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HomeAutoEVs and hybrids now make up 16% of US light-duty car gross...

EVs and hybrids now make up 16% of US light-duty car gross sales – that is who’s shopping for them Get hold of US

Hybrid, plug-in hybrid, and battery EVs collectively accounted for 16% of US light-duty car gross sales within the second quarter of 2023, based on the US Vitality Info Administration (EIA).

EV gross sales are on the rise within the US

The EIA, which reviewed information from Wards Intelligence, additionally notes that inversely, gross sales have additionally decreased for gasoline and diesel autos.

US EV gross sales development was largely right down to new producer choices throughout totally different market segments – extra on that later – though present fashions additionally made up a few of the soar in gross sales.

Producers diminished the variety of ICE car fashions from 318 to 297 between 2021 and Q2 2023, they usually elevated the variety of battery-electric fashions from 34 to 55. (The EIA categorizes a single car mannequin as together with one nameplate and all of the obtainable trim ranges related to that nameplate.)

EVs and hybrids now make up 16% of US light-duty car gross sales – that is who's shopping for them Get hold of US Obtain US

It was the luxurious car market that captured 18% of complete new car gross sales in Q2 2023, up from 14% in 2020, and a lot of the EV uptake is happening in within the luxurious section. Automakers canceled 17 luxurious ICE car fashions and added 19 luxurious EV fashions between 2021 and Q2 2023.

Battery-electric autos now account for 20% of all obtainable luxurious fashions, in contrast with 7% of non-luxury fashions.

Electrek’s Take

Automakers know that luxurious is the market section through which to promote EVs: The EIA says it’s as a result of luxurious car market patrons are extra keen to pay EV worth premiums than non-luxury market patrons.

It additionally famous that “in Q2 2023, battery-electric autos accounted for 32% of complete luxurious gross sales and a bit of over 1% of non-luxury gross sales.”

These percentages actually shine a light-weight on the US EV market section gross sales disparity. If the US is to succeed in the goal set by the Biden administration to have 50% of all new US car gross sales be electrical by 2030, then automakers are going to wish to determine the best way to appeal to extra non-luxury market patrons. The automakers can even must work to get dealerships singing from the identical songsheet.

Learn extra: In a primary, renewables beat coal within the US energy sector in 2022


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