What’s happening? In January, February & March of 2021, EV registrations exceeded regular vehicle registrations by 3X.
Why is this important?
- 36% increase overall new car registrations from January to April
- 95% EV registrations up over 2020 January-April
- EVs remain small part of the market at 2.3%
- 71% of new EV registrations are made by Tesla
- 38% of new EVs are registered in CA
How will this be important? Year over year the number of EVS registered keeps increasing
Market Watch | EVs are catching on—registrations were up 95% in early 2021