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- More than 17 million electric cars were sold worldwide in 2024, 20 percent of all new cars purchased were electric vehicles.
- Urban and commuter corridors lack sufficient high-speed charging
- Long wait times and unreliable stations hurt user confidence
- The total cost of ownership is lower for an EV than for a gas-powered vehicle in the United States.
- Growing EV market share: By the third quarter of 2024, the combined market share for all electrified vehicles (EVs, PHEVs, and HEVs) reached a record 21.2%.
