Sales Surge Shows The Electric Car’s Death May Have Been Greatly Exaggerated

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Sales Surge Shows The Electric Car’s Death May Have Been Greatly Exaggerated
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I’m a veteran Chicago-based consumer automotive journalist devoted to providing news, views, timely tips and reviews to help maximize your automotive investments. In addition to posting on Forbes.com, I'm a regular contributor to Carfax.com, Motor1.com, MyEV.

Not even Joe Biden has had as many naysayers in recent months as have electric vehicle s. New reports suggest that the handwringing earlier in the year regarding plummeting electric vehicle sales all but killing off the segment could well have been a premature burial.

And this flies in the face of Tesla sales, once the bellwether measure measurement of the segment’s health, slipping by 6.3% in the second quarter, year over year. KBB data shows Tesla now accounting for 49.7% of all EV sales in the U.S., which is down from a full 75% in 2022. Though its sales are in an overall slump, Tesla’s Model Y electric crossover SUV continues to be king of the hill among EVs, with more than 101,000 units delivered to customers during the second quarter. The next highest-volume EV is Tesla’s Model 3 sedan, at less than 43,000 units. The third highest-selling model, according to KBB, is the Ford Mustang Mach-E, with 12,645 models sold during the second quarter. General Motors came in second to Tesla, with 12,645 EV transactions, overall.

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