Interest in electric vehicles grows in the US despite declining market share
More and more car buyers in the United States are interested in electric vehicles, although their market share fell to 5.37% this year. The main factor increasing Americans' willingness to switch to electric transport is the development of charging infrastructure, InsideEVs reports, citing the HERE-SBD EV Index 2026.
Interest is growing, market share is declining
According to the publication, the share of electric vehicles in the US market decreased by nearly 3% after the tax credit expired. At the same time, according to a survey by the Alliance for Automotive Innovation, 10% fewer owners of internal combustion engine vehicles said they planned to buy a gasoline-powered car again.
About 8% of drivers of internal combustion engine vehicles said they would switch to an electric vehicle if prices and model selection were the same. Another 12% of respondents said they were ready to switch to electric transport regardless of cost. A year earlier, 6% of respondents gave that answer.
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Fuel and the charging network
About 57% of surveyed drivers named fuel prices as a factor affecting their desire to switch to electric transport. Eight out of ten current electric vehicle owners also named fuel costs as one of the main reasons not to return to cars with traditional engines.
At the same time, improvements in the location of charging stations, charging speed, and the driving range of electric vehicles have the greatest impact on consumer sentiment. Robert Fisher, senior consulting manager at SBD Automotive, said that investments in charging infrastructure are beginning to strengthen consumer confidence.
Interest in electric vehicles declined in Iowa and South Dakota, which the publication links to weak charging infrastructure. In contrast, significant growth in the EV Index was recorded in Alaska, Oklahoma, and Utah. The top five positions in the index were taken by Delaware, Washington, the District of Columbia, New Jersey, Massachusetts, and Connecticut.
