2023-06-27 13:34:58
Although the market share for hybrid and electric vehicles in the US has grown by 85.3% in the last 5 years, the latest study by iSeeCars.com reveals that the growth rate varies dramatically between states.
Could a potential adoption threshold affect the current administration’s goal of having electric and plug-in hybrid vehicles account for 67% of new vehicle sales in less than 10 years?
iSeeCars analyzed more than 20 million cars and found that the most aggressive states increased their share of the electric and hybrid vehicle market by more than 200% in the last 5 years, while the slowest growing states increased less than 50%. .
Here are the top 5 states with the fastest growth in electric/hybrid vehicles:
US states with the fastest growing share of electric/hybrid vehicles
Position (2023)
state
The 5 years % change in share of alternative fuels (2018-2023)
% Shared Alternative Fuels 2023
Position (2022)
The 5 years % change in share of alternative fuels (2017-2022)
1
Alaska
272.1%
3.8%
3
102.2%
2
West Virginia
200.9%
2.0%
16
46.9%
3
Colorado
184.9%
6.1%
11
60.1%
4
New Jersey
169.4%
3.5%
5
81.6%
5
Louisiana
152.9%
1.5%
9
60.9%
National Average
85.3%
4.1%
–
33.3%
Here are the top 5 states with the least growth in electric/hybrid vehicles:
US States with the Lowest Growth in Electric/Hybrid Vehicle Share
Position (2023)
state
The 5 years % change in share of alternative fuels (2018-2023)
% Shared Alternative Fuels 2023
Position (2022)
The 5 years % change in share of alternative fuels (2017-2022)
50
Hawaii
43.7%
5.2%
34
30.3%
49
Oregon
47.8%
6.7%
49
2.9%
48
New Mexico
53.1%
3.3%
42
17.3%
47
Vermont
53.1%
3.7%
23
44.3%
46
California
63.5%
10.1%
32
35.0%
National Average
85.3%
4.1%
–
33.3%
“It is encouraging to see the national average growth rate go from 33.3% to 85.3% last year alone, but it is concerning to see states like Oregon, California and Washington slowing down in green vehicle adoption” said Karl Brauer, executive analyst at iSeeCars.com.
“These three states lead the country in market share for electric and hybrid vehicles, but are now among the slowest to grow their market share for these vehicles.
If this pattern continues with other states, it could be very difficult to get the US anywhere near 50 percent of the market share for alternative fuel vehicles in the next 10 years.”
Key findings from the Green Car Adoption Study include:
A huge jump in overall electric and hybrid vehicle market share growth from 33.3% in 2022 to 85.3% in 2023.
Top 10 and worst states for electric and hybrid vehicle market share growth.
Which states have the highest and lowest MPG improvement over the last 5 years.
Data suggesting that as the market share of electric and hybrid vehicles grows, it is also slowing down and meeting increasing resistance.
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