Veloz is excited to share the Q2 Electric Vehicle (EV) Market Report, which shows tremendous EV growth in California and nationwide. EVs composed 25.4% of California’s light-duty market share — which means that one in four new cars sold in Q2 2023 were electric! In Q2 2023, California’s EV sales also eclipsed the 79,129 EVs sold in Q2 2022 — a 59% increase year-over-year. California’s EV market share compared to the rest of the U.S. is now at 34%, indicating a promising and steady climb in EV sales across the nation.
Veloz is excited to share the Q2 Electric Vehicle (EV) Market Report, which shows tremendous EV growth in California and nationwide. EVs composed 25.4% of California’s light-duty market share — which means that one in four new cars sold in Q2 2023 were electric!
Veloz is proudly celebrating the shared victory of California reaching 1.5 million cumulative EV sales well ahead of earlier projections. With an astonishing 124,053 new electric vehicles sold in Q1 2023 — now California’s highest quarterly sales to date — California’s EV market drastically eclipsed the 33,165 EVs sold in Q1 2022, which is a 153% jump year-over-year. This increasingly consistent growth trend, along with California’s cumulative EV sales number exceeding 1.5 million this quarter, shows that the needle is moving quickly in the direction of 100% transportation electrification.
At Veloz, our vision is that 100% of new cars sold throughout the state and the nation are electric. We often tout ditching the gas station and charging up at home — like you do your cell phone every night — as one of the greatest benefits of owning an electric vehicle.
However, if we’re going to achieve our transportation electrification goals and bring the benefits of pollution-free, gas-free car ownership to more people, we need to find more ways to plug-in at townhouses, apartments and condos — known as multifamily or multi-unit dwellings. Installing charging infrastructure at multifamily dwellings is one of the biggest hurdles facing the transition to electric vehicles.
There are two main issues that must be overcome to make multifamily dwelling charging easier:
1. The high costs of building new charging infrastructure.
2. The logistical difficulty of retrofitting older buildings that don’t have the power capacity or panel space […]
As we watch the war unfold in Eastern Europe, our hearts go out to the people of Ukraine, our colleagues whose family and friends are in danger and the people of Russia who do not want this war. As a global community, we rely on not only the generosity and kindness of our neighbors, but also on resources and goods from countries a world away.
Russia is the third largest producer of petroleum in the world and the current geopolitical crisis illustrates how imperative it is to transition away from a fossil-fuel based economy for the health and safety of all people and our planet. At Veloz, an important part of our mission is to eliminate our dependence on oil by replacing all gas-powered vehicles with electric vehicles (EVs) in California and beyond.
To do that, we need to think globally and act locally […]
Used electric vehicles are selling like hot cakes and are cheaper than comparable used gas cars! However, due to the technology being relatively new along with COVID-19 supply chain impacts, some unique trends are underway within the used EV market. According to Recurrent, two big trends are: 1) a low inventory of pre-owned EVs and 2) a global shortage of silicon chips, which EVs use ten times as many of. Dealerships that reduced supply during the COVID shutdown are now racing to replenish their used EV inventory. Recurrent reports that dealerships are so hungry for supply that some are going so far as to reach out directly to former customers to try encouraging them to sell back or trade-in their EVs.
On the bright side, approximately 70% of U.S. annual car purchases are used cars. This represents a huge market for EVs to tap into. With the combination of more and more early adopters’ three-year leases expiring and a huge new crop of increasingly affordable EVs hitting the market, the good news is that there will be used EVs starting as low as $10,000 soon […]
Electrified transportation is inevitable. Talk to anyone in the industry. We know it, and so do those who have a lot of money invested in fossil fuels. Some are moving quickly to adapt, while others are fighting the transition. To quote President Obama, “Hard things are hard.” A transition to an all EV future is hard but necessary. Recently, a private consulting group in the Midwest released a study claiming electric cars cost more to fuel than gas cars. It got some media traction, and a lot of pushback and scrutiny of their assumptions such as accounting for free charging at commercial rates. Car and Driver does a stellar job setting the record straight, however you can be sure that the study top-lines will be used again and again by those aiming to delay or derail electric vehicles. At Veloz, we are busting disinformation. We have the facts on our side and are laser-focused on making sure consumers are not fooled. That’s why we launched our EV mythbusting website and are planing a new Electric For All Mythbusters-style education campaign for next year […]
The federal bipartisan infrastructure bill’s recent Senate passage is a promising step toward building an accessible, abundant and reliable nation-wide EV charging network. Combining its $7.5 billion investment with the Department of Transportation’s $5 billion earmark for state and local grants marks an important leap forward in solving the chicken and egg challenge of electric vehicle adoption. Even when these federal investments are coupled with individual state’s infrastructure funding, more is needed. $87 billion more to be exact, according to Atlas Public Policy. GridLab, Energy Innovation, Lawrence Berkeley National Lab and UC Berkeley project even higher. Utilities, automakers and EV charging providers are investing big and need to go bigger. This is a complex challenge though, so how we spend those dollars is as important as how much we spend. There is, of course, both risk and opportunity, so we must proceed wisely and swiftly.
We need to accelerate the shift in the EV market from the early adopters phase to the early majority […]
Recently the National Highway Traffic Safety Administration (NHTSA) announced it’s launching an investigation into Tesla’s autopilot system. Autonomous driving technology, like all breakthrough innovation, is disruptive and will have setbacks before leaps. The government’s role is to protect the public which, in this case, requires intense scrutiny, as well as incentives and support, for a technology that could provide extraordinary public health and safety benefits. With both public policy and industry leaders at our table, Veloz sits at the nexus of these two, sometimes conflicting, needs […]
Fully vaccinated and freshly charged, our family will hit the road in our EV this 4th of July with a new appreciation for independence. It’s been a long year at home with three kids, three cats and three turtles but we have been luckier than most. We have our independence, health, and security for which we are very grateful. What has become completely evident to me in the last year is how integral our EV is to all three.
For instance, we lost power during the rolling blackouts of the 2020 California extreme fires. Remember the sky last fall? Oh right, no one could see it because of the dense orange smoke full of toxic particulates. We had to wear masks on top of our masks. What a year! But our lives went on with Zoom classes and meetings and, using our phones as hot-spots, we were able to still communicate with those we love because we luckily had a backup battery to charge all our devices—in the form of our car! The potential for EVs to play a critical role as backup power for our homes and the grid is enormous. Automakers know this. Ford’s recent debut of its all-electric F-150 Lightning features its ability to provide full-home backup power for up to three days and, depending on usage, even up to 10 days. Lawrence Berkeley National Lab scientists are researching and demonstrating the EV to grid capabilities at Flexlab – the world’s most advanced integrated building and grid technologies test bed. Long duration storage (10-100 hours) is a linchpin in the transition to carbon neutrality by 2045. EVs could provide one solution.
Then there is the money saved […]