15 States With the Most EV Chargers Per Person

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In this article, we will look into the 15 states with the most EV chargers per person. If you want to skip our detailed analysis, you can go directly to the 5 States With the Most EV Chargers Per Person.

US Boosts EV Infrastructure

In the third quarter of 2023, the sales of electric vehicles in the US surged to over 300,000 for the first time, according to an article published by Reuters, on October 12, 2023. The article cites a report by Cox Automotive, which states that the sales in 2023 were reported to be nearly 2 times more compared to 2022. Electric vehicles accounted for 7.9% of the industry sales in the US in 2023. However, multiple challenges hinder the growth of the EV market including high prices and restricted charging infrastructure.

On January 19, Reuters reported that the US Department of Transportation and Energy will be making a $325 million investment across three different programs, aiming to advance EV technologies, repair chargers, and cut battery costs. Moreover, it awarded nearly $150 million for repairing and replacing around 4,500 existing electric vehicle charging ports in 20 states. The new funds for electric vehicle chargers are a part of the $5 billion National Electric Vehicle Infrastructure (NEVI) program. The program is funded by a $1 trillion 2021 infrastructure law, which says that the states must employ federally-funded EV charging ports for a minimum of 5 years operating 97% of the time. These efforts are expected to contribute positively to the US EV market.

Key Players in the US EV Market

Some of the major companies in the electric vehicle market include Tesla, Inc. (NASDAQ:TSLA), Lucid Group, Inc. (NASDAQ:LCID), and General Motors Company (NYSE:GM).

On January 31, Reuters reported that Tesla, Inc. (NASDAQ:TSLA) has decided to expand its battery production to Nevada. The company aims to bring cheaper lithium iron phosphate batteries (LFP) to the US. This strategic move by Tesla, Inc. (NASDAQ:TSLA) will reduce reliance on foreign sources for raw materials such as Nickel and Cobalt. The company will buy the equipment from Contemporary Amperex Technology Limited (SHE:300750). The new plant in Nevada will have an initial capacity of nearly 10 gigawatt-hours.

Lucid Group, Inc. (NASDAQ:LCID) is a leading EV manufacturer in the US. On November 16, 2023, the company announced the launch of its new electric SUV, Lucid Gravity luxury electric SUV. The high-performance vehicle will accommodate up to seven adults and will feature a driving range of 440 miles. Lucid Group, Inc. (NASDAQ:LCID) will start the production of the Lucid Gravity SUV in late 2024.