In a significant development for the electric vehicle (EV) industry, the United States witnessed an impressive 79% year-over-year surge in EV sales during the first quarter of 2023. This remarkable growth has propelled the US into the position of the world's second-largest EV market, surpassing Germany and trailing only behind China. The surge in sales was primarily driven by battery electric vehicles (BEVs), accounting for 81% of all passenger EV sales, while plug-in hybrid EVs (PHEVs) constituted the remaining share. This blog post delves into the factors behind this surge and the future prospects of the US EV market.
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