California Reaches 2 Million Electric Car Sales, 26.4% Market Share

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California simply handed a serious milestone. Within the third quarter, it reached 2 million cumulative electric vehicle sales. By the tip of the quarter, it had gotten to 2,113,135 EV gross sales. That’s additionally 39% of USA’s 5,466,139 cumulative EV gross sales. California is a big state, and can be the 4th largest economic system on this planet if it was its personal nation, nevertheless it has been performing effectively above its weight within the EV sector.

Information from the California Power Fee (CEC) point out 115,897 electrical automobiles have been registered within the state within the third quarter. EV market share nearly rose to a brand new file. At 26.4% share of the California new auto market, it was the second finest quarter in historical past in that regard.

California accounted for 30.3% of the US EV market final quarter. Whereas that’s nonetheless an enormous portion of US EV gross sales, it does present that the remainder of the nation is lastly catching up a bit and promoting an increasing number of EVs (since that’s about 9 proportion factors behind California’s long-term EV market share).

Throughout the US, EV share of the auto market reached 8.9% within the third quarter.

The additional excellent news is: the third quarter is commonly a weaker quarter. “Historically, Q3 has often seen a decline in total light-duty vehicle sales due to seasonal economic factors, including reduced consumer spending during summer months. In Q3 2024, while total California’s new light-duty vehicle sales experienced a decline, EV sales showed a comparatively smaller drop, resulting in an increased market share,” Veloz writes. “This trend underscores the growing consumer preference for EVs, even in challenging market conditions, highlighting the stability and increasing appeal of EVs compared to internal combustion engine vehicles.”

The group provides some notes on the significance of the US NEVI program to continued EV gross sales progress, together with in California. “Entry to dependable public charging is likely one of the commonest limitations to EV adoption and the Nationwide Electrical Automobile Infrastructure (NEVI) program is instrumental to the growth of California’s EV charging community. California’s NEVI Deployment Plan outlines a technique for utilizing the state’s $384 million share of federal NEVI funds to develop a community of high-powered DC quick chargers alongside federally designated Different Gas Corridors.

“As of August 2024, California has installed over 150,000 public and shared private EV chargerscomprising 137,648 Level 2 chargers and 14,708 fast chargers, demonstrating its leadership in EV infrastructure. Additionally, more than 500,000 private home chargers have been installed across the statefurther supporting the growing adoption of electric vehicles. In September 2024, California awarded over $32 million in federal funds to install and maintain 458 direct-current fast chargers along interstates and highways, enhancing the reliability and accessibility of EV charging for drivers statewide.”

Certainly. California and the US as a complete can proceed seeing robust EV gross sales progress, simply as different locations have. China is now at 30% EV market sharewhereas Norway is at 94%. There’s no cause California can’t attain these ranges — China’s degree very quickly and Norway’s by the tip of the last decade. And hopefully the US as a complete received’t be too far behind.