During the first quarter of 2021, the number of EV sales in the U.S. was greater than 300,000. More specifically, EV sales outperformed the overall market and increased 81% when compared against Q1 2020. The following table shows the exact numbers:
The largest growth was for hybrids and plug-in hybrids. The reason is obvious. Although an increasing number of people are buying EV technology to help counter high gas prices and reduce their carbon footprint, they don’t want to risk running out of fuel when traveling, even if traveling only consists of a short commute. Federal tax credits on some popular models have been phased out, though, and that has caused a corresponding decline in sales. The pandemic also caused a decline, but it wasn’t as big as many people feared when the economy first shut down in March 2020.