THE ENERGY INDUSTRY
IN CHARTS
Figure 7.1: U.S. Quarterly EV Sales by Parent Company (Q1 2020 - Q2 2023)
Source: Altas EV Hub, Automakers Dashboard
- With EV sales continuing to grow, the United States is expected to sell more than one million EVs in 2023.
- Tesla remains the dominant brand, accounting for nearly half of all EVs sold through 1H 2023.
- However, EV adopation varies dramatically by geography.
Figure 7.2A: EV Market Share of New Vehicle Sales by State (Q2 2023)
Source: Altas EV Hub, Automakers Dashboard
Figure 7.2B: States Over 10% EV Market Share of New Vehicle Sales (Q2 2023)
Source: Altas EV Hub, Automakers Dashboard
Figure 7.3: U.S. Public Electric Vehicle Charging Infrastructure (No. of Charging Ports and Station Locations)
Notes: Data snapshots were taken each year in December, as close to the end of the year as possible.
Between 2007 and 2013, the electric vehicle charging station counts are an estimate of the number of geographic locations (i.e., station locations) based on the number of charging ports, because station counts were not captured in these years. Charging port counts include available legacy, Level 1, Level 2, and DC fast-charging ports through 2021. Beginning in 2022, charging port counts include both available and temporarily unavailable legacy, Level 1, Level 2, and DC fast-charging ports.
Source: Alternative Fuels Data Center
Figure 7.4: Non-Tesla Public DC Fast-Charging Networks Change in Satisfaction
Sources: Plug In America
- Drivers have access to a growing number of public charging ports and station locations across the United States.
- However, customers report myriad challenges when attempting to use non-Telsa DCFC charging stations.
- In 2023, nonfunctional or broken chargers was the most cited customer complaint, followed by charging locations being too far apart.
Figure 7.5: Tesla Model Y and Model 3 Price Differential vs. U.S. Benchmark Transaction Price (in $)
Note: Differential shows the price of each Tesla base model minus the average transaction price for a new vehicle in the United States for the prior month.
Sources: Bloomberg Green; Tesla; Edmunds
Figure 7.6: DC Fast Charger Additions by Year (2011-2023)
Source: Alternative Fuels Data Center
- Tesla is currently offering the Model Y and Model 3 at prices (before tax credits) less than the average price of a new vehicle.
- According to Cox Automotive, the Model Y is the top-selling SUV and the Model 3 is the second bestselling passenger vehicle year-to-date through Q3.
- Tesla also accounts for more than 60% of the DC fast-charging ports installed in the United States.