You’ve probably heard it said many times in the past half decade, that we, as a Western society, are neck deep in “The EV Revolution.” In North America, that statement really does ring true, with quarterly growth since 2021 of both pure battery-electric and hybrid powertrains never dropping below 5.5%. This is mostly because North America, at the moment, is the largest market for electrically powered vehicles.
However, even with that massive surge of interest and purchases over the past 5 years, EV’s still make up less than 7% of all cars and trucks in North America, and it’s estimated that they won’t breach the 10% total vehicles barrier until at least 2027 or 2028. The news media has latched onto this and started some doom and gloom headlines in recent months.
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