More electrified vehicles are hitting the road every day - "electrified" encompassing hybrids, plug-in hybrids and all-electric models. There was a massive uptick in hybrid and EV sales last year alone, according to a new study from iSeeCars. Researchers say overall 5-year EV and hybrid market share growth rate jumped from 33.3 percent in 2022 to 85.3 percent in 2022. Going back further, iSeeCars researchers say that US market share for electric and hybrid vehicles grew 85.3 percent between 2018 and 2023, nearly three times the rate it grew between 2017 and 2022.
EV/Hybrid Adoption Rates
As you'd expect, electrified vehicle adoption rates vary by state. In the new analysis, iSeeCars looks at which states have the highest market share growth, and which the least. Over the past 5 years, Alaska has seen the highest growth rate (272.1 percent) - while Hawaii the least (43.7 percent.)
Here's some of the iSeeCars findings:
- Alaska, West Virginia, and Colorado had the highest growth in alternative-energy vehicles over the past 5 years, roughly tripling their EV and hybrid market share
- States with the lowest growth in EV and hybrid share include Hawaii, Oregon, Vermont, Washington, and California
- Colorado’s large 15.1 percent jump in EV and hybrid share make it the best state for improved miles per gallon over the past 5 years, rising from 23.6 MPG to 27.2 MPG
Top 10 States With Highest EV/Hybrid Growth
iSeeCars analyzed over 20 million 1- to 5-year-old used cars on the road in 2018 and 2023 to determine the share of hybrid, plug-in hybrid, and electric vehicles in the US. Here are the top 10 states with the highest EV/Hybrid market share growth.
| US States With Highest Growth in Electric Vehicle/Hybrid Share - iSeeCars Study | |||||
| Rank (2023) | State | 5 Year % Change in Alternative Fuel Share (2018-2023) | % Share Alternative Fuel 2023 | Rank (2022) | 5 Year % Change in Alternative Fuel Share (2017-2022) |
| 1 | Alaska | 272.1% | 3.8% | 3 | 102.2% |
| 2 | West Virginia | 200.9% | 2.0% | 16 | 46.9% |
| 3 | Colorado | 184.9% | 6.1% | 11 | 60.1% |
| 4 | New Jersey | 169.4% | 3.5% | 5 | 81.6% |
| 5 | Louisiana | 152.9% | 1.5% | 9 | 60.9% |
| 6 | Wyoming | 150.9% | 2.0% | 2 | 131.2% |
| 7 | Arkansas | 148.5% | 2.2% | 4 | 94.4% |
| 8 | North Dakota | 140.8% | 1.9% | 38 | 24.9% |
| 9 | Virginia | 126.1% | 5.3% | 21 | 45.6% |
| 10 | Maryland | 123.8% | 4.9% | 7 | 68.3% |
| National Average | 85.3% | 4.1% | – | 33.3% | |
CarPro Show Metro Area Rankings
Now let's look at some CarPro Show markets. The study's rankings list a total of 187 metro areas. Show metro areas with the highest EV/Hybrid growth include Colorado Springs-Pueblo, CO, Johnstown-Altoona, PA, Montgomery (Selma), AL, Reno, NV, and Santa Barbara-San Luis Obispo, CA.
US Metro Areas’ Growth in EV/Hybrid Share – iSeeCars Study |
|||
| Rank | Metro Area | 5 Year % Change in Alternative Fuel Share (2018-2023) | % Share Alternative Fuel 2023 |
| #150 | Atlanta | 67.7% | 3.8% |
| #145 | Austin | 69.6% | 4.6% |
| #136 | Cleveland-Akron (Canton), OH | 71.6% | 2.5% |
| # 17 | Colorado Springs-Pueblo, CO | 175.4% | 4.6% |
| #175 | Columbia, SC | 44.2% | 2.2% |
| #55 | Dallas-Fort Worth | 118.1% | 3.9% |
| #82 | Houston | 104.2% | 3.4% |
| #20 | Johnstown-Altoona, PA | 167.2% | 2.3% |
| #167 | Los Angeles | 54.2% | 9.6% |
| #52 | Montgomery (Selma), AL | 119.6% | 1.8% |
| #22 | Reno, NV | 157.9% | 5.4% |
| #140 | Sacramento-Stockton-Modesto, CA | 70.3% | 8.6% |
| #121 | San Antonio | 79.8% | 2.9% |
| #10 | Santa Barbara-San Luis Obispo, CA | 211.6% | 12.9% |
| #162 | Portland, OR | 56.2% | 7.4% |
| #76 | Washington, DC (Hagerstown, MD) | 107.5% | 6.1% |
To see the full report, visit iSeeCars here.
