Ok the numbers are in for Q2 (April, May, June). There’s a lot of ground to cover, so let’s dive in.
Sales are up in a big way:
- June sales data just dropped, and they were a whopper. Over 66,000 electric vehicles sold in June – that’s over 10,000 more than any other month on record.
- Strong sales across all three months meant that Q2 was the highest quarter on record and EV sales in the quarter surpassed 15% share of the passenger vehicle market.
- EV sales were up nearly three times compared to Q2 2020 while Tesla’s market share fell by nearly a third.
Billions were announced in private investment:
- $41 billion in private investment announced in Q2. More than one third was due to expanded plans from GM.
Utility investment fell from Q1:
- Four programs were approved during Q2 2021, totaling $113 million. This is down from $345 million in investment approved during Q1 2021.
- The largest program approved was from Duke Energy Florida. Duke will invest $62.9 million to develop 100 utility-owned DCFC sites – now the largest approval for utility-owned DCFC to date.
- $184 million of potential investment was filed in Q2 2021.
Colorado and Washington led the way on policy:
- The Bipartisan Infrastructure Bill (passed in August) was debated and drafted in Q2.
- States enacted12 bills and proposed 11 new bills in Q2.
- Colorado enacted a landmark transportation bill and Washington passed a clean fuel standard.
New models hit the market:
- More than 25 new BEVs models are expected to enter the market by the end of 2021.
- Jeep Wrangler Plug-in was 4th-best selling EV in its first quarter on the market.
- VW ID.4 and Ford Mustang Mach-E came in as 4th and 5th best-selling BEV in their first full quarter on the market.
- Ford announced F-150 Lightning for 2022, priced under $40,000.
- Detroit’s Big Three automakers had five out of 51 EVs on the market collectively in Q2.
VW Settlement money went out the door (except in four states):
- Seven states made funding announcements in Q2 worth $91 million, and EVs and EV charging continue to claim 50% of all awards overall.
- Now more than two years since first VW settlement award, 61% of total funding remains to be awarded.
- Four states are still yet to make an award – Mississippi, Arkansas, Kansas and West Virginia.
The bottom line: Q2 was big all over.