EVs made up more than 10% of all sales in third quarter of 2023

Data released Tuesday shows the sale of light-duty electric vehicles rose in the third quarter of 2023.  

According to a quarterly report from the Alliance for Automotive Innovation, automakers were able to sell 378,000 electric vehicles in the United States, representing 10.1% of all sales of light-duty vehicles. Over 145,000 more EV units were sold than during the same period in 2022, representing a 63% increase. 

The report is a positive sign for EV sales after major automakers reported that demand was slacking. Some car manufacturers, such as General Motors and Ford, have reduced buildout of the vehicles in response.

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The report, however, underlines the lack of public charging infrastructure, noting that current chargers are at 12% of what is estimated to be needed to support the buildout of EVs by 2030. In order to support projected sales, 414 charges will need to be installed every day for the next 7.2 years, or nearly three chargers every 10 minutes through the end of 2030. 

Although EV supply has exceeded demand, sales have been on the rise over the long term, with the sales of passenger EVs up 36% from 2022, according to a report from BloombergNEF. 

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