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3 min read
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…
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Sales
new-vehicle sales
U.S. auto sales
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EVs
EV
Electrified Vehicles
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3 min read
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…
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Sales
new-vehicle sales
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Electric Vehicles
EVs
EV
Electrified Vehicles
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Data Point
7 min read
Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade
05/14/2024
ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering…
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Electric Vehicles
EVs
EV
Press Releases
4 min read
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…
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Sales
new-vehicle sales
U.S. auto sales
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EVs
EV
Electrified Vehicles
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Data Point
6 min read
Realtor.com® and Cox Automotive Identify the Top Electric Vehicle Friendly Housing Markets
04/10/2024
SANTA CLARA, Calif., April 10, 2024 – In 2023, 1.2 million U.S. vehicle buyers chose to go electric, according to Kelley Blue Book, a Cox Automotive brand. For electric vehicle (EV) owners certain factors, like home-charging ability and easy access to charging facilities are necessary for smooth EV ownership. A new report from Realtor.com® and Cox Automotive has uncovered the top housing markets for EV owners. These markets include; San Jose, Calif.; Salt Lake City, Utah; San…
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Electric Vehicles
EVs
Press Releases
3 min read
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…
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Sales
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3 min read
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…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
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Market Insights
Data Point
2 min read
Cox Automotive and EV Battery Lifecycle Management
10/04/2023
At the Detroit Auto Show this past September, Lea Malloy, head of Cox Automotive’s Electric Vehicle Battery Business, and Joe George, president of Cox Automotive Mobility, discussed the company's increasingly significant role in electric vehicle (EV) battery lifecycle management. Their fireside chat touched on many aspects of this growing industry, from government incentives to technological innovations and the pressing need for comprehensive recycling programs. The automotive…
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Electric Vehicles
EVs
Market Insights
Commentary & Voices
4 min read
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…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
Electrified Vehicles
Market Insights
Data Point
1 min read
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…
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