The U.S. electric vehicle (EV) market is experiencing significant growth, with 1.4 million new electric-car registrations recorded in 2023, a 40% increase from the previous year. First-quarter sales in 2024 reached approximately 350,000, marking a 15% year-over-year rise.
However, challenges persist, particularly regarding public charging infrastructure. A survey indicates that 36% of potential EV owners cite charging time as a barrier, while 31% mention the insufficient number of charging stations.
Public charging is essential for those without home chargers, especially urban residents and apartment dwellers. An effective public charging network is crucial for enabling longer trips and providing emergency support.
According to the 2024 HERE-SBD EV Index, states like Delaware and Massachusetts excel in EV readiness due to significant investments and coordinated policies. In contrast, states like Alaska and Arkansas face geographic and investment challenges, resulting in limited infrastructure.
The National Electric Vehicle Infrastructure (NEVI) Formula Program aims to improve charging infrastructure but has encountered delays, with only 69 NEVI-funded charge points installed by Q3 2024. Issues such as permitting delays and maintenance problems hinder progress.
To bridge the infrastructure gap, expanding public charging accessibility and reliability is vital. Collaboration among federal, state, and local governments, along with private investment, is necessary to enhance the charging network and support the transition to electric mobility.