Electric vehicles have never been more popular. Just about every automaker is in the midst of an electrification effort, spurred on by impending government regulations around the world aimed at reducing our dependency on fossil fuels. But is the movement having an effect? Here in the US, plug-in vehicles are selling better than ever, despite supply chain shortages and frequent hefty dealership markups.
According to Argonne National Lab, between 2010 and the end of 2021, the US had bought more than 2.1 million plug-in vehicles, including 1.3 million battery EVs. That sounds like a very impressive number, but bear in mind that’s out of a total national vehicle pool of nearly 276 million cars and trucks. Argonne estimates that despite all these plug-ins, national gasoline consumption was reduced by just 0.54 percent in 2021.