In January 2019, there were 7,573 EVs registered in North Carolina. As of May 2023, there were 48,383 EVs registered in North Carolina. Simple math shows that North Carolinians register an average of 785 EVs per month.
As more and more manufacturers switch to EVs and the cost to purchase EVs decreases due to market pressures, North Carolina will continue to see rapid growth in EV registrations.
North Carolina’s transportation revenue model has not kept pace with this emerging trend. Here’s what we mean: For decades, much of the state’s transportation funding has been generated by fuel taxes. Most people agreed this was a fair system – the more people drove, or the more wear and tear their cars put on our roads and bridges, the more they paid fuel taxes to help repair and maintain those roads and bridges. But now, with so many drivers choosing electric vehicles, EV owners aren’t paying their fair share for using the same transportation system as gas-powered vehicles.