West Coast hubs have intensified efforts to expand and improve infrastructure and market conditions to support larger-scale EV adoption, according to a study. ‘
In fact, California claims almost half of the spots in the top 20.
In terms of EV adoption, California is far ahead of any other US state. But Florida and Texas are picking up speed, now boasting over 128,000 and 112,000 EV registrations.
Doug Ressler, business intelligence manager at Yardi Matrix, a research firm and our sister company, offered some insight into recent trends shaping the EV landscape.
“The electric car movement is gaining momentum, but it is not without its challenges. The high price of an EV, though reduced by incentives now, range and charging stations still pose some issues.
However, with the expansion of the charging network, including in apartment buildings, and the gradual reduction in the price of electric vehicles, the purchase and use of an electric vehicle may become commonplace for the foreseeable future.
By 2045, electric vehicles are projected to dominate most of the car market. Also, by 2050, electric vehicles might account for around 90% of the car market.”