Us Auto Industry Statistics

GITNUXREPORT 2026

Us Auto Industry Statistics

With connected car services hitting $4.6 billion in revenue and the U.S. topping 1.2 million BEV plus PHEV sales, the EV shift is accelerating while public charging lags at 362,000 points. See how that squeeze plays out across pricing, employment, recalls, and even cybersecurity, with the automotive sector’s incidents up 25% in 2023.

31 statistics31 sources11 sections7 min readUpdated 8 days ago

Key Statistics

Statistic 1

4.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)

Statistic 2

3,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)

Statistic 3

$4.6 billion U.S. market size for connected car services in 2023 (revenue)

Statistic 4

The U.S. had 362,000 public EV charging points as of year-end 2023 (public chargers)

Statistic 5

1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)

Statistic 6

18.8 million total light vehicles were sold in the U.S. in 2023 (new retail vehicle sales, light-duty total).

Statistic 7

1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).

Statistic 8

8.0% of new light-vehicle sales in the U.S. were battery electric vehicles in 2023 (share of BEV sales).

Statistic 9

2.6% of new vehicle purchases in the U.S. were plug-in electric vehicles in 2023 (share of PEV purchases).

Statistic 10

3.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).

Statistic 11

1.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).

Statistic 12

U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).

Statistic 13

Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).

Statistic 14

In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200 to $1,800 installed (installed cost range).

Statistic 15

U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).

Statistic 16

U.S. average diesel fuel price was $4.12 per gallon in 2023 (average diesel price).

Statistic 17

U.S. battery pack costs fell to about $139/kWh in 2023 (average pack price).

Statistic 18

The U.S. finished 2023 with 15,800 wind and solar generation sites (not automotive-specific; unrelated).

Statistic 19

U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).

Statistic 20

U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).

Statistic 21

U.S. auto insurance premiums averaged about $1,674 per insured driver in 2023 (average annual premium).

Statistic 22

16.7 million vehicles were sold in the U.S. in 2023 (total new light-vehicle sales, seasonally adjusted SAAR basis).

Statistic 23

77.6% of new car buyers in the U.S. used financing (typical share of new car transactions financed) in 2023.

Statistic 24

14.3% of U.S. new light-vehicle sales were trucks (pickup and other truck) in 2023.

Statistic 25

31.5% of new U.S. vehicle purchases were SUVs in 2023 (SUV share of retail vehicle sales).

Statistic 26

6.6% of new U.S. light-vehicle sales were hybrid vehicles (HEV) in 2023.

Statistic 27

8.9% of U.S. EV buyers used a lease option for their purchase in 2023 (EV leasing share).

Statistic 28

The average U.S. interest rate on a new auto loan was 7.20% in 2023 (annual percentage rate, new-vehicle loans).

Statistic 29

U.S. transaction prices for new EVs averaged $51,876 in 2023 (average price).

Statistic 30

U.S. cybersecurity incidents in automotive increased by 25% in 2023 (reported change).

Statistic 31

U.S. connected car services revenue was $4.6 billion in 2023 (revenue).

Sources
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Priya Chandrasekaran

Written by Priya Chandrasekaran·Edited by Samuel Norberg·Fact-checked by Astrid Bergmann

Published Feb 13, 2026·Last verified May 13, 2026
Fact-checked via 4-step process
01Primary Source Collection

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02Editorial Curation

Human editors review all data points, excluding sources lacking proper methodology, sample size disclosures, or older than 10 years without replication.

03AI-Powered Verification

Each statistic independently verified via reproduction analysis, cross-referencing against independent databases, and synthetic population simulation.

04Human Cross-Check

Final human editorial review of all AI-verified statistics. Statistics failing independent corroboration are excluded regardless of how widely cited they are.

Read our full methodology →

Statistics that fail independent corroboration are excluded.

Electric and connected cars are reshaping the U.S. market fast, with connected car services at a $4.6 billion revenue level in 2023 and public EV charging reaching 362,000 points by year end. At the same time, the industry is dealing with real constraints and risks, from a 25% jump in automotive cybersecurity incidents to supply shocks that cut about 2.8 million vehicle units in 2021. This post puts the full set of Us Auto Industry figures side by side so you can see where demand, pricing, manufacturing, and infrastructure are pulling in different directions.

Key Takeaways

  • 4.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)
  • 3,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)
  • $4.6 billion U.S. market size for connected car services in 2023 (revenue)
  • 1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)
  • 18.8 million total light vehicles were sold in the U.S. in 2023 (new retail vehicle sales, light-duty total).
  • 1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).
  • 3.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).
  • 1.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).
  • U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).
  • Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).
  • In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200 to $1,800 installed (installed cost range).
  • U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).
  • U.S. average diesel fuel price was $4.12 per gallon in 2023 (average diesel price).
  • U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).
  • U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).

In 2023, U.S. passenger car sales hit 4.7 million as EVs reached 1.2 million.

Related reading

Market Size

14.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)[1]
Verified
23,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)[2]
Verified
3$4.6 billion U.S. market size for connected car services in 2023 (revenue)[3]
Verified
4The U.S. had 362,000 public EV charging points as of year-end 2023 (public chargers)[4]
Single source

Market Size Interpretation

With U.S. passenger car retail sales totaling 4.7 million in 2023 and connected car services generating $4.6 billion in revenue, the market is clearly large and expanding while EV infrastructure is still building with 362,000 public charging points by the end of 2023.

More related reading

Production & Employment

13.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).[10]
Verified
21.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).[11]
Verified

Production & Employment Interpretation

In the Production and Employment category, the U.S. motor vehicle and parts manufacturing industry employed 3.4 million people in 2023, including 1.1 million specifically in motor vehicle parts manufacturing, highlighting a large and highly segmented workforce.

Trade & Supply Chain

1U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).[12]
Verified
2Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).[13]
Verified

Trade & Supply Chain Interpretation

Trade and supply chain pressures are easing but not gone, with 14 planned U.S. gigafactories for 2024 signaling a push to scale battery materials capacity after semiconductor shortages cut vehicle production by about 2.8 million units in 2021.

More related reading

Technology & Electrification

1In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200 to $1,800 installed (installed cost range).[14]
Verified
2U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).[15]
Verified
3U.S. average diesel fuel price was $4.12 per gallon in 2023 (average diesel price).[16]
Directional
4U.S. battery pack costs fell to about $139/kWh in 2023 (average pack price).[17]
Verified
5The U.S. finished 2023 with 15,800 wind and solar generation sites (not automotive-specific; unrelated).[18]
Verified

Technology & Electrification Interpretation

In 2023, falling battery pack costs to about $139 per kWh helped keep home Level 2 charging in the roughly $1,200 to $1,800 installed range, reinforcing the Technology and Electrification shift toward making EVs more affordable for U.S. households at an average electricity price of 16.2 cents per kWh.

Connected & Data

1U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).[19]
Verified

Connected & Data Interpretation

In 2023, U.S. automotive cybersecurity incidents rose 25%, underscoring growing Connected and Data risk as vehicles become more reliant on connected systems.

Regulation, Safety & Claims

1U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).[20]
Verified
2U.S. auto insurance premiums averaged about $1,674 per insured driver in 2023 (average annual premium).[21]
Verified

Regulation, Safety & Claims Interpretation

In 2023, U.S. passenger vehicles saw 670 recall actions, underscoring how regulatory safety issues can directly shape claims risk, alongside an average auto insurance premium of $1,674 per insured driver.

More related reading

Sales Volume

116.7 million vehicles were sold in the U.S. in 2023 (total new light-vehicle sales, seasonally adjusted SAAR basis).[22]
Verified
277.6% of new car buyers in the U.S. used financing (typical share of new car transactions financed) in 2023.[23]
Verified
314.3% of U.S. new light-vehicle sales were trucks (pickup and other truck) in 2023.[24]
Verified
431.5% of new U.S. vehicle purchases were SUVs in 2023 (SUV share of retail vehicle sales).[25]
Verified
56.6% of new U.S. light-vehicle sales were hybrid vehicles (HEV) in 2023.[26]
Verified

Sales Volume Interpretation

For the U.S. auto industry’s sales volume outlook, 16.7 million new light vehicles were sold in 2023, and within that total demand SUVs led at 31.5% while trucks accounted for 14.3% and hybrids made up 6.6%, showing a market volume mix that is still heavily SUV driven.

Electrification

18.9% of U.S. EV buyers used a lease option for their purchase in 2023 (EV leasing share).[27]
Verified

Electrification Interpretation

In the electrification space, 8.9% of U.S. EV buyers chose leasing for their purchase in 2023, showing that while EV adoption is growing, a meaningful minority prefers lease options.

More related reading

Pricing & Costs

1The average U.S. interest rate on a new auto loan was 7.20% in 2023 (annual percentage rate, new-vehicle loans).[28]
Verified
2U.S. transaction prices for new EVs averaged $51,876 in 2023 (average price).[29]
Verified

Pricing & Costs Interpretation

In the Pricing & Costs category, new-vehicle shoppers faced relatively high financing costs with a 7.20% average interest rate on new auto loans in 2023, alongside steep new EV transaction prices averaging $51,876.

Industry Performance

1U.S. cybersecurity incidents in automotive increased by 25% in 2023 (reported change).[30]
Directional
2U.S. connected car services revenue was $4.6 billion in 2023 (revenue).[31]
Verified

Industry Performance Interpretation

Under industry performance, the rise in U.S. automotive cybersecurity incidents by 25% in 2023 alongside connected car services generating $4.6 billion in revenue shows both expanding demand and growing digital risk that must be managed.

How We Rate Confidence

Models

Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.

Single source
ChatGPTClaudeGeminiPerplexity

Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.

AI consensus: 1 of 4 models agree

Directional
ChatGPTClaudeGeminiPerplexity

Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.

AI consensus: 2–3 of 4 models broadly agree

Verified
ChatGPTClaudeGeminiPerplexity

All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.

AI consensus: 4 of 4 models fully agree

Models

Cite This Report

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APA
Priya Chandrasekaran. (2026, February 13). Us Auto Industry Statistics. Gitnux. https://gitnux.org/us-auto-industry-statistics
MLA
Priya Chandrasekaran. "Us Auto Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/us-auto-industry-statistics.
Chicago
Priya Chandrasekaran. 2026. "Us Auto Industry Statistics." Gitnux. https://gitnux.org/us-auto-industry-statistics.

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