Highlights
- For the second time since 2020, the number of light-duty electric pickups, SUVs, and vans registered exceeded 100,000 in 2021 (113,500), up 3.8 percent compared to 2020. Within the ZEV market, customer demand shifted away from pickup trucks and SUVs to sedans and compact cars in 2021 due to the market supply constraints and fewer ZEV truck and SUV models available compared to cars.
- The annual registrations for ZEV sedans and compact cars grew 29.7 percent. In comparison, pickup trucks and SUVs grew one-eighth in size—recording a 3.8 percent year-over-year growth rate from 2020 to 2021. With the arrival of some highly-anticipated electric trucks in 2022 and over the coming years—including the Ford F-150 BEV (released in Spring 2022),98 Tesla’s Cybertruck (anticipated in 2023),99 and lineups from Rivian (anticipated in January 2023)100—the adoption of electric light-duty trucks is likely to increase. Electrification of this segment will continue to accelerate as more models come on the market.
98 The most recent announcement from Ford is as of September 2021, which can be viewed here: https://media.ford.com/content/fordmedia/fna/us/en/news/2022/09/02/ford-2022-august-sales.html
99 According to Tesla’s page: https://www.tesla.com/cybertruck/design#battery
100 According to Rivian’s website: https://rivian.com/r1t
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