Tesla, Ford, & Chevrolet Lead US EV Sales — Charts

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US electrical automobile gross sales elevated 15% within the 4th quarter of 2024 over the 4th quarter of 2023. It was fairly good progress for the EV market. Let’s dive in somewhat additional to the small print of EV gross sales within the quarter. We’ll begin by taking a look at gross sales by mannequin.

The Tesla Mannequin Y and Tesla Mannequin 3 proceed to dominate US EV gross sales. Even when gross sales are down, no different fashions are catching them anytime quickly.

After that, it was shocking to see the Honda Prologue climbed into third. The Prologue isn’t the most impressive balance between specs and pricehowever I suppose that that exhibits the sturdy energy of Honda’s model. Anyway, congrats to Honda on that one.

Then in 4th we’ve acquired the 2024 CleanTechnica Automobile of the 12 months, the Chevy Equinox EV. Definitely, this can be a nice automotive for the cash, and the gross sales are exhibiting that. One different good factor I’d word about it’s I’m now seeing advertisements for the automotive continuously. Is Chevrolet actually attempting to promote an electrical automotive for as soon as???

The Ford Mustang Mach-E rounds out the highest 5, after which proper behind it’s the Hyundai IONIQ 5.

Observe that fashions #3 via #5 there are 3 of the 10 models I pointed out on Friday could be considered competitive with the Tesla Model Y on price and range.

The Tesla Cybertruck nonetheless gained the electrical pickup truck gross sales award, adopted intently by the Ford F-150 Lightning although.

Wanting by model, Tesla took 44.9% of the market. That’s nonetheless spectacular, in fact, nevertheless it retains dropping. It simply dropped under 50% in mid 2024 for the primary time in a couple of decade, and it’s down removed from a peak of about 80%. However, then once more, you’d must count on that as different automakers began attempting to really promote electrical automobiles. Although, Tesla’s gross sales (not simply market share) dropped yr over yr, whereas the general EV market was up.

Maybe surprisingly, Ford got here in second place within the 4th quarter, not too far forward however solidly forward of #3 Chevrolet. So, though the Chevrolet Equinox EV has the sting over the Ford Mustang Mach-E in gross sales, Ford has the general edge as a model.

There’s then a major drop-off from Chevrolet right down to #4 Honda(!) and #5 Hyundai. Then you definately’ve acquired one other hole earlier than the block of #6 Rivian, #7 BMW, and #8 Kia.

Then you definately get to volumes so low it’s annoying to even report on them.

After we look by at issues by auto group, Tesla continues to be in the identical place, in fact, however GM takes second place. Curiously, Ford Motor Co. doesn’t even get third, as Hyundai–Kia are available in solidly above it. Honda Motor Co. then closes out the highest 5 because it retains climbing up the ladder.

maybe my favourite chart, we will see how a lot total EV gross sales, how a lot Tesla gross sales, and the way a lot non-Tesla EV gross sales grew from This autumn 2022 to This autumn 2023 to This autumn 2024. Sadly, the rise from This autumn 2023 to This autumn 2024 is way smaller than the rise from This autumn 2022 to This autumn 2023. Whereas Tesla is clearly a part of the explanation for that, as its gross sales decreased from This autumn 2023 to This autumn 2024, you too can see that the expansion of non-Tesla EV gross sales from This autumn 2023 to This autumn 2024 was notably smaller than the expansion from This autumn 2022 to This autumn 2023.

That is maybe a extra dramatic method to have a look at the change in gross sales yr over yr and in comparison with This autumn 2022.

To wrap up, we’ll have a look at the adjustments in gross sales by mannequin.

The Honda Prologue and Chevy Equinox had sturdy arrivals onto the market in 2024, and people had gotten particularly sturdy by the 4th quarter. The just about model new Tesla Cybertruck and the refreshed Tesla Mannequin 3 additionally did fairly nicely. Then you definately’ve acquired the brand new Chevy Blazer EV earlier than you get to a few extra actual year-over-year comparisons, the Hyundai IONIQ 5 and Kia EV9 rising fairly nicely in This autumn 2024.

Share sensible, the Tesla Cybertruck and Chevy Blazer EV benefited from having only a few gross sales in This autumn 2023 to land dramatic share will increase in This autumn 2024. Slicing them off the chart, we will see nice progress from the Jaguar I-PACE, the Kia EV9, and the Chevy Silverado EV.

We’ll have a look at 2024 gross sales as a follow-up and see what was notably totally different throughout the total yr as a substitute of simply the 4th quarter. Keep tuned.