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As the global automotive industry pivots towards a more sustainable future, the U.S. electric vehicle (EV) market has shown remarkable growth in 2023, a trend that analysts expect to continue in the coming years.
In 2023, U.S. EV sales saw a notable increase, reaching 1.6 million units, up from the 1.1 million sold in 2022. This uptrend is projected to persist into 2024, with sales forecasted to hit 1.9 million units, representing a significant 13% of the new-car market. Interestingly, this growth trajectory seems resilient, even in the face of stricter federal tax-credit rules.
Despite these positive national trends, the U.S. still trails behind on the global stage, accounting for just 11% of worldwide EV sales. The global market is anticipated to grow by 21% in 2024, with a staggering 70%…
Read the full article originally published at cleantechnica.com.