Electrified Vehicles Archives

U.S. Electric Vehicle Sales Increase More Than 10% Year Over Year in Q1: GM Drives EV Growth While Tesla Declines 04/10/2025 Nearly 300,0001 new electric vehicles (EVs) were sold in the first quarter of 2025 in the U.S., according to the latest report from Kelley Blue Book, an increase of 11.4% year over year. Despite many obstacles — and what you may read elsewhere — electric-vehicle sales continue to grow at a healthy pace in the U.S. market. Roughly 7.5% of total new-vehicle sales in the first quarter… Read Article

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Electric Vehicle Sales Jump Higher in Q4, Pushing U.S. Sales to a Record 1.3 Million 01/13/2025 Sales of electric vehicles (EVs) in the U.S., according to the latest counts from Cox Automotive’s Kelley Blue Book, jumped 15.2% year over year in the fourth quarter of 2024 to 365,8241, setting a new volume record for any quarter. In 2024, full-year EV sales reached 1.3 million, an increase of 7.3% from the upwardly revised total in 2023. Sales of EVs in the U.S. benefitted… Read Article

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Electric Vehicle Sales Mark Another Record in Q3, Thanks to Higher Incentives, More Choices 10/11/2024 According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 EVs were sold in Q3 2024, a 5% increase from Q2. The EV share of sales in Q3 hit 8.9%, the highest level… Read Article

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Despite Tesla Slide, EV Sales in Q2 Mark New Record 07/11/2024 Electric vehicle sales in the U.S. grew by 11.3% year over year in the second quarter, reaching a record-high volume of 330,4631 units, according to new estimates from Kelley Blue Book. This growth was driven partly by improved availability, higher discounts and elevated levels of leasing. Total EV sales last quarter were higher than Q1 sales by 23% percent. In Q2, market leader Tesla sales volume… Read Article

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EV Sales Growth Slows; Market Leader Tesla Stalls 04/11/2024 Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, according to Kelley Blue Book counts. EV share of total new-vehicle sales in Q1 was 7.3%, a decrease from Q4 2023. While annual EV sales continue to grow in the U.S. market, the growth… Read Article

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A Record 1.2 Million EVs Were Sold in the U.S. in 2023, According to Estimates from Kelley Blue Book 01/09/2024 A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. In 2023, the EV share of the total U.S. vehicle market was 7.6%, according to Kelley Blue Book estimates. That is… Read Article

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Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3, as Tesla Share of EV Segment Tumbles to 50% 10/12/2023 Electric vehicle (EV) sales volumes set another record in Q3, as total sales of battery-powered vehicles jumped past 300,000 for the first time in the U.S. market. Year-to-date EV sales through September reached just over 873,000, putting the market firmly on track to surpass 1 million for the first time ever. The milestone will likely be achieved in November. Total EV sales in Q3, according to an… Read Article

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Electric Vehicle Sales in Q2 Strike Another Record, but Growth Ahead Will Be Hard Fought 07/12/2023 Nearly 300,000 new electric vehicles (EVs) – full battery-electric vehicles – were sold in the U.S. in Q2, a record for any quarter and an increase of 48.4% from Q2 2022. Tesla, again, was the largest seller of EVs in the U.S., with more than 175,000 sold, an increase of 34.8% quarter over quarter. Sales growth at Tesla, and the EV segment overall, was aided by… Read Article

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EV Inventory Reaches Critical Mass in U.S. 06/30/2023 Automotive News, June 30, 2023 – Electric vehicles have reached critical mass, outpacing average days' supply of gasoline vehicles at dealerships, according to Cox Automotive, but some dealers still need convincing. EVs are no longer exclusive to the new-vehicle market, said Chief Economist Jonathan Smoke. EV emergence in the used and wholesale market gives them more staying power, he said. "Up until now, this has been… Read Article

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New Cox Automotive Study: EV Consideration at Record High, but Dealers Feel Unprepared 06/27/2023 ATLANTA, June 27, 2023 – Despite growing interest, a gap exists between consumer enthusiasm for electric vehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. The 2023 Path to EV Adoption: Consumer and Dealer Perspectives study also reveals a lack of EV readiness among U.S. automotive dealers regarding sales and service. As EV inventories continue to climb, dealers must… Read Article

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