U.S. Electric Vehicle Sales Soar Into 2024


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U.S. EV Sales Growth reflects rising consumer demand, expanding market share, new tax credits, and robust charging infrastructure, as automakers boost output and quarterly sales under the Inflation Reduction Act drive adoption across states.

 

Key Points

It is the rise in U.S. EV sales and market share, driven by incentives, charging growth, and automaker investment.

✅ Quarterly EV sales and share have risen since Q3 2021.

✅ Share topped 10% in Q3 2023, with states far above.

✅ IRA credits and chargers lower costs and boost adoption.

 

Contrary to any skepticism, the demand for electric vehicles (EVs) in the United States is not dwindling. Data from the Alliance for Automotive Innovation highlights a significant and ongoing increase in EV sales from 2021 through the third quarter of 2023. An upward trend in quarterly sales (depicted as bars on the left axis) and EV sales shares (illustrated by the red line on the right axis) is evident. Sales surged from about 125,000 in Q1 2021 to 185,000 in Q4 2021, and from around 300,000 in Q1 2023 to 375,000 by Q3 2023. Notably, by Q3 2023, annual U.S. EV sales exceeded 1 million for the first time, a milestone often cited as the tipping point for mass adoption in the U.S., marking a 58% increase over the same period in 2022.

EV sales have shown consistent quarterly growth since Q3 2021, and the proportion of EVs in total light-duty vehicle sales is also on the rise. EVs’ share of new sales increased from roughly 3% in Q1 2021 to about 7% in 2022, and further to over 10% in Q3 2023, though they are still behind gas cars in overall market share, for now. For context, according to the U.S. Environmental Protection Agency’s Automotive Trends Report, EVs have reached a 10% market share more quickly than conventional hybrids without a plug, which took about 25 years.

State-level data also indicates that several states exceed national averages in EV sales. California, for example, saw EVs comprising nearly 27% of sales through September 2023, even as a brief Q1 2024 market share dip has been noted nationally. Additionally, 12 states plus the District of Columbia had EV sales shares between 10% and 20% through Q3 2023.

EV sales data by automaker reveal that most companies sold more EVs in Q2 or Q3 2023 than in any previous quarter, mirroring global growth that went from zero to 2 million in five years. Except for Ford, each automaker sold more EVs in the first three quarters of 2023 than in all of 2022. EV sales in Q3 2023 notably increased compared to Q3 2022 for companies like BMW, Tesla, and Volkswagen.

Despite some production scalebacks by Ford and General Motors, these companies, along with others, remain dedicated to an electric future and expect to sell more EVs than ever. The growing consumer interest in EVs is also reflected in recent surveys by McKinsey, J.D. Power, and Consumer Reports, and echoed in Europe where the share of electric cars grew during lockdown months, showing an increasing intent to purchase EVs and a declining interest in gasoline vehicles.

Furthermore, the Inflation Reduction Act of 2022 introduces new tax credits, potentially making EVs more affordable than gasoline counterparts. Investments in charging infrastructure are also expected to increase, especially as EV adoption could drive a 38% rise in U.S. electricity demand, with over $21 billion allocated to boost public chargers from around 160,000 in 2023 to nearly 1 million by 2030.

The shift to EVs is crucial for reducing climate pollution, enhancing public health, and generating economic benefits and jobs, and by 2021 plug-in vehicles had already traveled 19 billion miles on electricity, underscoring real-world progress toward these goals. The current data and trends indicate a robust and positive future for EVs in the U.S., reinforcing the need for strong standards to further encourage investment and consumer confidence in electric vehicles.

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Alectra is 'leading the charge' when it comes to electric vehicles

Alectra EV Leadership Award highlights Plug'n Drive and CEA recognition for AlectraDrive, GridExchange, smart charging, and clean energy innovation at the GRE&T Centre, advancing Canadian EV adoption, utility-led programs, rate design, and smart grid integration.

 

Key Points

An award recognizing Alectra Utilities for leading EV programs and clean energy innovation driven by its GRE&T Centre.

✅ Honors utility-led EV programs: AlectraDrive @Work, @Home, GridExchange

✅ Recognizes smart grid, charging, and innovative rate design

✅ Endorsed by Plug'n Drive and CEA; SEPA and Corporate Knights honors

 

Plug'n Drive and the Canadian Electricity Association (CEA) have awarded Alectra Utilities with the 'Tom Mitchell Electric Vehicle Utility Leadership Award' for its programs: AlectraDrive @Work, AlectraDrive @Home, GridExchange, which explores models where EV owners sell power back to the grid, Advantage Power Pricing and York University Electric Bus Simulation Study. All of these initiatives operate out of Alectra's Green Energy & Technology Centre (GRE&T Centre) and align with emerging vehicle-to-grid integration pilots nationwide.

"We appreciate receiving this award from Plug'n Drive and the CEA," said Brian Bentz, President and CEO, Alectra Inc. "The work that the GRE&T Centre does is an important part of our effort to help build a clean energy future and embrace new technologies like EV charging infrastructure and vehicle-to-grid pilots to help our customers."

The Electric Vehicle Awards, now in their sixth year, recognize Ca­nadian car dealerships and electricity utilities that are leaders in the sale and promotion of electric vehicles, from dedicated education efforts like the EV education centre in Toronto to consumer events such as the Quebec Electric Vehicle Show that raise awareness. Electricity utilities are recognized based on the merits and impacts of utility led EV programs and initiatives.

Earlier this year, Alectra was named Public Power Utility of the Year by the Smart Electric Power Alliance (SEPA) and ranked third in Corporate Knights 'Best 50 Corporate Citizens', as Canadian innovators deploy V1G EV chargers that support smart, grid-friendly charging.

 

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Renewables Projected to Soon Be One-Fourth of US Electricity Generation

U.S. Renewable Energy Forecast 2024 will see wind and solar power surpass one-fourth of electricity generation, EIA projects, as coal declines, natural gas dips, and clean energy capacity, grid integration, and policy incentives expand.

 

Key Points

EIA outlook: renewables at 26% of U.S. power in 2024, led by wind and solar as coal declines and gas share dips.

✅ Wind and solar hit 18% combined, surpassing coal's 17%.

✅ Natural gas dips to 37% as demand rebounds modestly.

✅ Coal plant closures accelerate amid costs, emissions, and age.

 

Renewable energy is poised to reach a milestone, after a record 28% in April this year, as a new government report projects that wind, solar and other renewable sources will exceed one-fourth of the country’s electricity generation for the first time, in 2024.

This is one of the many takeaways from the federal government’s Short Term Energy Outlook, a monthly report whose new edition is the first to include a forecast for 2024. The report’s authors in the Energy Information Administration are expecting renewables to increase in market share, while natural gas and coal would both decrease.

From 2023 to 2024, renewables would rise from 24 percent to 26 percent of U.S. electricity generation; coal’s share would drop from 18 percent to 17 percent; gas would remain the leader but drop from 38 percent to 37 percent; and nuclear would be unchanged at 19 percent.

It was a big deal in 2020 when generation from renewables passed coal for the first time in 130 years over a full year. Coal made a comeback in 2021 and then retreated again in 2022 as renewables surpassed coal in generation. The ups and downs were largely the result of fluctuations in electricity demand during and then after the Covid-19 pandemic.

The new report indicates that coal doesn’t have another comeback in the works. This fuel, which was the country’s leading electricity source less than a decade ago, is declining as many coal-fired power plants are old and economically uncompetitive. Coal plants continue to close, and developers aren’t building new ones because of concerns about high costs and emissions, a trend underscored when renewables became the second-most prevalent source in 2020 across the U.S.

The growth in renewable energy is coming from wind and solar power, with wind responsible for about one-third of the growth and solar accounting for two-thirds, the report says, and combined output from wind and solar has already exceeded nuclear for the first time in the U.S. Other renewable sources, like hydropower and biomass, would be flat.

In fact, the growth of wind and solar is projected to be so swift that the combination of just those two sources would be 18 percent of the U.S. total by 2024, which would surpass coal’s 17 percent.

A key variable is overall electricity consumption. EIA is projecting that this will fall 1 percent in 2023 compared to 2022, due a mild summer. Then, consumption will increase 1 percent in 2024.

If demand was rising more, then natural gas power would likely gain market share because of gas power plants’ ability to vary their output as needed to respond to changes in demand.

I asked Eric Gimon, a senior fellow at the think tank Energy Innovation, what he thinks of these latest numbers.

He said wind and solar have gotten so big that it almost makes sense to track them as their own categories as opposed to lumping them into the larger category of renewables. He expects that the government will do this sometime soon.

Also, he thinks the projected increases for wind and solar, while substantial, are still smaller than those resources are likely to grow.

“My experience over the last 10 years is that the EIA tends to have flattish forecasts,” he said, meaning the federal office has underestimated the actual growth.

Some energy analysts have criticized EIA for being slow to recognize the growth of renewables. But much of the criticism is about the Annual Energy Outlook, which has numbers going out to mid-century, even as the U.S. is moving toward 30% from wind and solar by the end of the decade. The Short Term Energy Outlook, with numbers going one year into the future, has been more reliable.

Gimon said EIA is “kind of like your conservative uncle” in its forecasts, so it’s notable that the office expects to see a significant uptick in wind and solar.

Even so, he thinks the latest Short Term Energy Outlook should be read as the lower end of the range of potential increase for wind and solar.

For him to be right, the wind and solar industries will need to figure out solutions to the challenges they’ve been having in obtaining parts; they will need to make progress in dealing with local opposition to many projects and in having enough interstate power lines to deliver the electricity. And, new policies like the Inflation Reduction Act will need to have their desired effect of encouraging projects through the use of tax incentives.

It’s not much of a stretch to imagine that clean energy industries will make some progress on all of those fronts.

 

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US renewable energy hit record 28% in April.

U.S. Renewable Energy Record 28% signals a cleaner power grid as wind, solar, and hydroelectric output soar; EIA data shows cost-competitive clean energy reshaping the electricity mix and reducing carbon emissions across regions.

 

Key Points

EIA-reported April share of electricity from wind, solar, and hydro, reflecting cost-driven growth in U.S. clean power.

✅ Wind, solar additions dominated recent U.S. capacity buildouts

✅ Lower levelized costs make renewables most competitive

✅ Seasonal factors and outages lowered fossil and nuclear output

 

The amount of electricity generated by renewable resources hit a record 28% in April, a breakthrough number that shows how important renewable energy has become in U.S. energy markets as it surpassed coal in 2022 overall.

"It's a 'Wow' moment," said Peter Kelly-Detwiler, an energy analyst and author of "The Energy Switch," a recent book about the transition to a carbon-free energy economy.

The percentage of U.S. electricity produced by renewable energy from wind, solar and hydroelectric dams has been steadily rising, from 8.6% in April 2001 to this April's 28%. Those numbers were released this week by the U.S. Energy Information Administration, which tracks energy data for the nation.

What explains the surge?
There are several reasons. At the top is that wind and solar installations dominated U.S. energy buildouts.

"Basically, the only things we've added to the grid in the past decade are wind, solar and natural gas," said Harrison Fell, an economist and engineer at Columbia University, where he co-leads the Power Sector and Renewables Research Initiative.

That's happening for two reasons. The first is cost. Renewables are simply the most economically competitive power currently available, Kelly-Detwiler said.

In 2021, the cost of producing a megawatt-hour of electricity from a new wind turbine was $26 to $50. The same amount of electricity from the cheapest type of natural gas plant ranged from $45 to $74, according to Lazard, a financial advisory firm that publishes annual estimates of the cost of producing electricity. 

Federal and state mandates and incentives to increase the amount of clean energy used also help, Fell said, as renewables reached 25.5% of U.S. electricity recently. 

"When you do the math on what's the most profitable thing to add, it's often going to be wind and solar at this stage," he said.

Was weather a factor?
Yes. April tends to be a particularly windy month, and this spring was windier than most, Fell said.

There's also less power coming into the grid from fossil fuels and nuclear in the spring. That's because electricity demand is generally lower because of the mild weather and fossil fuel and nuclear power plants use the time for maintenance and refueling, which reduces their production, he said.

Another surprise was that in April, wind and solar power together produced more electricity than nuclear plants nationwide. 

Historically, nuclear power plants, which are carbon-neutral, have reliably produced about 20% of America's electricity. In April that number dropped to 18% while wind and solar combined stood at 19.6%.

The nuclear decrease is partly a result of the shutdown of two plants in the past year, Indian Point in New York state and Palisades in Michigan, as well as scheduled closures for maintenance.

Will the trend continue?
When all U.S. carbon-neutral energy sources are added together – nuclear, wind, hydroelectric and solar – almost 46% of U.S. electricity in April came from sources that don't contribute greenhouse gases to the environment, federal data shows.  

"It's a milestone," Kelly-Detwiler said. "But in a few years, we'll look back and say, 'This was a nice steppingstone to the next 'Wow!' moment."

 

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Alberta Leads Canada’s Renewable Surge

Alberta Leads Canada’s Renewable Surge showcases how the province is transforming its power grid with wind, solar, and hydrogen energy projects that reduce carbon emissions, create sustainable jobs, and drive Canada’s clean electricity future.

 

Key Points: Alberta Leads Canada’s Renewable Surge

It is a national clean energy initiative showcasing Alberta’s leadership in renewable electricity generation, grid modernization, and sustainable economic growth.

✅ Expands solar, wind, and hydrogen projects across Alberta

✅ Reduces emissions while strengthening grid reliability

✅ Creates thousands of clean energy jobs and investments

Alberta is rapidly emerging as a national leader in clean electricity, driving Canada’s transition to a low-carbon energy future. A federal overview highlights how the province has become the powerhouse behind the country’s renewable energy growth across the Prairies, phasing out coal ahead of schedule and attracting billions in clean-energy investment.

In 2023, Alberta accounted for an astonishing 92 percent of Canada’s increase in renewable electricity generation, reflecting a renewable energy surge across the province. Solar and wind developments have expanded dramatically, as new lower-cost solar contracts are signed, reducing the province’s reliance on natural gas and cutting emissions from the power sector. Alberta’s vast land area and strong wind and solar resources have made it an ideal location for large-scale renewable projects that are transforming its energy landscape.

Federal programs are helping fuel this momentum. Through the Smart Renewables and Electrification Pathways program, 49 Alberta projects have already received over $660 million in funding, with an additional $152 million announced in the 2024 federal budget. Flagship developments include the Forty Mile Wind Farm and the Big Sky Solar Power Project, each backed by $25 million in federal support. These investments are creating jobs, strengthening grid reliability, and positioning Alberta at the forefront of Canada’s clean energy transition.

Although fossil fuels still dominate Alberta’s electricity mix, a major change is underway. In 2022, coal and natural gas accounted for 81 percent of electricity generation, while renewables and other sources contributed 18 percent, and the province’s hydroelectric capacity remained comparatively small. However, Alberta has successfully phased out coal generation ahead of the federal deadline, marking a milestone achievement in the province’s decarbonization journey.

Alberta’s renewable expansion features some of the country’s most significant projects. The Travers Solar Project in Vulcan County generates up to 465 megawatts — enough to power about 150,000 homes. Indigenous-led solar initiatives are also expanding, underscoring the province’s solar power growth, supported by $160 million in federal funding that has already created more than 1,500 jobs. On the wind side, the 494-megawatt Buffalo Plains Wind Farm, Canada’s largest onshore installation, began operating in 2024, followed by the 190-megawatt Paintearth Wind facility, which signed a 15-year power purchase agreement with Microsoft.

Beyond wind and solar, Alberta is exploring new technologies to maintain a stable, low-carbon grid while addressing solar expansion challenges related to grid integration. The province is collaborating with Saskatchewan on the development of small modular reactors (SMRs) to provide reliable baseload power and support the long-term shift toward net-zero electricity by 2050. Projects integrating carbon capture and storage are also moving forward, such as the proposed Moraine Power Generating Project — a 465-megawatt natural gas plant that is expected to create more than 700 jobs during construction.

The economic potential of Alberta’s clean energy transformation is substantial. Clean Energy Canada estimates that between 2025 and 2050, the province could gain more than 400,000 new jobs in the clean energy sector — triple the number currently employed in the upstream oil and gas industry. These positions will span renewable generation, hydrogen production, grid modernization, and energy storage.

With strong federal backing, aggressive private investment, and rapid deployment of renewable energy, Alberta is redefining its energy identity. Once known for its fossil fuel resources, the province is now positioning itself as a powerhouse for both green energy and fossil fuels in Canada, demonstrating that economic growth and environmental responsibility can go hand in hand.

 

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Subsea project to bring renewable power from Scotland to England awarded $1.8bn

Eastern Green Link 1 is a 190km HVDC subsea electricity superhighway linking Scotland to northern England, delivering renewable energy, boosting grid capacity, and enhancing energy security for National Grid and Scottish Power.

 

Key Points

A 190km HVDC subsea link sending Scottish renewables to northern England, boosting grid capacity and UK energy security.

✅ 190km HVDC subsea route from East Lothian to County Durham

✅ Cables by Prysmian; converter stations by GE Vernova, Mytilineos

✅ Powers the equivalent of 2 million UK households

 

One of Britain’s biggest power grid projects has awarded contracts worth £1.8bn for a 190km subsea electricity superhighway, akin to a hydropower line to New York in scale, to bring renewable power from Scotland to the north of England.

National Grid and Scottish Power, following a recent 2GW substation commissioning, plan to begin building the “transformative” £2.5bn high-voltage power line along the east coast of the country from East Lothian to County Durham from 2025.

The Eastern Green Link 1 (EGL1) project is one of Britain’s largest grid upgrade projects in generations and has been designed to carry enough clean electricity to power the equivalent of 2 million households.

The UK is under pressure to deliver a power grid overhaul, including moves to fast-track grid connections nationwide, as it prepares to double its demand for electricity by 2040 as part of a plan to cut the use of gas and other fossil fuels.

The International Energy Agency has forecast that 600,000km of electric lines will need to be either added or upgraded across the UK by the end of the next decade to meet its climate targets, amid a global race to secure supplies of high voltage cabling and other electrical infrastructure components and to explore superconducting cables to cut losses.

The EGL1 project has awarded Prysmian Group, an international cable maker, the contract to deliver nearly 400km of power cable. The contract to supply two HVDC technology converter stations, one at each end of the cable, has been awarded to GE Vernova and Mytilineos.

The upgrades are expected to cost tens of billions of pounds, according to National Grid, which faces plans for an independent system operator overseeing Great Britain’s electricity market. The FTSE 100 energy company has warned that five times as many pylons and underground lines need to be constructed by the end of the decade than in the past 30 years, and four times more undersea cables laid than there are at present.

Britain’s power grid upgrades are also expected to emerge as an important battleground in the general election. The next government will need to balance the strong local opposition to new grid infrastructure across rural areas of the UK against the climate and economic benefits of the work.

Research undertaken by National Grid has found there will be an estimated 400,000 jobs created by 2050 due to the work needed to rewire Britain’s grid, a trend mirrored by recent cross-border transmission approvals in North America, including about 150,000 jobs anticipated in Scotland and the north of England.

Peter Roper, the project director for EGL1, said the super-cable would be “a transformative project for the UK, enhancing security of supply and helping to connect and transport green power for all customers”.

He added: “These contract announcements are big wins for the supply chain and another important milestone as we build the new network infrastructure to help the UK meet its net zero and energy security ambitions.

 

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Local study to look at how e-trucks might supply future electricity

Electrified Trucking Grid Integration explores vehicle-to-grid (V2G) strategies where rolling batteries backfeed power during peak demand, optimizing charging infrastructure, time-of-use pricing, and IESO market operations for Ontario shippers like Nature Fresh Farms.

 

Key Points

An approach using V2G-enabled electric trucks to support the grid, cut peak costs, and add revenue streams.

✅ Models charging sites, timing, and local grid impacts.

✅ Evaluates V2G backfeed economics and IESO pricing.

✅ Uses Nature Fresh Farms data for logistics and energy.

 

A University of Windsor project will study whether an electrified trucking industry might not only deliver the goods, but help keep the lights on with the timely off-loading of excess electrons from their powerful batteries via vehicle-to-grid approaches now emerging.

The two-year study is being overseen by Environmental Energy Institute director Rupp Carriveau and associate professor Hanna Moah of the Cross-Border Institute in conjunction with the Leamington-based greenhouse grower Nature Fresh Farms.

“The study will look at what happens if we electrified the transport truck fleet in Ontario to different degrees, considering the power demand for truck fleets that would result,” Carriveau said.

“Where trucks would be charging and how that will affect the electricity grid grid coordination in those locations at specific times. We’ll be able to identify peak times on the demand side.

“On the other side, we have to recognize these are rolling batteries. They may be able to backfeed the grid, sell electricity back to prop the grid up in locations it wasn’t able to in the past.”

The national research organization Mathematics of International Technology and Complex Systems (Mitacs) is funding the $160,000 study, and the Independent Electricity Systems Operator, a Crown corporation responsible for operating Ontario’s electricity market, amid an electricity supply crunch that is boosting storage efforts, is also offering support for the project.

Because of the varying electricity prices in the province based on usage, peak demand and even time of year, Carriveau said there could be times where draining off excess truck battery power will be cheaper than the grid, and vehicle-to-building charging models show how those savings can be realized.

“It could offer the truck owner another revenue stream from his asset, and businesses a cheaper electricity alternative in certain circumstances,” he said.

The local greenhouse industry was a natural fit for the study, said Carriveau, based on the amount of work the university does with the sector along with the fact it is both a large consumer and producer of electricity.

The study will be based on assumptions for electric truck capacity and performance because the low number of such vehicles currently on the road, though large electric bus fleets offer operational insights.

How will an electrified trucking industry affect Ontario’s electricity grid? University of Windsor engineering professor Rupp Carriveau is part of a new study on trucks being used to help deliver electricity as well as their products around Ontario. He is shown on campus on Tuesday, July 6, 2021.

How will an electrified trucking industry affect Ontario’s electricity grid? University of Windsor engineering professor Rupp Carriveau is part of a new study on trucks being used to help deliver electricity as well as their products around Ontario. He is shown on campus on Tuesday, July 6, 2021.

Nature Fresh Farms will supply all its data on power use, logistics, utility costs and shipping schedules to determine if switching to an electrified fleet makes sense for the company.

“As an innovative company, we are always thinking, ‘What is next?’, whether its developments in product varieties, technology or sustainability,” said company CEO Peter Quiring. “Green transportation is the next big focus.

“We were given the opportunity to work closely on this project and offer our operations as a case study to see how we can find feasible alternatives, not only for Nature Fresh Farms or even for companies in agriculture, but for every industry that relies on the transportation of their goods.”

Currently, Nature Fresh Farms doesn’t have any electrified trucks. Carriveau said the second phase of the study might actually involve an electric truck in a pilot project.

 

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