The Alliance for Automotive Innovation today released its analysis of the US electric vehicle (EV) market for Q1 2023. More than 305,000 EVs sold in U.S. During Q1, an increase of 56% compared to Q1 2022. This means that EVs represent 8.6% of new light-duty vehicle sales in Q1 2023, up slightly from 8.5% in Q4 2022 and 5.9% in Q1 2022. While this is relatively good news, supply constraints still hinder growth. This might not be as bad as it sounds for consumers since Q1 2023 public charging data show that the installation of US public chargers is not keeping up with current and – above all – projected EV sales.

There are more than 284 million light-duty vehicles in operation (VIO) in the United States, EVs represent just 1.17% of all light vehicles in the country (~ 3.3 million EVs). EVs represented more than 1% of total VIO for the first time at the end of 2022. The EV VIO of 1.17% is an increase of 0.3 ppts since the first quarter of 2022 and nearly double the EV VIO from first quarter in 2021 (0.60%)