New Report Discusses the Rise of Electric Vehicles in 2022

A new report from Bankrate discusses the rise of electric vehicles in the past several years, while addressing common concerns about electric vehicles.

As the article explains, electric vehicles sales have increased by 40% annually in the past several years. Currently, there are 59 electric vehicle models available for Americans to purchase. This falls behind the number available in Europe or China.

The countries and states with the greatest percentage of drivers with electric vehicles utilize incentives to increase demand and supply finds the report.

While electric vehicles still have an environmental impact stemming from their production and the electricity used to charge them, their impact is still less than that of combustion engine vehicles. As energy sources get greener, the environmental impact of electric vehicles will also decrease.

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