United States Now Second Largest EV Market After China
The United States is now the second-largest electric vehicle market behind China after years of falling behind Europe in terms of use.
Americans had been slower than other advanced nations to accept electrified transport, but the EV market has gained momentum due to political pressure and government subsidies.
Every state now has plans to construct a network of EV charging stations with funding from the Biden administration’s Infrastructure Investment and Jobs Act (IIJA).
The U.S. auto industry is also investing millions to build new EV manufacturing plants alongside battery production and EV component processing infrastructure, which was spurred by financial incentives from Inflation Reduction Act (IRA)….