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Hyundai Motor Co. Ioniq 5 N electric vehicle (EV) bound for shipment at a port near the company's Ulsan plant in Ulsan, South Korea, on Tuesday, Jan. 23, 2024. Hyundai Motor Co. is the world's third-largest carmaker. Photographer: SeongJoon Cho/Bloomberg via Getty Images

EV sales soar to record heights in 2024: What’s behind the gains?

Electric vehicle (EV) sales in the U.S. reached an all-time high in 2024, with 1.3 million units sold, according to Cox Automotive's Kelley Blue Book. This marked a 7.3% increase from 2023, even as the pace of growth slowed compared to previous years. EVs now account for 8.1% of ...read more

By Elijah Nicholson-Messmer
NEW YORK, NEW YORK - AUGUST 07: People riding bicycles move past cars blocking an intersection along Park Avenue during Summer Streets by the New York City Department of Transportation on August 07, 2021 in New York City. Summer Streets is an annual initiative that opens up seven miles of Park Avenue from the Brooklyn Bridge to Central Park allowing people to play, run, walk, and bike. (Photo by Alexi Rosenfeld/Getty Images)

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