Top Selling Auto Brands & Groups for EV Sales in USA (Charts)

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It’s time for an additional quarterly US EV gross sales report. Absolutely electrical automobiles (BEVs/EVs) accounted for 7.0% of US auto sales in Q3, down barely from Q2 2024, when the share was 7.4%. However let’s look extra intently at notable tendencies yr over yr and in Q3 2024 in comparison with Q3 2022.

As you possibly can see within the chart above, total EV gross sales proceed to develop yr over yr. There’s no confusion that chart — total EV gross sales have been up every year within the third quarter, Tesla gross sales elevated (lastly) yr over yr in Q3, and non-Tesla EV gross sales additionally enhance yr over yr in Q3.

You may certainly see that progress slowed down in 2024. That’s the narrative that’s right up to now — progress slowed down. Nonetheless, EV gross sales are nonetheless rising. They’re larger this yr, and far larger than two years in the past.

Listed below are a pair extra charts exhibiting the gross sales tendencies. On a proportion foundation, EV gross sales had been up 8% yr over yr within the third quarter, they usually had been up 67% in comparison with the third quarter of 2022.

In quantity phrases, gross sales had been up by greater than 24,000 yr over yr within the third quarter, they usually had been up by greater than 137,000 in comparison with the third quarter of 2022.

Tesla nonetheless dominates US EV gross sales. It might characterize lower than 50% of the market lastly, but it surely’s nonetheless almost as a lot as each different automaker mixed, which is beautiful and in no way the signal of a mature market. One has to count on its share will proceed to say no as different automakers proceed to supply new fashions, provide higher specs and worth for cash, and scale up manufacturing increasingly more. Nicely, I assume some folks count on that Tesla will bounce again, see a surge in gross sales, and shoot above 50% market share once more. I don’t see that occuring, at the least not for lengthy. The long run pattern is down from about 80% of the US market to lower than 50% of the US EV market, and I count on that pattern will proceed for years to return.

So far as the opposite auto manufacturers, Ford holds onto its silver medal, with one proportion level or about 4,000 gross sales greater than #3 Chevrolet. Then you definately get one other pure EV producer, Rivian, which may stand up the charts strongly in coming years because it releases extra reasonably priced fashions. Hyundai and Kia are proper on Rivian’s tail in the meanwhile, although, and preserve providing extraordinarily compelling EV choices. And then you definitely’ve received Honda popping out of nowhere due to the Honda Prologue, which I really feel like I’m seeing on a regular basis now.

Wanting on the numbers by auto group as a substitute of auto model, after all, Tesla continues to be in precisely the identical spot (because it has no sub-brands). Nonetheless, GM jumps into second place (Chevrolet, Cadillac, GMC, and Brightdrop all mix right here). Hyundai–Kia (which isn’t a standard auto group however is a really difficult company mixture that principally counts as one) takes the silver medal right here.

Ford drops all the way down to 4th, because the Ford model will get no electrical car assist from different manufacturers. Honda is certainly a shock capturing as much as fifth so quick, but it surely’s simply above 1 EV per state (59 EVs) larger than Rivian. We’ll see what occurs within the 4th quarter.

Keep tuned for extra US EV gross sales experiences coming later at present.