So why have EV sales in the US been dropping almost every quarter since 2024, from a peak of ~10% of new sales down to under 6% today? Is this the “mature market” you are referring to?
For comparison, that number is 53% in China and 60-70% in most European countries. In Norway 97% of new sales are EVs.
It all makes sense when you realize that the global fossil fuel industry is going all-in on their hold out market, the USA, with astronomical levels of corruption and propaganda to keep the gas guzzlers guzzlin'.
Besides the end of the tax credit, EVs are still quite expensive in the US and there's been a jump of used EVs flooding the market (mostly from corporate fleet offloads)
> So why have EV sales in the US been dropping almost every quarter since 2024, from a peak of ~10% of new sales down to under 6% today?
Because a lot of Americans lacks financial literacy (i.e. everyone buying a brand new ICE vehicle).
Even before that godforsaken war it made no financial sense at all to buy an ICE vehicle for most purposes. Now with that war and its effects wrecking the fossil fuel markets, it's even worse.
> Even before that godforsaken war it made no financial sense at all to buy an ICE vehicle for most purposes.
If you could not charge at home then a high mileage ICE vehicle (before the war) had lower energy costs in a significant fraction of the US.
Even with home charging there were something like 10 states where a Prius beat an EV if you were paying the state average rates for gas and for home electricity.
Massachusetts was the state most favorable to ICEs. In the Boston area a Prius would have lower energy costs in the city as long as gas was under about $4.40/gal.
For comparison, that number is 53% in China and 60-70% in most European countries. In Norway 97% of new sales are EVs.