In this article, we will look into the 15 states with the most EV chargers per person. If you want to skip our detailed analysis, you can go directly to the 5 States With the Most EV Chargers Per Person.
US Boosts EV Infrastructure
In the third quarter of 2023, the sales of electric vehicles in the US surged to over 300,000 for the first time, according to an article published by Reuters, on October 12, 2023. The article cites a report by Cox Automotive, which states that the sales in 2023 were reported to be nearly 2 times more compared to 2022. Electric vehicles accounted for 7.9% of the industry sales in the US in 2023. However, multiple challenges hinder the growth of the EV market including high prices and restricted charging infrastructure.
On January 19, Reuters reported that the US Department of Transportation and Energy will be making a $325 million investment across three different programs, aiming to advance EV technologies, repair chargers, and cut battery costs. Moreover, it awarded nearly $150 million for repairing and replacing around 4,500 existing electric vehicle charging ports in 20 states. The new funds for electric vehicle chargers are a part of the $5 billion National Electric Vehicle Infrastructure (NEVI) program. The program is funded by a $1 trillion 2021 infrastructure law, which says that the states must employ federally-funded EV charging ports for a minimum of 5 years operating 97% of the time. These efforts are expected to contribute positively to the US EV market.
Key Players in the US EV Market
Some of the major companies in the electric vehicle market include Tesla, Inc. (NASDAQ:TSLA), Lucid Group, Inc. (NASDAQ:LCID), and General Motors Company (NYSE:GM).
On January 31, Reuters reported that Tesla, Inc. (NASDAQ:TSLA) has decided to expand its battery production to Nevada. The company aims to bring cheaper lithium iron phosphate batteries (LFP) to the US. This strategic move by Tesla, Inc. (NASDAQ:TSLA) will reduce reliance on foreign sources for raw materials such as Nickel and Cobalt. The company will buy the equipment from Contemporary Amperex Technology Limited (SHE:300750). The new plant in Nevada will have an initial capacity of nearly 10 gigawatt-hours.
Lucid Group, Inc. (NASDAQ:LCID) is a leading EV manufacturer in the US. On November 16, 2023, the company announced the launch of its new electric SUV, Lucid Gravity luxury electric SUV. The high-performance vehicle will accommodate up to seven adults and will feature a driving range of 440 miles. Lucid Group, Inc. (NASDAQ:LCID) will start the production of the Lucid Gravity SUV in late 2024.
Talking about the Lucid Gravity SUV, CEO and CTO of Lucid Group, Inc. (NASDAQ:LCID), Peter Rawlinson said:
“The Gravity SUV represents a significant leap forward for Lucid’s world-leading technology and design. Customers will find an unprecedented combination of space and maneuverability, luxury, and versatility, all seamlessly integrated into one remarkable vehicle with the driving experience and range of a true Lucid. Lucid’s innovative proprietary EV powertrain technology and our holistic approach to vehicle engineering already enabled the Air sedan to redefine what was thought possible from a luxury sports sedan. With Gravity, these innovations evolved and our next generation technology is applied with even greater effect, resulting in an electric SUV that can achieve over 440 miles¹ of range with a battery pack a little more than half the size of some of our battery-hungry competitors.”
General Motors Company (NYSE:GM) is a leader in the EV market in the US. On January 30, the company announced its earnings for the fiscal fourth quarter of 2023. The company reported an EPS of $1.20 and beat estimates by $0.10. The company reported a revenue of $42.98 billion for the quarter and outperformed estimates by $3.51 billion.
Here are some of the comments from General Motors Company’s (NYSE:GM) Q4 2023 earnings call:
“At GM we expect healthy industry sales of about 16 million units. We have an unmatched ICE portfolio in North America, rising EV production on the LTM platform and GM Financial continues to perform well. We’re building on a foundation of products that our customers love. In 2023, GM sold more vehicles in the US than anyone else. All of our US brands grew their sales year-over-year and gained US market share with healthy margins, thanks to stable pricing and incentives that were more than 20% below the industry average.
The Chevrolet Bolt EV and EUV had record sales. We led the industry in initial quality for the second year in a row according to J.D. Power. And we now have led the industry in combined pickup, full-size van, and full-size SUV sales for 10 consecutive years, making us the leader in the highest ATP quadrant of the market and helping us lead the commercial fleet market. And we have passed Honda and Toyota in the most affordable quadrant, thanks to attractive and profitable vehicles like the Chevrolet Trax, which is one of Car and Driver’s 10 best trucks and SUVs, and the Buick Envista, which is winning with younger buyers. In fact, more than one in four Envista customers are between the ages of 18 and 35. The broad-based momentum we have today is important for our future because our customers are the most loyal in the industry.”
On November 8, 2023, General Motors Company (NYSE:GM) announced that it had partnered with Niron Magnetics, a pioneer producer of low-cost and high-performance permanent magnets free from critical materials. The partnership aims to develop rare earth-free magnets for EV motors. The cheap and environment-friendly magnets will enable General Motors Company (NYSE:GM) to create a sustainable and affordable supply chain for an all-electric future. The company had also invested in Niron Magnetics to help them commercialize their sustainable magnets.
With this context, let’s have a look at the 15 states with the most EV chargers per person.
15 States With the Most EV Chargers Per Person
Methodology
To compile our list of the 15 states with the most EV chargers per person, we sourced the data for EV charging ports from the Alternative Fuels Data Center of the US Department of Energy. We then sourced the 2023 estimated population data for each state from the US Census Bureau and divided it by the total number of EV charging ports to obtain the number of EV chargers per person for each state. Our list ranks the states in ascending order of number of EV chargers per person.
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15 States With the Most EV Chargers Per Person
15. Virginia
Number of EV Chargers: 4,625
Number of EV Chargers per Person: 0.00053
Virginia is ranked 15th among the US states with the most EV chargers per person. The state has a total number of 4,625 chargers at 1,568 locations across the state. The number of EV chargers available per person in the state is 0.00053.
14. Hawaii
Number of EV Chargers: 849
Number of EV Chargers per Person: 0.00059
Hawaii ranks 14th on our list. According to the US Department of Energy, Hawaii has a total of 849 EV chargers located at 377 stations across the state. The state has 0.00059 electric vehicle chargers per person.
13. New York
Number of EV Chargers: 11,587
Number of EV Chargers per Person: 0.00059
New York is ranked 13th among the US states with the most EV chargers per person. The state has 11,587 chargers at 3,982 locations across the state. The number of EV chargers available per person in the state is 0.00059.
12. Nevada
Number of EV Chargers: 2,013
Number of EV Chargers per Person: 0.00063
Nevada ranks 12th on our list. According to the US Department of Energy, the state has 2,013 EV charging ports at 593 stations across the state. The number of electric vehicle chargers per person in the state is 0.00063.
11. Utah
Number of EV Chargers: 2,157
Number of EV Chargers per Person: 0.00063
Utah is ranked 11th among the states with the most EV chargers per person. The state has a total number of 2,157 chargers at 877 locations across the state. The number of EV chargers available per person in the state is 0.00063.
10. Connecticut
Number of EV Chargers: 2,584
Number of EV Chargers per Person: 0.00071
Connecticut ranks 10th on our list. According to the EV charging ports data from the US Department of Energy, Connecticut has a total of 2,584 electric vehicle chargers located at 872 stations across the state. The number of EV chargers per person in the state is 0.00071.
9. Rhode Island
Number of EV Chargers: 821
Number of EV Chargers per Person: 0.00075
Rhode Island is one of the top states with the highest number of EV chargers per person. The state has 821 EV chargers located at 320 stations. The number of EV chargers per person in the state is 0.00075.
8. Oregon
Number of EV Chargers: 3,202
Number of EV Chargers per Person: 0.00076
Oregon is ranked among the US states with the most EV chargers per person. The state has a total number of 3,202 chargers at 1,264 locations across the state. The number of EV chargers available per person in the state is 0.00076.
7. Washington
Number of EV Chargers: 5,910
Number of EV Chargers per Person: 0.00076
Washington ranks 7th on our list. According to the US Department of Energy, Washington has a total of 5,910 EV chargers located at 2,230 stations across the state. The number of electric vehicle chargers available per person in Washington is 0.00076.
6. Maine
Number of EV Chargers: 1,106
Number of EV Chargers per Person: 0.00079
Maine is ranked 6th on our list of the 15 US states with the most electric vehicle chargers per person. The state has a total number of 1,106 chargers at 494 locations across the state. The number of EV chargers available per person in the state is 0.00079.
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Disclosure: None. 15 States With the Most EV Chargers Per Person is published on Insider Monkey.