Read This: Sky’s The Limit for EVs

Image: Ford

Electric vehicles are an important part of meeting climate change action goals in addition to their potential to clean up air pollution, yet Americans have traditionally been apprehensive about purchasing them. That is until now. As Ben Geman wrote for Axios  this week, “Even as gasoline-powered sales return from the pandemic, cars with plugs are going faster, albeit from a much smaller base.”

By The Numbers: 

  • Over 181,000 fully electric vehicles were sold worldwide in February, which is up 138% compared to February 2020, per Morgan Stanley and data partner EV-Volumes. And January’s numbers were even higher.
  • Several major automakers saw increases, including Ford, thanks to the initial deliveries of its new Mustang Mach-E.
  • Ford said in a separate release that it sold 6,614 in the U.S. despite what amounts to a cameo on dealer lots so far.

Why This Matters: Americans need a nudge to get over range anxiety as well as a financial incentive to purchase EVs. The Biden administration is attuned to these issues and in its $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, Reuters reported.  Automakers predict that half the cars sold in the U.S. by 2030 will be electric, and the Biden administration is throwing its weight behind this vision.

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