Consumers in the U.S. have taken longer than the rest of the world to warm up to electric vehicles, but we’re finally hitting our stride. More than five percent of all new auto sales in the last six months were all-electric vehicles, a market share Bloomberg analysts consider a “tipping point” for mass adoption.
While five percent may not sound like much, it’s proven to be a statistically significant point for other countries’ EV adoption rates. If current trends continue, the U.S. is on track for one-quarter of all new vehicle sales to leave the gas pump behind by 2025. This is, as Bloomberg notes, at least a year ahead of most experts’ forecasts for the country.
