CleanTechnica•about 1 month ago
US Plugin Vehicle Sales Dropped 27% Year Over Year In October
Key Takeaway
The significant drop in plugin vehicle sales signals a potential deceleration in electrification, impacting future electricity demand growth and emissions reduction targets for developers and large power consumers.
AI Summary
- •US plugin vehicle sales experienced a significant 27% year-over-year decline in October, indicating a potential slowdown in the electrification trend.
- •This deceleration in EV adoption could lead to lower-than-projected electricity demand growth from vehicle charging, impacting future grid load forecasts.
- •Developers and large power consumers should monitor these sales trends as they directly influence long-term planning for new generation, transmission, and PPA strategies.
Topics
emissionsoempolicyppa
Article Content
When it comes to the US electric vehicle market, I thoroughly cover and analyze the sales of fully electric vehicles (aka BEVs). However, I don’t typically touch plugin hybrids. Frankly, automakers don’t break out plugin hybrid data from conventional gas-powered vehicle data when plugin hybrids share a model name — ... [continued] The post US Plugin Vehicle Sales Dropped 27% Year Over Year In October appeared first on CleanTechnica .