Electric vehicle sales in US to hit record in 2023

Electric vehicle (EV) sales are expected to hit a record 9% of all passenger vehicles in the US this year, according to Atlas Public Policy. That will be up from 7.3% of new car sales in 2022.

It will be the first time more than 1 million EVs are sold in the US in a calendar year, probably reaching between 1.3 million and 1.4 million cars, the research firm predicts. Although the numbers show significant progress for electrification, the nation is lagging behind countries like China, Germany and Norway.

EVs reached 33% of sales in China, 35% in Germany, and 90% in Norway for the first six months of 2023, according to a BloombergNEF EV outlook published in June.