The third quarter of 2022 saw EV sales of over 200,000 in the United States, setting a new record. Electric car sales grew faster than any other auto industry segment. According to the Electrified Light Vehicle Sales Report, Americans bought 67% more electric vehicles in the third quarter than in the year-ago period.
Boosted by government funding and the appeal of its sustainable nature, the EV industry has seen impressive growth over the past few years. The Bipartisan Infrastructure Law has introduced the National Electric Vehicle Infrastructure (NEVI) Formula Program, which makes $5 billion available over five years, and is said to help build a convenient, reliable, and affordable EV charging network across the United States to boost EV adoption.
