Electric vehicle sales hit a tipping point in 2022 | CNN Business

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Electric vehicle sales hit a tipping point in 2022 | CNN Business
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There are a lot more electric vehicles and they aren’t just Teslas anymore, either.

Next time you’re circling a full parking lot, try to remember what you saw in it just a couple of years ago. Things are different, now. “It’s not your eyes tricking you,” said Matt Degen, an editor at Cox Automotive, a company that owns a number of auto-related websites and firms. “For the longest time, the majority of the EVs on the road were Teslas, and they still get the lion’s share of sales, but they’re now hardly the only game in town.” Electric vehicles accounted for 5.

Ford is already expanding the new Dearborn, Michigan, factory where the Lightning is built, pouring more concrete to stretch floor space even while trucks are being assembled inside. More price points The variety of EVs available for sale has also been increasing. In 2019, there were 11 EV models selling more than 1,000 units, according to Kelley Blue Book. This year, there were 26.

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