Even though Americans bought more new electric vehicles in the third quarter, EV sales represented a smaller portion of overall new car sales.
EVs' share of the U.S. light-duty vehicle market dropped from 7.4% in Q2 to 7% in Q3. Combined sales of electrified vehicles increased, thanks to strong sales of non-plug-in hybrids. EV sales year over year are still up compared to 2023. Although Americans bought more new electric vehicles in the third quarter of 2024 than in the previous quarter, EVs had a lower share of the light-duty vehicle market in Q3. Their share dropped from 7.4% in Q2 to 7% in Q3.
That's because the data considers Tesla a luxury manufacturer, and the company still accounts for around half of all EVs sold. Plus, there's an acute lack of affordable EVs in the U.S., so the average price of a new EV before incentives in Q3 was $56,351, or 16% higher than the national average. Get the best news, reviews, columns, and more delivered straight to your inbox. back Sign up For more information, read ourPrivacy Policy and Terms of Use.
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