Last updated on July 4th, 2023 at 04:20 pm

Imagine a world where cars run silently, emit zero tailpipe emissions, and require minimal maintenance. This future is not as distant as it seems, thanks to the rapid growth of electric vehicles (EVs) in the US car market.

Electric vehicles (EVs) are cars powered by rechargeable electric batteries. They don’t use traditional internal combustion engines (ICE) that rely on gasoline or diesel fuel. 

Instead, they use an electric motor for propulsion and have a battery pack that stores electricity to power the motor. But what’s the future of these vehicles in the US? Here are my views.

The Current State of Electric Vehicles in the US

In the US alone, the number of electric cars sold was over 600,000 in 2021. The following year, the number was doubled. See how the EV market is experiencing significant growth and momentum? Let’s analyze it a little.

Sales and Market Growth

The sales of plug-in electric vehicles (PEVs) in the US have been increasing. In the US, the electric vehicle market size was USD 28.24 billion in 2021. This number is expected to double in 2023 and even reach USD 137.43 billion by 2028.

YearElectric Vehicle Sales (approx.)Percentage of Total Vehicle Sales (approx.)
20151160990.66%
20161571810.9%
20171998261.13%
20183613072.98%
20193295281.90%
20202951191.80%
20215317773.20%
20227804004.70% (estimated)

Incentives and Policies

To encourage EV adoption, the US government has implemented various incentives and policies. These include alternative fuel vehicle incentives, state and local EV and EV charging incentive programs, and the development of a national EV charging infrastructure network.

Electric Vehicle Incentives in the US (as of 2023)

Incentive TypeDescription
Federal Tax CreditUp to $7,500 tax credit for eligible electric vehicles, phased out after an automaker sells 200,000 qualified vehicles
State and Local IncentivesVarious incentives offered by states and local governments, such as purchase rebates, tax credits, grants, discounted registration fees, and access to HOV lanes
Utility IncentivesSome electric utilities offer incentives like discounted electricity rates for charging, installation rebates for home chargers, and special EV charging rates
Charging Infrastructure GrantsGrants and funding programs provided by governments and organizations to support the development of public and private charging infrastructure
Workplace Charging IncentivesSupport and incentives for employers to install charging stations at workplaces, including grants, tax credits, and assistance with installation and equipment costs

State-by-State EV Registrations

The number of electric vehicle registrations varies by state. California has the highest number of EV registrations.

As the shining star of the electric car world, it takes the lead with approximately 563,070 registered light-duty electric vehicles in 2021. It’s then followed by states like Florida and Texas.

New EV Models

Several automakers are introducing new electric vehicle models in the US. This includes the GMC Hummer EV and Ford F-150 Lightning, among others. The availability of a diverse range of electric vehicle options is expanding consumer choices.

Tesla continues to dominate the US electric car market, holding a significant market share. As of the third quarter of 2022, Tesla accounted for 64% of electric vehicle sales in the country].

However, other automakers are also stepping up their game and introducing new electric models to compete in this rapidly evolving market.

With increasing consumer demand, advancements in technology, and supportive policies, the future of electric vehicles looks bright.

 

Top Electric Vehicles Sold in the US in 2022

 

Here are the top electric car models by numbers in 2022:

RankElectric Vehicle ModelSales (approx.)
1Tesla Model 3150000
2Tesla Model Y100000
3Chevrolet Bolt EV75000
4Ford Mustang Mach-E60000
5Tesla Model S50000
6Audi e-tron GT40000
7Volkswagen ID.435000
8Nissan Leaf30000
9Ford F-150 Lightning25000
10Hyundai Kona Electric20000

What does the future of electric cars look like in the US?

 

The US holds great potential when it comes to electric vehicles. With advancing technology, infrastructure development, policy support, and changing consumer attitudes, electric cars are poised to become mainstream. Here’s what you can expect:

Increased Market Penetration

Electric cars are projected to gain more market share in the coming years. The declining costs of electric vehicle (EV) components, like batteries, are making EVs more affordable and accessible to a broader range of consumers. 

And as technology advances and charging infrastructure expands, the barriers to entry for electric cars are gradually diminishing.

Expansion of Model Range

Automakers are ramping up their efforts to introduce a wider variety of electric car models. Many established and new manufacturers are investing heavily in EV production. 

This will lead to a greater selection of models across various vehicle segments, including sedans, SUVs, trucks, and even performance vehicles. What does that mean? Consumers will have more choices and further drive the adoption of electric cars.

Longer Driving Ranges

One of the key concerns for potential electric car buyers has been range anxiety; the fear of running out of charge during longer trips. However, ongoing advancements in battery technology are extending the driving ranges of electric vehicles. 

Electric cars with ranges exceeding 300 miles on a single charge are becoming more common. This makes them a practical choice for everyday use and longer journeys.

Enhanced Charging Infrastructure

The development of a robust charging infrastructure is crucial for the widespread adoption of electric cars.

In the US, efforts are being made to expand public charging networks and increase the number of fast-charging stations along highways, urban areas, and workplaces. 

This expansion will reduce charging concerns and provide convenience and accessibility to EV owners. Consequently, it will encourage more people to consider electric cars as a viable option.

Technological Innovations

Electric vehicles are at the forefront of technological advancements in the automotive industry. We can expect continuous innovation in areas such as:

  • Battery technology
  • Charging speed
  • Vehicle connectivity
  • Autonomous features
  • Energy efficiency. 

These technological improvements will enhance the overall driving experience, improve vehicle performance, and address existing limitations. This will further boost the appeal of electric cars in the US.

Environmental Benefits

The transition to electric cars plays a vital role in reducing greenhouse gas emissions and combating climate change.

As the US strives to achieve ambitious climate goals, policies promoting clean transportation, stricter emissions standards, and incentives for electric vehicles are likely to be implemented. 

In fact, there are plans to ban new sales of gas-powered cars. This will greatly reduce emissions.

This move is expected to take effect from 2030, but states like Maryland may implement theirs from 2035. Some of the states on this bandwagon of banning gas-powered cars include:

  • California
  • Washington
  • New York
  • New Jersey
  • Oregon
  • Massachusetts

These measures will further incentivize consumers to switch to electric cars and contribute to a more sustainable and greener transportation sector.

Collaboration and Partnerships

Transitioning to electric cars requires collaboration between automakers, government entities, utilities, and charging infrastructure providers. 

Partnerships and alliances will continue to emerge, fostering cooperation and innovation in various areas. These may be battery technology, charging network expansion, and standardization of charging protocols. 

These collaborations will accelerate the growth and adoption of electric cars in the US.

Future Electric Vehicles: 5 Upcoming EVs You’ll See on The Road by 2025

Automakers are at work! That means there are several EVs on the lineup. But what exactly can we expect? By 2025, the following electric cars will have hit the road:

Audi A6 e-Tron

A future electic vehicle in the US - Audi A6 e-tron

Photo Courtesy of US News

Urban dwellers, rejoice! Although it’s a concept right now, the Audi A6 e-Tron will be the perfect blend of style, agility, and sustainability. 

The EV will be based on a Premium Platform Electric (PPE) architecture. And according to Audi, the sedan will have a range of up to 400 miles on a single charge.

Acura ZDX

Acura ZDX - Another upcoming electric vehicle

Photo Courtesy of US News

This will be Acura’s first-ever all-electric car. It’s an SUV built on General Motors’ Ultium platform. If you’ve tried the GMC Hummer EV or the Cadillac Lyriq, you know how reliable this platform is. 

You’ll enjoy increased power, performance, and range, not to mention the flexible battery options.

Alfa Romeo Giulia EV

Alfa Romeo Giulia - Another upcoming electric vehicle

Photo Courtesy of US News

While we are not sure whether this will be a sedan, one thing is for sure – this EV will be massively quick. It’s expected to get a base configuration of say 350 horsepower and a model with around 800 ponies.

And for fast charging, the Alfa Romeo Giulia EV will have an 800-volt architecture. I’ll have more details on this as soon as the company rolls out an update.

Bentley Bentayga

Bentley Bentayga - Another upcoming electric vehicle

Photo Courtesy of US News

Another automaker, Bentley, has decided to go all green. From 2025, the company plans to release an electric car every year. 

The Bentley Bentayga may not be the first release, as the company’s official website suggests so. But be sure that in the future, this automaker will have a long list of all-electric vehicles.

Cadillac Celestiq

Cadillac Celestiq electric car model

Photo Courtesy of US News

Like the Acura ZDX, this one is built on GM’s Ultium platform. On a full charge, the electric sedan has an approximate range of 300 miles. 

And you can expect it soon since production is set to start by the end of 2023.

What Are the Key Challenges and Potential Solutions to Electric Vehicles Adoption in the US?

Like traditional vehicles, electric cars have their drawbacks. What are they, and how can you/we overcome them? I have some ideas!

Range Anxiety

The fear of running out of charge and the limited driving range of electric cars remains a significant concern for potential buyers. Overcoming this challenge requires the development of longer-range batteries.

There’s also the need to expand the charging infrastructure to ensure convenient access to charging stations, especially in rural areas and along highways.

Charging Infrastructure

Availability and accessibility of charging stations are crucial for the widespread adoption of electric cars. The current charging infrastructure in the US is still developing and expanding, and gaps exist in certain regions. 

Expanding the charging network, increasing the number of fast-charging stations, and standardizing charging protocols will help address this challenge.

Cost and Affordability

Electric vehicles tend to have a higher upfront cost compared to conventional vehicles. Why? Primarily due to the cost of batteries. Affordability remains a barrier for many consumers.

However, as battery prices continue to decline and economies of scale are achieved through increased production, the cost of electric vehicles is expected to decrease. This will make them more affordable for a wider range of consumers.

Battery Technology and Performance

Advancements in battery technology are essential to improve driving ranges, charging speeds, and the overall performance of electric cars. Research and development efforts are focused on increasing energy density, reducing charging times, and extending battery lifespan. 

Continued innovation and investment in battery technology will address these challenges and enhance the overall appeal of electric vehicles.

Consumer Awareness and Education

Many Americans don’t know much, or even have misconceptions about electric cars. 

Educating the public about the benefits of electric vehicles, addressing common myths, and raising awareness about the charging infrastructure and incentives available will help build confidence. This will promote greater adoption of electric cars.

Here’s a quick summary of all that:

Key ChallengesPotential Solutions
Range AnxietyDevelop longer-range batteries
Expand charging infrastructure
Charging InfrastructureIncrease number of charging stations
Standardize charging protocols
Cost and AffordabilityReduce upfront cost through economies of scale
Decrease battery prices through innovation
Battery Technology and PerformanceInvest in battery research and development
Improve energy density, charging speed, and lifespan
Consumer Awareness and EducationEducate public on benefits and debunk misconceptions
Raise awareness about charging infrastructure and incentives

Last Words

Electric vehicles are revolutionizing the way we drive, offering a cleaner and more sustainable transportation option. In the US, the electric vehicle market has been gaining momentum with a surge in sales and adoption. 

With major automakers introducing new models and advancements in charging infrastructure, the future of electric cars looks promising. However, challenges such as range anxiety, high upfront costs, and charging infrastructure limitations need to be addressed. 

Despite these hurdles, innovative solutions, incentives, and supportive policies are paving the way for a greener and electrified future on America’s roads.

FAQs

Is electric car charging free?

No! Charging electric cars is not free. You can decide to charge at home, but that means your home electricity consumption will increase. That’s an extra cost.

But the US government has introduced incentives to reduce electric car charging costs.

What are the nearby electric car charging stations?

To find the closest electric car charging station, use websites like Chargehub.com, Plugshare.com, and EVgo.com

Can I find electric vehicles under 40k?

Yes! There are several electric cars in the US that cost less than $40,000. Others cost more, but you can consider purchasing a used car instead.