In 2023, the US new energy electric vehicle and electric charging stations market continued to maintain strong growth momentum. According to the latest data, the US electric vehicle market reached $3.07 billion in 2023 and is expected to grow further by 2024. This growth is mainly due to the support of government policies, the increase in consumer environmental awareness and the continuous advancement of technology. The US electric vehicle market is expected to grow at a compound annual growth rate (CAGR) of 29.1% by 2030.
The penetration rate of new energy electric vehicles in the United States varies significantly among states. California remains the state with the highest penetration rate of electric vehicles, with electric vehicle registrations in the state accounting for 42% of the national total in 2023. Other states with high penetration rates of electric vehicles include Florida and Texas, which not only provide policy support, but also invest a lot of resources in the construction of charging infrastructure.
As of 2023, the United States has more than 114,000 public car charging stations, of which slow charging accounts for about 81%. Major charging station operators include ChargePoint, Blink Charging, EVgo and Electrify America. The US government plans to build 500,000 new public charging stations by 2030 to meet the growing demand for electric vehicle charging. In addition, technological advances have also promoted the development of charging infrastructure, such as portable charging stations, intelligent charging management systems and the application of bidirectional charging technology.
The main drivers of the US new energy electric vehicle market include policy support, technological progress and increased environmental awareness. The US government has provided car purchase subsidies and tax incentives through policies such as the Inflation Reduction Act (IRA) to promote the popularization of new energy electric vehicles. In addition, state governments have also introduced a number of incentives, such as California's Clean Vehicle Rebate Program (CVRP). The advancement of battery technology and the improvement of charging speed have greatly improved the range and charging convenience of electric vehicles. For example, Tesla's super charging station network and General Motors' Ultium battery technology are driving the development of the market. The increase in consumer environmental awareness and the demand for low-carbon travel methods have also driven the development of the electric vehicle market. More and more consumers choose electric vehicles as an environmentally friendly way of travel to reduce carbon emissions.
Although the US new energy electric vehicle market has developed rapidly, it still faces some challenges. The first is that the construction speed of ev charging infrastructure cannot fully keep up with the speed of popularization of electric vehicles, especially in some remote areas. The second is the high cost of electric vehicles. Despite the government subsidies, the price of electric vehicles is still high for some consumers. Finally, there is the issue of battery recycling and disposal. As the number of electric vehicles increases, how to effectively recycle and dispose of waste batteries has become an important environmental issue
Betty Yang
Sichuan Green Science & Technology Co., Ltd.
Email: sale02@cngreenscience.com
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Website: www.cngreenscience.com
Post time: Jul-15-2024
