California — no surprise — leads the U.S. in electric vehicle ownership, accounting for 39% of all EVs registered nationwide.

Reality check: We're a long way from a "tipping point" for electric vehicles. In fact, the EV revolution has barely begun in the U.S. and it's playing out in super-slow motion — even in places where plug-in cars make the most sense.

Why it matters: Automakers are pouring billions of dollars into electric vehicle development in the face of urgent warnings about climate change. But with more than 278 million cars, SUVs, and pickups overall on U.S. roads, the historic shift away from gasoline will take years, if not decades, to play out.

The latest data: 4.6% of the new vehicles registered in the U.S. this past May were electric, according to the research firm's most recent data.

Yes, but: EVs still account for only about 0.6% of all registered vehicles in the U.S. Take California's EVs away, and it’s just 0.4%.

By the numbers: As of April 1, Florida has the second-highest share of the country's EVs, at 6.7%. Then comes Texas (5.4%), Washington (4.4%), and New York (3.6%).

Tesla still commands the EV space even though consumers have more choices now — 46 electric models were available in May 2022 vs. 25 a year ago.

What they're saying: "Tesla’s brand loyalty more than doubled in the month of May and was higher than any brand in the industry, including Toyota and Ford," S&P Global Mobility analyst Tom Libby tells Axios.

What to watch: "We’re just seeing the tip of the iceberg in terms of what’s coming," says Libby.