EV share of the new-vehicle market flattened out at 7.1 percent across the first half of the year after growing steadily in 2021 and 2022, according to U.S. new-vehicle registration data from Experian.
Is the party over? Hardly.
But in the fast-growing U.S. market of the moment, as microchip supplies improve and the production of popular gasoline-engine autos returns in force this summer, EVs are no longer outpacing the rest of the car business — at least for now.
EVs' share of the market reached 7.1 percent in January with 87,708 new registrations out of 1.24 million light vehicles, Experian said. Through the first half of the year, that share was still at 7.1 percent with 546,651 new registrations out of 7.66 million total. In 2022, EV market share was 5.6 percent for the full year and 3.1 percent in 2021.