Has America Passed the ‘Tipping Point’ for Purchasing Electric Vehicles?

There is a theoretical, magic tipping point for adoption of electric vehicles. Once somewhere between 5 and 10 percent of new car sales are all-electric, some researchers say, huge numbers of drivers will follow. They predict that electric car sales will then soar — to 25 percent, 50 percent and eventually to close to 80 percent of new sales. Early adopters who love shiny new technologies will be replaced by mainstream consumers just looking for a good deal. Last year, the United States finally passed that elusive mark — 5 percent of all new cars sold in the fourth quarter were fully electric. And earlier this year, all-electric vehicles made up about 7 percent of new car sales…

If the pattern holds, the United States should start to see rapid growth in the next few years. And automakers have gone all-in on the transition. As of early 2023, U.S.-based car companies have announced about $173 billion in spending to shift to electric vehicles. Volkswagen, Ford, BMW, General Motors, and many more car companies are all making electric cars. There are more than 40 all-electric models on offer in the United States.
The article points out that in Norway, more than 80% of cars purchased are now fully electric.

For comparision, in the first half of 2023 in California, about 25% of new-car purchases were electric vehicles.