Happy 4th of July!  Boy, where is this year going?  I hope you have a great holiday weekend and enjoy a new sense of independence as the pandemic restrictions lift as more and more people get vaccinated.  I know though that some of you receiving this are not yet vaccinated so please go do it now.  You don’t want to get the Delta strain and/or infect anyone else including my grandsons who are still too young to get the shots.  The consequences of NOT getting vaccinated are exponentially greater to you and society then refraining from the shot(s).  

OK, I’ll get off my soapbox.  While the headlines this week have mostly been about frightenly severe weather I’m going back to automotive news today before sharing these other headlines later.

I know that some, or even many, of you will discount the fact that electric vehicle (EV) registrations are ONLY 2.3% of the total.  Same as you did when they were .2% or .75% or even 1.9%.  But the fact is they have to be at 2.3% before they can get to 100%!  And the rate of growth is increasingly greater.  I’ve linked the following article but here’s some of the data:


“In a recent Pew Research Center survey, 7% of U.S. adults said they currently have an electric or hybrid vehicle, and 39% said they were very or somewhat likely to seriously consider buying an electric vehicle the next time they’re in the market for new wheels.”


“As of 2020, nearly 1.8 million EVs were registered in the U.S., more than three times as many as in 2016, according to the International Energy Agency (IEA).”



Today’s electric vehicle market: Slow growth in U.S., faster in China, Europe


As more and more manufacturers offer a vast number of new electric options their market share will grow.  My advice is to think twice about buying another internal combustion engine (ICE) vehicle.  As demand for them wains, so will their resale/trade in value.  Here’s the scoop from the following article.


“The number of electric vehicles registered in the U.S. nearly doubled in the first four months of 2021 as overall registrations climbed 36 percent.

Registrations of battery-electric vehicles jumped 95 percent to 133,509 in the January through April period from the same period of 2020, according to Experian data. That gave EVs 2.3 percent of the market, up from 1.6 percent last year.”


Scroll down past the following article for this weeks headlines.  I know that there are still a few people that get this blog that still believe the few scientists that claim that what is happening is entirely natural and normal.  Well, tell that to anyone that lives out West especially in Portland, Oregon, Seattle or British Columbia.

EV Share Jumps to 2.3% as Registrations Surge

Their registrations have risen nearly three times faster than overall vehicle registrations in the U.S. through April.

FranklyTalking © 2024 All rights reserved.