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How Power Companies Can Ride the EV Wave for New Revenue

December 1, 2023

Have you noticed more electric vehicles (EVs) driving around your neighborhood? According to Kelley Blue Book’s “Electric Vehicle Sales Report Q3 2023,” EV sales volume in the U.S. set a new record in the third quarter (Q3) of this year, as total sales of battery-powered vehicles surged beyond 300,000 for the first time ever in a quarter. Year-to-date EV sales through September were more than 873,000, putting the market firmly on track to surpass a million vehicles sold this year. Cox Automotive, parent company of Kelley Blue Book, predicted the milestone would be achieved in November.

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