The electric vehicle (EV) market in the United States has experienced significant growth recently, with a record number of EVs on American roads. According to a report, despite the expiration of the $7,500 federal tax credit for new EVs, the market is likely to continue growing (www. marketplace. org → story → 2025 → 11 → 18 → why-evs-are-probably-here-to-stay-despite-end-of-tax-credits). One of the reasons for this growth is the increasing number of new EV owners, such as Chris Bendel from Colchester, Vermont, who recently purchased a 2025 Chevy Equinox EV. Bendel's decision to switch to an EV was influenced by the condition of his previous car, a 2014 Mazda CX-5, which developed rust and required costly repairs.
With the federal tax credit expiring, Bendel decided to make the switch to an EV, taking advantage of the incentives available at the time. His new Chevy Equinox EV comes with advanced features, including remote start, a dashboard array of screens, and seat warmers with three temperature levels. Bendel estimates that he will save money in the long run by owning an EV, which is a common expectation among EV owners ( ← →
The United States has been at the forefront of the automotive industry for over a century, with pioneers like Henry Ford revolutionizing the manufacturing process with the introduction of the assembly line. The country's automotive landscape has undergone significant transformations over the years, with various factors influencing the industry's growth and development.
One such factor is the growing concern for environmental sustainability, which has led to an increased focus on alternative fuel vehicles, including electric and hybrid models.
According to data from the International Council on Clean Transportation, in 2020, there were over 2 million electric vehicles on the road in the United States, with many more expected to join in the coming years (theicct. org → ). The US government's efforts to promote the adoption of electric vehicles have been instrumental in driving growth in this sector.
In 2009, the American Recovery and Reinvestment Act provided funding for the development of electric vehicle infrastructure, including charging stations.
Tax incentives, such as the federal tax credit of up to $7,500 for the purchase of an electric vehicle, have encouraged consumers to make the switch. As a result, many major automakers have invested heavily in electric vehicle technology, with some committing to electrify their entire lineups in the coming years.
Related perspectives: Check hereMost of the incentives and regulatory requirements that spurred carmakers to build more EVs are gone.• • • •
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