Historic: US EVs skyrocket past 1 million sales, up 50.7% YOY🔥
Year-to-date US EV sales have surpassed 1 million – the first time EV sales exceeded that threshold in a single sales year.
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Which is it, already – is US EV demand slowing or growing?
Some media say EV demand is slowing, and other media claim there’s record demand. So what’s going on? ZETA’s Albert Gore and I chatted about it.
Expand Expanding CloseEVs and hybrids now make up 16% of US light-duty vehicle sales – this is who’s buying them
Hybrid, plug-in hybrid, and battery EVs collectively accounted for 16% of US light-duty vehicle sales in the second quarter of 2023, according to the US Energy Information Administration (EIA).
Expand Expanding CloseGlobal sales of gas cars already peaked, but US will lag rest of world on EVs
In the latest update to Bloomberg’s “Electric Vehicle Outlook,” forecasters say the world will never buy as many traditional gas-powered cars and trucks as we did in 2017. While gas cars will continue to make up more than half of global auto sales for years ahead, gas cars have already peaked – and EVs will now take over.
Tesla Model 3 was best-selling car in the UK in April
The new car market in the UK went off a cliff in April, plummeting 97.3%. Only 4,321 new cars were registered in April. In this highly unusual situation, 31.8% of sales were battery-electric vehicles.
Germany auto sales in January: All cars down 7%, EVs up 62%
EV sales were forecast to grow by about 35% in Europe this year, as the EU implements more stringent rules on CO2 emissions. Those forecasts correctly identified the direction of electric-vehicle sales. But based on January sales numbers in Germany, the continent’s largest car market, we could see much bigger gains compared to a year ago.
BEV sales in Germany last month were up 61%, and plug-in hybrids shot up 307%. That’s in a German car market that saw a 7.3% reduction in overall car registrations year-over-year.
Electric vehicle sales have now surpassed 500,000 total cars in the US
As of last month, the U.S. is officially half way to the Department of Energy’s goal to have 1 million electric vehicles on U.S. roads. That goal was first set for 2015, but we are now obviously nowhere near the level and a year late.
Energy Secretary Ernest Moniz set 2020 as the new goal for the 1 million mark and with the recent sales numbers, it looks like it shouldn’t be a problem.
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