Oct 12, 2018

The U.S. is about to hit an electric vehicle milestone

An electric vehicle charging station in California. Photo: Frederic J. Brown/AFP/Getty Images

Sale of the one millionth electric vehicle in the U.S. is likely to occur this month, according to an estimate by the group Securing America's Future Energy (SAFE) that's based on data compiled by Inside EVs.

Why it matters: It's a symbolic threshold that signals growing adoption of the technology, even though it remains a small part of the overall U.S. market.

By the numbers: SAFE said automakers sold more than 110,000 EVs in the third quarter of 2018, a remarkable 108% rise from the same 3-month stretch in 2017.

  • A large majority of those — over 80,600 — were pure electrics, while plug-in hybrid (PHEV) sales were over 29,000.
  • Tesla's Model 3 was by far the top-seller in Q3, followed by its Model S; Model X; the Toyota Prius PHEV; the Chevy Volt PHEV; the Honda Clarity PHEV, the Nissan Leaf and the Chevy Bolt.

What they're saying: Ben Prochazka, VP of the Electrification Coalition, a sister organization to SAFE, said in a statement:

"The imminent sale of the one-millionth electric vehicle (EV) is a major milestone and brings us one step closer to reducing our transportation systems dependence on oil. This a direct result of the tireless efforts by communities and advocates throughout the 'EV ecosystem.While this momentum is a great moment in the push for the accelerated adoption of EVs, we need to continue to push for policies and support ongoing efforts to make the future of transportation electric."

Go deeper: SAFE analyst Paul Ruiz has more on the data here.

Go deeper

Situational awareness

Photo: Drew Angerer/Getty Images

Catch up on today's biggest news:

  1. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  2. Trump misrepresents 2020 Russia briefing as Democratic "misinformation"
  3. Bernie Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"
  4. Nearly half of Republicans support pardoning Roger Stone
  5. Scoop: Lyft acquires cartop advertising startup Halo Cars

Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"

Photo: Mario Tama/Getty Images

Bernie Sanders told CBS "60 Minutes" that he was surprised by Mike Bloomberg's lackluster performance at Wednesday's Democratic debate.

What he's saying: "If that's what happened in a Democratic debate, you know, I think it's quite likely that Trump will chew him up and spit him out."

Scoop: Lyft acquires cartop advertising startup Halo Cars

Photo: Drew Angerer/Getty Images

Lyft has acquired Halo Cars, a small startup that lets ride-hailing drivers earn money via ad displays mounted atop their cars. Lyft confirmed the deal but declined to share any details.

Why it matters: Ride-hailing companies are increasingly eyeing additional ways to generate revenue, and Lyft rival Uber has been quietly testing a partnership with New York-based Cargo that gives it a cut of the advertising revenue, as I previously reported.