Electric vehicle sales: Automakers Unleash Rival EV Charging Network

Electric vehicle sales: Seven major manufacturers are building a North American EV charging network to compete with Tesla’s and boost fast-charging ports in the U.S. and Canada. General Motors, BMW, Honda, Hyundai, Kia, Mercedes, and Stellantis will invest billions to build “high power” charging stations with at least 30,000 plugs in metropolitan and important transport routes by 2030.

This new cooperation aims to expedite electric vehicle adoption and alleviate concerns about long-distance charging. The manufacturers want to build North America’s largest network of reliable, high-powered charging stations.

The network will include 1,500 to 3,000 stations with 10 to 20 charging connections each. The DOE reports 2,050 stations and 22,000 plugs in Tesla’s U.S. and Canadian network.

The seven automakers’ collaborative venture will be open to all electric vehicle owners, unlike Tesla’s proprietary charging network. The network will also include Tesla’s North American Charging Standard outlets and other automakers’ Combined Charging System plugs.

Analysts expect this robust charging infrastructure to boost North American EV sales. S&P Global Mobility analyst Stephanie Brinley said the network launch is reassuring EV purchasers regarding long-distance charging.

Electric vehicle sales

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The automakers will also prioritize renewable energy to power the chargers and provide convenient places with other facilities for EV users. This network will require time, money, and specialized electrical wiring.

This ambitious collaboration underlines their shared commitment to the EV revolution. Other manufacturers have teamed with Tesla to provide their EVs access to its huge charging network. Since automakers acknowledge the need for more inclusive charging infrastructure, this network does not threaten Tesla.

The automakers want to fund this big project using bipartisan infrastructure package money from the U.S. Stellantis CEO Carlos Tavares underlined the necessity for a large-scale charging network to match predicted electric vehicle sales and sustain consumer mobility.

North American EV sales are booming. EVs represented 7.2% of new car sales in the first half of the year and expected to reach over 1 million sales this year, 14.4% in 2025, and close to 40% by 2030.

By 2032, greenhouse gas emissions may need 67% of new automobile sales to be electric.

Finally, this automakers’ collaboration advances electric mobility, provides seamless charging solutions for the burgeoning EV industry, and promotes sustainable transportation options for the future.

Our Reader’s Queries

Are EV car sales down?

Despite efforts to address concerns, sales have slowed significantly for electric vehicles. By June 2023, the sales pace had dropped to 50% year-over-year, and last month it fell even further to 35%. As a result, some automakers are reconsidering their expensive EV strategies as the year draws to a close.

What percentage of car sales are electric?

Electric vehicles have seen a significant surge in popularity in California, accounting for 21.5% of cars sold in the first nine months of 2023. This figure has more than doubled in just two years. When considering hybrid, plug-in hybrid, and fuel-cell vehicles, the year-to-date figure reaches an impressive 35.4%. This trend highlights the growing demand for eco-friendly transportation options in the state.

What is the number 1 selling EV car?

The U.S. market for electric vehicles (EVs) is growing rapidly, with several models leading the charge. The top-selling EVs in the country include the Tesla Model Y, which saw a 32% increase in sales year-over-year, and the Tesla Model 3, which grew by 74%. The Ford Mustang Mach-E also made a strong showing, with a 45% increase in sales. The Chevy Bolt EV/EUV rounded out the top four, with a 54% increase in sales. These models are leading the way in the EV market, as more and more consumers look to make the switch to electric.

How many electric cars are in the US 2023?

In a historic milestone, Americans bought a whopping one million fully electric vehicles in 2023, marking the first time such a large number of EVs were sold in a single year in the country. As per a report by Bloomberg New Energy Finance, over 960,000 purely electric vehicles were sold until October. This surge in EV sales is a testament to the growing popularity of eco-friendly transportation options among Americans.

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