EV Archives

Another Record Broken: Q1 Electric Vehicle Sales Surpass 250,000, as EV Market Share in the U.S. Jumps to 7.2% of Total Sales 04/12/2023 For more than a year now, the Industry Insights team at Cox Automotive has been expecting monthly new-vehicle sales to improve. In most of 2022, monthly sales volume was consistently stuck at around 1.1 million units as low new-vehicle inventory levels squeezed sales. Inventory has improved notably, and new-vehicle sales are increasing. Inventory volume in Q1 was up by 70% compared to the same timeframe last… Read Article

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In a Down Market, EV Sales Soar to New Record 01/13/2023 In an auto market that saw total new vehicles fall 8% year over year, battery-electric vehicles (EVs) sales were a bright spot. According to the latest counts from Kelley Blue Book, total new-vehicle sales in the U.S. fell in 2022 to 13.8 million units, down from 15 million in 2021 and well down from the 17.3 million the market delivered five years ago in 2018. As… Read Article

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General Motors Holds Onto Top Spot, EV Sales Hit New Record, Tesla is Luxury Leader: Takeaways from Q3 2022 U.S. Auto Sales 10/14/2022 New-vehicle sales in the U.S. were remarkably stable through the third quarter of 2022. Sales volumes in July came in at 1.14 million units and followed in August at 1.14 million. September sales dropped a bit, to 1.12 million. In fact, the Q3 average of 1.13 million sales a month was aligned with the market average sales volume for the past year, which was, again, an… Read Article

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10 Takeaways from U.S. Auto Sales: Q2 2022 07/19/2022 New-vehicle sales in Q2 were off by more than 20%, as tight inventory continues to hold back the market. High prices are certainly impacting some buyers, but the Industry Insights team at Cox Automotive continues to believe new-vehicle demand is relatively healthy and, with sufficient supply, sales volumes could be higher. At the end of Q2, Cox Automotive lowered its full-year forecast to 14.4 million new-vehicles… Read Article

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EV Sales Hit New Record in Q2 2022 07/13/2022 This much we know: New-vehicle sales in the second quarter struggled, up only modestly from the first quarter and down more than 20% from Q2 2021. The reasons are well documented – tight inventory, high prices, consumer sentiment dropping. There were a few positive notes in the Q2 sales numbers, and among them EV sales stood out the most. Sales of battery-powered electric vehicles – pure… Read Article

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10 Takeaways from U.S. Auto Sales: Q1 2022 04/20/2022 New-vehicle sales last quarter came in at 3.3 million, according to the latest Kelley Blue Book counts, a drop from 3.9 million in the first quarter of 2021. Sales in the quarter were down 15.7% year over year, but as the Cox Automotive Industry Insights team has repeatedly stated: There is NOT a demand problem in the market right now. There are plenty of interested—and… Read Article

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Strong Finish: EV Sales Mark New Record in Fourth Quarter Of 2021 01/25/2022 New-vehicles sales in 2021 increased less than 4% compared to 2020, but sales of electrified vehicles continue to surge. In all, nearly 1.5 million electrified vehicles – the combined total of EVs, hybrids and plug-in hybrids – were sold in the U.S. last year. In the fourth quarter, sales of pure battery-electric vehicles jumped 72% to a record 147,799 – the best quarter ever for EVs,… Read Article

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Still Growing: In Q3, Sales of Electrified Vehicles Surged Past 1 Million Units 10/20/2021 While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book. In fact, more than a million electrified vehicles have been sold so far in 2021. Sales of electrified vehicles – the combined total of electric vehicles (EVs), hybrids and plug-in hybrids… Read Article

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The Electric Vehicle Era: Good for People and the Planet – Cox Automotive Mobility White Paper 10/13/2021 Cox Automotive Mobility’s latest white paper entitled Yes, the Electric Era is Here and It's Good for People and the Planet explores the sustainability revolution that is underway, with EVs playing a significant role in the transportation present and future given their propensity to dramatically cut global warming emissions, charged by an ever-cleaner electricity grid. The following themes are featured in the new Cox Automotive Mobility… Read Article

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Electrified Vehicle Sales Accelerate in Q2 07/19/2021 The U.S. auto market has seen growth this year in nearly every segment, but no segment is growing more quickly and more relentlessly than electrified vehicles – the combined total of electric vehicles (EVs), hybrids and plug-in hybrids. According to an analysis of Q2 data from Kelley Blue Book, sales of pure EVs passed 100,000 units in the quarter – a first – and hybrids sales were over 250,000. In the second quarter, total new-vehicle sales jumped by 49.5%, growing notably from the small… Read Article

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