Registrations by Fuel Type
Headline Target: No country wide bans or targets
Car Manufacturing Country: General Motors, Ford Motors, Stellantis, Tesla, Rivian AutoMotive Inc., Lucid Motors.
Purchase Incentives for Cars: Federal Tax credit scheme for new and used vehicles. Many state-wide incentives
Supplier Regulation Policy: Emissions performance standard (tightening CO2 regime)
Infrastructure Incentives: Tax credit scheme for home chargers.
The USA has long lagged behind China and Europe in the transition to EVs - although it has seen a spurt in growth and due to its overall size, is the second largest EV market.
The federal government has enacted a number of policies, including the Inflation Reduction Act which attached increasingly strict country-of-origin stipulations to the federal tax incentives given to the consumers who chose an EV. This kick started a race for battery supply chain funding and investment in the USA.
Wide divergence in state-level support causes a very uneven transition - whilst California, New York and others offer a raft of supply and demand side policies, Texas not only has no incentives, but charges more to register an EV than ICE vehicle.
The USA must increase EV market share, partly by helping lagging states to catch up. Policies such as a federal phase out date for the sale of petrol and diesels would help to channel investment.
Latest 12-Month Period (vs Preceding 12-Month Period)
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Latest Month (vs Same Month in Previous Year)
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