Blog > 5 EV Trends for 2023

5 EV Trends for 2023

As the new year begins, there are many things to think about: resolutions, new goals and ways to contribute to a better planet. With technological advances and the increasing demand for clean and efficient transportation solutions, the electric vehicle market has grown substantially. As we look ahead to 2023, several key trends are starting to shape the future of the EV market.

Increased Production and Sales

One of the biggest trends in the EV market for 2023 is the expected increase in production and sales. If you’re an EV car dealer or have been in the market for a new electric vehicle, you know that new EV inventory has been scarce in the past couple of years. That is about to change. Automakers are investing heavily in developing new EV models and technology, and the demand for clean and efficient transportation solutions is driving the growth of the EV market. Many countries are also offering incentives to encourage the adoption of EVs, further fueling the development of the market. According to industry experts, the global EV market is expected to reach $500 billion by 2023, with the sale of millions of EVs.

Battery Improvements

Another key trend in the EV market for 2023 is the improvement of battery technology. Advancements in battery technology enable longer driving ranges and faster charging times for EVs, making them practical and convenient for everyday use. The development of solid-state batteries is expected to gain momentum in 2023, which could significantly improve battery performance. These advancements are making EVs an increasingly attractive option for consumers and driving the growth of the EV market.

Expansion of Charging Infrastructure

Many people worry that there aren’t enough charging stations to keep up with the increasing number of electric vehicles on the road. Fortunately, the expansion of charging infrastructure is another trend to watch for in the EV market for 2023. As the number of EVs on the road continues to grow, the need for convenient and accessible charging options is essential. Governments, private companies, and public-private partnerships are investing in developing charging networks to support the growth of the EV market. By 2023, there will be millions of charging points worldwide, making it easier for EV owners to recharge their vehicles on the go.

Growth of Shared Mobility

This trend will get you excited if you rely on ride-share vehicles to get around. Ride-sharing companies and car-sharing services are adopting EVs to provide cleaner and more efficient transportation options. As the shared mobility market continues to grow, the demand for EVs in this market will also increase, further fueling the growth of the EV market.

Increased Focus on Sustainability

The increased focus on sustainability and reducing greenhouse gas emissions is another trend in the EV market for 2023. The demand for low-emission vehicles continues to grow, and many companies are investing in developing clean energy technologies. As consumers become more environmentally conscious, the need for EVs will continue to increase, further shaping the future of the EV market.

It’s a great year to make changes that positively impact the environment. It’s refreshing to see trends highlighting the growing momentum behind the transition to EVs and the increasing importance of clean and efficient transportation solutions. As the EV market continues to evolve, new trends and technologies will likely emerge, further shaping the future of transportation.

Whether you’re an automaker, a charging infrastructure provider, or a consumer, it’s an exciting time to be a part of the EV market. At EVsDirect.com, we make it easy and affordable to own an electric vehicle. With a great selection of used electric vehicles, we might have just the right EV for you. Every EV goes through a 150-point inspection to ensure your purchase is as close to perfect as possible. We’re confident you will love your new-to-you electric ride that we back up with a 10-day money-back guarantee. Browse our used electric vehicles from the comfort of your home at EVsDirect.com. Drive Clean, Drive Green. Your Electric Vehicle, Delivered.