Category: eMobility

US Needs to Triple EV Sales to Start Reducing ICE Vehicle Fleet

Zach’s recent post on the growth of ICE and EV sales in 3Q brought up a question: How far do we have to go before EVs start reducing the total number of ICE vehicles on the road?Looking at the latest data from Hedges & Company, from 2012 (248.7 million) to 2024 (296.6 Million), the US fleet grew by an average of 4 million vehicles per year. Over the same period, sales averaged slightly over 16 million vehicles per year. In other words, roughly ¾ of sales replace vehicles taken off of the road and ¼ add to the fleet.