Most Important Factors Currently Driving the EV Market

March 9, 2022

Electric vehicle (EV) awareness and sales have been steadily growing over the past decade. According to the latest forecast published by AutoPacific, a respected future-oriented automotive marketing research and product-consulting firm for vehicles in the U.S. market, fully electric light vehicle sales are currently estimated at their highest yet. With sales of 700,000 units forecasted for 2022, the report suggests a continuing upward trend for the next six years. But what are the factors currently driving this demand?

U.S. drivers, like others globally, certainly want the most value for their buck. Traditional economic aspects such as gas prices play a significant role; however, the recent pandemic caused consumers to change their driving habits radically. According to the Environmental Protection Agency, the transportation industry in the U.S. is responsible for 55% of nitrogen-oxide emissions. Reducing greenhouse gases emitted from cars and trucks improves air quality. EV’s main components, a motor, reducer, battery, on-board charger, and electric power control unit, distinguish them from internal combustion engines, thereby eliminating the need for the engine and transmission, which exhausts fossil fuel to generate power.

Advancements in charging technology are a significant contributing factor to the increasing popularity of electric vehicles. EV solutions companies such as Enel X are committed to preserving the environment while continuously adapting to the changing needs of consumers in a digitalized world. EV chargers are breaking ground and opening energy to new uses, focusing on decarbonization, digitalization, and renewable energy.

AutoPacific’s forecast predicts total EV sales to rise to more than 900,000 in 2023, after that accelerating over the following four years, hitting 2.5 million in 2027. There is no denying that the advantages of driving and maintaining an EV vehicle, such as better driving experience and renewable electricity tariffs, will, in the long run, have a positive effect on U.S. consumers. “Green vehicles” are the natural choice for the future of driving. The stakes are growing, and EVs are pushing into the mainstream, providing consumers with faster, more connected, and user-friendly products designed to satisfy commercial fleets and at-home charging.

Looking to buy an EV charger for your home or business? State Electric Company has EV charging stations in stock and ready to ship for immediate use. Call and speak to a rep today (866) 976-8890 for more information.

State Electric Company is a leader in the electrification of the nation. Our highly educated and experienced team of professionals uses industry-leading software technology and has partnered with manufacturers to deliver affordable solutions for all your electrical needs. State Electric Co. is also an exclusive distributor for Enel X JuiceBox EV chargers for residential and commercial use. We are fully licensed, insured, and bonded to install charging stations for homes, offices, hotels, and more. With our extensive knowledge in renewable energy, our team provides customers – large or small – with efficient electrical solutions. Contact us today to learn how we can safely and affordably meet your energy needs.

Written by the digital marketing staff at Creative Programs & Systems: https://www.cpsmi.com/.