Americans are buying electric vehicles at a record pace, undeterred by rising prices and long waits for delivery, a further indication that the twilight of the internal combustion engine is on the horizon.

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Mass market plug-in vehicle sales began in the United States at the end of 2010 with just a few models available to consumers. As new plug-in models have been introduced and production volumes have increased, sales have accelerated accordingly. It took nearly eight years to reach one million cumulative sales but just two and a half more years to reach two million cumulative sales. Just 10 months after reaching two million in June 2021, cumulative sales climbed to 2.6 million as of April 2022.

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SALZGITTER, Germany, July 7 (Reuters) - Volkswagen (VOWG_p.DE)and its partners will invest over 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting annual sales above 20 billion euros by 2030 as it seeks to beat U.S. rival Tesla which leads in the growing market.

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WASHINGTON – To support President Biden’s commitment to building out a national electric vehicle charging network and making electric vehicles accessible and affordable to more Americans, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the latest round of Alternative Fuel Corridor designations. Under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Biden’s Bipartisan Infrastructure Law, funding is directed to designated EV Alternative Fuel Corridors to serve as the backbone for the...Read More