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EV Sales Just Hit Their Highest Level Ever in the U.S.

Jacob Lambert •
11/27/2023
A Tesla dealership.
Heatmap Illustration/Getty Images

In case you needed more convincing that buyers still like EVs just fine, sales of electric and hybrid light-duty vehicles in the U.S. rose to their highest-ever level in the third quarter of 2023, according to data released Monday by Wards Intelligence. Electric-powered vehicles (including those that are hybrid, plug-in hybrid, and purely battery-powered) made up 17.7% of all light-duty vehicle sales during that time period, while sales of gas-powered light duty vehicles fell to an all-time low of 82%.

The diverging trends were driven in part by falling prices for cleaner cars. The average cost of a battery-powered light-duty vehicle was just a hair over $50,000 in the quarter, well below their peak of $66,390 from the second quarter of 2022. That said, the numbers show that for most people, cleaner driving is still a luxurious experience — thanks in part to brands like Tesla and Rivian, battery-electric vehicles now make up 34% of the total luxury vehicle market, but are still just 2% of non-luxury sales.

For EVs to gain true mainstream adoption, those numbers will have to change. As Heatmap’s Emily Pontecorvo recently pointed out, most of the top EV-purchasing counties in America are among the country’s wealthiest, and existing research points to a correlation between income and EV early adopter status.

Regardless of who’s buying, though, the overall numbers are good. So far in 2023, 15.8% of light-duty vehicles sold were hybrids or EVs, up from 12.3% in 2022, and 8.5% in 2021. Numbers like these point to real momentum in the clean-driving space. As Jesse Jenkins wrote recently for Heatmap, all-electric vehicle sales have grown by roughly a 60% annualized rate for the past six quarters — that’s “fast enough to double EV sales every 14 months!”

I’m not saying EVs don’t face real obstacles in the consumer marketplace, from a lack of charging stations to partisan rancor to comically bad design. But if these numbers aren’t enough to make you feel at least a little bit of excitement, that’s on you.

Jacob Lambert profile image

Jacob Lambert

Jacob is Heatmap's founding multimedia editor. Before joining Heatmap, he was The Week's digital art director and an associate editor at MAD magazine.

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Sparks

These 21 House Republicans Want to Preserve Energy Tax Credits

For those keeping score, that’s three more than wanted to preserve them last year.

Jillian Goodman •
03/10/2025
The Capitol.
Heatmap Illustration/Getty Images

Those who drew hope from the letter 18 House Republicans sent to Speaker Mike Johnson last August calling for the preservation of energy tax credits under the Inflation Reduction Act must be jubilant this morning. On Sunday, 21 House Republicans sent a similar letter to House Ways and Means Chairman Jason Smith. Those with sharp eyes will have noticed: That’s three more people than signed the letter last time, indicating that this is a coalition with teeth.

As Heatmap reported in the aftermath of November’s election, four of the original signatories were out of a job as of January, meaning that the new letter features a total of seven new recruits. So who are they?

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Green
Sparks

The Country’s Largest Power Markets Are Getting More Gas

Three companies are joining forces to add at least a gigawatt of new generation by 2029. The question is whether they can actually do it.

Matthew Zeitlin •
02/26/2025
Natural gas pipelines.
Heatmap Illustration/Getty Images

Two of the biggest electricity markets in the country — the 13-state PJM Interconnection, which spans the Mid-Atlantic and the Midwest, and ERCOT, which covers nearly all of Texas — want more natural gas. Both are projecting immense increases in electricity demand thanks to data centers and electrification. And both have had bouts of market weirdness and dysfunction, with ERCOT experiencing spiky prices and even blackouts during extreme weather and PJM making enormous payouts largely to gas and coal operators to lock in their “capacity,” i.e. their ability to provide power when most needed.

Now a trio of companies, including the independent power producer NRG, the turbine manufacturer GE Vernova, and a subsidiary of the construction firm Kiewit Corporation, are teaming up with a plan to bring gas-powered plants to PJM and ERCOT, the companies announced today.

The three companies said that the new joint venture “will work to advance four projects totaling over 5 gigawatts” of natural gas combined cycle plants to the two power markets, with over a gigawatt coming by 2029. The companies said that they could eventually build 10 to 15 gigawatts “and expand to other areas across the U.S.”

So far, PJM and Texas’ call for new gas has been more widely heard than answered. The power producer Calpine said last year that it would look into developing more gas in PJM, but actual investment announcements have been scarce, although at least one gas plant scheduled to close has said it would stay open.

So far, across the country, planned new additions to the grid are still overwhelmingly solar and battery storage, according to the Energy Information Administration, whose data shows some 63 gigawatts of planned capacity scheduled to be added this year, with more than half being solar and over 80% being storage.

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Sparks

An Emergency Trump-Coded Appeal to Save the Hydrogen Tax Credit

Featuring China, fossil fuels, and data centers.

Emily Pontecorvo •
02/18/2025
The Capitol.
Heatmap Illustration/Getty Images

As Republicans in Congress go hunting for ways to slash spending to carry out President Trump’s agenda, more than 100 energy businesses, trade groups, and advocacy organizations sent a letter to key House and Senate leaders on Tuesday requesting that one particular line item be spared: the hydrogen tax credit.

The tax credit “will serve as a catalyst to propel the United States to global energy dominance,” the letter argues, “while advancing American competitiveness in energy technologies that our adversaries are actively pursuing.” The Fuel Cell and Hydrogen Energy Association organized the letter, which features signatures from the American Petroleum Institute, the U.S. Chamber of Commerce, the Clean Energy Buyers Association, and numerous hydrogen, industrial gas, and chemical companies, among many others. Three out of the seven regional clean hydrogen hubs — the Mid-Atlantic, Heartland, and Pacific Northwest hubs — are also listed.

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