicts that the first batch of electric vehicle and battery factories related to the IRA will start operations in the second half of 2024, with more factories coming online in 2025 and beyond.
