Electric Vehicles
Just 4% of North American Car Production Is Electric
The bulk of US assembly lines are still churning out inefficient vehicles, keeping EVs largely unaffordable and unavailable.
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For those with their hearts set on buying an electric car, here’s the critical math: Somewhere around one quarter of US drivers want one, but just 4% of the vehicles coming out of American factories fit the bill.
North American factories stamped out 7.4 million cars and trucks in the first half of this year, but only 323,000 of them were battery-powered, according to BloombergNEF and market forecaster LMC Automotive. That calculus is contributing to the dearth of affordable electric options, and means it will likely be years before everyone in the US with EV dreams is able to realize them.