EEI Projects 78.5M EVs Will Be on U.S. Roads in 2035
In a new report, EEI updated its forward-looking EV projections. More than 78 million EVs are expected to be on the roads in 2035, which will require the support of approximately 325,000 DC fast charging ports.
The number of electric vehicles (EVs) on U.S. roads is expected to reach 78.5 million in 2035, up from 4.5 million at the end of 2023, according to an updated series of EEI projections.
The projections—based on four independent forecasts from Boston Consulting Group, Ernst & Young, Guidehouse, and PwC, as well as analysis from the National Renewable Energy Laboratory—suggest more than 26 percent of the nearly 300 million cars and light trucks expected to be on U.S. roads in 2035 will be electric.
Annual EV sales are projected to reach 7.7 million in 2030 and 12.2 million in 2035. An estimated 42.2 million charging ports—including 325,000 DC fast charging ports—will be needed to support this growth. America's electric companies already are making significant investments to expand access to EV charging, including investing more than $5.3 billion into charging infrastructure and other EV programs.
Read the full report at eei.org/evs.