EV sales pick up in NC and Southeast and the industry grows here, too

By David Boraks · WFAE

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A new SACE-commissioned report shows electric vehicle sales grew 50% in the Southeast over the past year, with North Carolina leading at 56% growth. Stan Cross, SACE's electric transportation program director, notes that the region has crossed the critical 5% EV market-share threshold where consumer adoption accelerates. The Southeast has also captured 40% of the nation's EV and battery manufacturing investment, with $60 billion in announced projects creating over 65,000 jobs.

When you look at disruptive technologies, historically, that have come to market, that 5% market share is a critical threshold. At that point, you begin to have enough of that technology in the market where consumers begin to pay attention and begin to adopt, beyond just those early adopter-type consumers
Stan Cross

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