Annual sales of EVs more than quadrupled from 2020 to 2023, with a period of rapid growth beginning in 2021 and culminating in more than one million EV sales for the first time in calendar year 2023.
January 29, 2024
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Annual sales of EVs more than quadrupled from 2020 to 2023, with a period of rapid growth beginning in 2021 and culminating in more than one million EV sales for the first time in calendar year 2023. Plug-in hybrid vehicles (PHEVs) represented about 20% of all plug-in vehicle sales in 2023. They, too reached record sales in 2023, with more than 250,000 sold. Cumulative sales of new light-duty plug-in electric vehicles since 2010 reached 4.7 million in 2023.
Note: Plug-in vehicles refers to both plug-in hybrid electric vehicles and all-electric vehicles.
Source: Argonne National Laboratory, Light Duty Electric Drive Vehicles Monthly Sales Update.