EVs Have Momentum. Let's Talk About the Bright Spots. - Veloz
Don’t buy into the headlines and naysayers. Regardless of recent government actions, there are bright spots nationwide as consumers continue to buy electric vehicles (EVs). U.S. consumers bought nearly 133,000 EVs last December, achieving a record-breaking 8.8% of all new cars sold. Florida is now the number two state in EV adoption. EV registrations in Central Florida surged 15.2% in just one year, outpacing the 9.4% national growth rate. Florida’s Orange County saw an even bigger jump — a 46% increase in fully electric and plug-in hybrid registrations from April 2023 to April 2024. In California, 2024 ended with 108,303 new EV sales in Q4 — an increase of 6% over Q4 2023 sales. The state also surpassed 2.2 million cumulative new EV sales in Q4 2024, recording 2,213,296 million EVs sold by the end of the year, up from 1,769,922 in 2023. EV’s in California had over a 25% market share by the end of 2024. While many factors influence the EV sales market, the threat of possible shifts in federal incentives may have contributed to stronger-than-expected sales in the fourth quarter. Regardless, automaker EV bets are starting to pay off.
