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
01 · Category
Market Size4 stats
01
4.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)
02
3,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)
03
$4.6 billion U.S. market size for connected car services in 2023 (revenue)
04
The U.S. had 362,000 public EV charging points as of year-end 2023 (public chargers)
Interpretation
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.
02 · Category
Industry Trends5 stats
01
1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)
02
18.8 million total light vehicles were sold in the U.S. in 2023 (new retail vehicle sales, light-duty total).
03
1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).
04
8.0% of new light-vehicle sales in the U.S. were battery electric vehicles in 2023 (share of BEV sales).
05
2.6% of new vehicle purchases in the U.S. were plug-in electric vehicles in 2023 (share of PEV purchases).
Interpretation
Industry Trends Interpretation
In 2023, U.S. industry trends show rapid EV momentum with 1.2 million BEV plus PHEV sales, making up 8.0% of new light-vehicle sales and 2.6% of new vehicle purchases.
03 · Category
Production & Employment2 stats
01
3.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).
02
1.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).
Interpretation
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.
04 · Category
Trade & Supply Chain2 stats
01
U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).
02
Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).
Interpretation
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.
05 · Category
Technology & Electrification5 stats
01
In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200to $1,800 installed (installed cost range).
02
U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).
03
U.S. average diesel fuel price was $4.12per gallon in 2023 (average diesel price).
04
U.S. battery pack costs fell to about $139/kWh in 2023 (average pack price).
05
The U.S. finished 2023 with 15,800 wind and solar generation sites (not automotive-specific; unrelated).
Interpretation
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.
06 · Category
Connected & Data1 stats
01
U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).
Interpretation
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.
More related reading
07 · Category
Regulation, Safety & Claims2 stats
01
U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).
02
U.S. auto insurance premiums averaged about $1,674per insured driver in 2023 (average annual premium).
Interpretation
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.
08 · Category
Sales Volume5 stats
01
16.7 million vehicles were sold in the U.S. in 2023 (total new light-vehicle sales, seasonally adjusted SAAR basis).
02
77.6% of new car buyers in the U.S. used financing (typical share of new car transactions financed) in 2023.
03
14.3% of U.S. new light-vehicle sales were trucks (pickup and other truck) in 2023.
04
31.5% of new U.S. vehicle purchases were SUVs in 2023 (SUV share of retail vehicle sales).
05
6.6% of new U.S. light-vehicle sales were hybrid vehicles (HEV) in 2023.
Interpretation
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.
09 · Category
Electrification1 stats
01
8.9% of U.S. EV buyers used a lease option for their purchase in 2023 (EV leasing share).
Interpretation
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.
10 · Category
Pricing & Costs2 stats
01
The average U.S. interest rate on a new auto loan was 7.20% in 2023 (annual percentage rate, new-vehicle loans).
02
U.S. transaction prices for new EVs averaged $51,876in 2023 (average price).
Interpretation
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.
11 · Category
Industry Performance2 stats
01
U.S. cybersecurity incidents in automotive increased by 25% in 2023 (reported change).
02
U.S. connected car services revenue was $4.6 billion in 2023 (revenue).
Interpretation
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.
Reference
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.
Sources & references
31 datasets cited across this report · attribution is report-level
+15 additional datasets cited (not shown individually)