Gas car sales fall as more consumers buy electric vehicles

WHAT YOU NEED TO KNOW:


  • Alliance for Automotive Innovation reported that more Americans are now switching to electric vehicles.
  • Electric cars made up 6 percent of all light-duty vehicle sales during the last quarter of 2021.
  • The Biden administration has been pushing for electric vehicle adoption, creating a $7,500 tax credit for all electric and plug-in hybrid cars purchased new in or after 2010.

More Americans are ditching gas-powered cars for electric vehicles, according to report sales between October and December 2021. That’s the highest volume for any quarter on record, the Alliance for Automotive Innovation reported.

The Washington, D.C.-based trade association released a new report showing more than 187,490 electric vehicles were sold in the fourth quarter of 2021 across the country. This marked an 11 percent rise in the total sales of all electric vehicles compared to the third quarter. Sales of gas-powered cars decreased by 1.3 percent compared to the third quarter during the same period.

Sales of electric vehicles are steadily rising and now account for about 4 percent of all car sales in 2020. In 2021, it increased to about 6 percent.

Several automakers have already announced they are venturing into electric vehicles. Maserati, for one, announced its first all-electric SUV — the Grecale Folgore — on Tuesday. The e-vehicle will be available in 2023.

Automaker Stellantis will also begin selling its electric Jeep SUV series in early 2023. Ford is making additional investments of up to $20 billion over the next ten years to produce electric vehicles. 

Last month, President Joe Biden unveiled the National Electric Vehicle Infrastructure Formula Program. The bipartisan infrastructure plan provides $5 billion to states to develop electric vehicle charging stations.

The program aims to establish a nationwide network of 500,000 electric vehicle charging stations. Biden hopes it will help support his goal of getting electric car sales up to 50 percent of all car sales by 2030.  

The Biden administration has also implemented a federal tax credit of up to $7,500 for all electric and plug-in hybrid cars bought new in or after 2010. The credit amount varies based on the vehicle’s battery capacity.

California leads the U.S. in electric vehicle adoption. In 2021, the state accounted for almost 40 percent of all registered light-duty electric vehicles in the country. Florida comes in second at nearly 6 percent, Texas at about 5 percent and New York at 4.4 percent.

Source: The Hill

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3 thoughts on “Gas car sales fall as more consumers buy electric vehicles

  1. I will not buy an EV and cater to these “woke” moron Socialist Democrats! I am an American and can decide for myself what kind of vehicle that I drive. I know these people that buy these EVs can decide for their selves what they want to drive, but I’m not buying into these EVs. Our infrastructure is not set up for the recharging of these vehicles. Where are you going to get the base load power for these recharging stations, wind and solar can’t do it! Besides these vehicles are not as “green” as they all say. You still have the used lithium and other battery residuals to contend with and you still have to have fluids for lubrication to use for moving parts. If California wants to buy all of these EVs, let them. Just because California does something stupid and inane doesn’t mean the rest of the U.S. has to follow their stupidness.

  2. The World Generated More Power From Coal in 2021 Than Ever Before
    BY AMY GUNIA DECEMBER 18, 2021

    https://time.com/6129192/international-energy-agency-coal-2021-report/

    he amount of electricity generated from coal is expected to hit an all-time high this year, as electricity demand outpaces low-carbon supply options, according to the International Energy Agency (IEA). That means that the world’s climate targets may be getting further out of reach.

    Global power generation from coal is expected to jump by 9% in 2021, according to the Paris-based intergovernmental organization’s Coal 2021 report, which was released on Friday. Coal-fired electricity generation accounts for about 30% of global CO2 emissions.

  3. The average American can’t afford an electric car. The electric car is all a bunch of hype. Wait till one finds out how much the utility company is going to charge for the house hookup. Americans will be subsidizing $7500.00 in tax credits to people like the Kardashians. Those people can afford to buy electric vehicles without taxpayer subsidies. When it comes to disinformation and propaganda, America is just as bad as the Russians, and the gullible Americans eat it all up. Commie Kerry goes around preaching the world is going to end in 9 years, (no it’s not). While commie Kerry goes around preaching the world is going to end, commie Kerry goes out and buys a boatload of stock in Big Oil. Commie Kerry is a phony and a hypocrite. These same people that are buying electric cars, probably stopped eating beef. if one listens to Commie Kerry and Bill Gates, cow farts are destroying the atmosphere. Gates wants everyone to stop eating beef. See, Gates is buying up a lot of farmland and wants to grow plants that taste like beef. I’ll stick to my beef, adulterer Gates can eat his plants. I have an important question for all the elitist snobs. Since no one can get along, if I were G-D, I would think that G-D made a big mistake in creating the Earth, and all these elitist snobs re preaching to save the earth, might as well call them elitist dictators, I don’t see the difference between the dictators of the earth and the elitist dictators. What makes these corrupt elitist dictators, think that G-d wants the Earth saved?

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