MenuMENU
SearchSEARCH

EV Sales Surged in Past Two Years

Consumer demand also ballooned in period of dealership infrastructure investment in transition.

May 10, 2023
EV Sales Surged in Past Two Years

Consumer Reports data shows EV demand jumped 350% from 2020 to 2022.

Credit:

IMAGE: Pexels/Kindel Media

1 min to read


Dealerships sold five times as many electric vehicles last year as in 2020, said the National Automobile Dealers Association, citing Wards Intelligence data.

The sales report also projects that 2023 will see another big EV sales increase.

Franchised dealerships sold nearly 260,000 battery-electric vehicles last year, NADA said, up from just over 135,000 in 2021 and 53,000 in 2020.

It also cited Consumer Reports data that shows EV demand jumped 350% in the same two-year period.

NADA says dealers are the primary consumer educators when it comes to EVs and that they’re “leading the way in EV investments,” including chargers, power lines and other infrastructure.

DIG DEEPER: GM Picks Up Ex-Apple Exec

More Dealer Ops

F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
Dealer Opsby Hannah MitchellSeptember 19, 2024

Sunny Side Up

Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.

Read More →
Ad Loading...
IndustryAugust 26, 2024

Is It Time to Rethink Business Development Centers?

Their role at automotive dealerships is essential today to give salespeople time to close deals.

Read More →
Product & Technologyby Hannah MitchellAugust 22, 2024

A Backup Plan

DMS outage revealed a gap that dealers may want to fill.

Read More →
Dealer OpsAugust 20, 2024

Maximizing Revenue Potential

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.

Read More →
Ad Loading...
IndustryAugust 7, 2024

How to Optimize Liquidity in a Fluid Environment

It's wise to not take your dealership's banking relationships for granted.

Read More →
IndustryJuly 29, 2024

Unlocking the Keys to Success

Why customer retention matters now more than ever

Read More →
Dealer Opsby StaffJuly 23, 2024

Store Names First Female Dealer Principal

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.

Read More →
Ad Loading...
IndustryJuly 18, 2024

Masters in Training

Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.

Read More →