EV, Hybrid Sales Reached Record 20% of US Vehicle Sales In 2024 (cnbc.com) 29
Sales of electric vehicles and hybrids reached 20% of new car sales in the U.S. last year, with Tesla maintaining dominance in the EV market despite a slight decline in market share. CNBC reports: Auto data firm Motor Intelligence reports more than 3.2 million "electrified" vehicles were sold last year, or 1.9 million hybrid vehicles, including plug-in models, and 1.3 million all-electric models. Traditional vehicles with gas or diesel internal combustion engines still made up the majority of sales, but declined to 79.8%, falling under 80% for the first time in modern automotive history, according to the data.
Regarding sales of pure EVs, Tesla continued to dominate, but Cox Automotive estimated its annual sales fell and its market share dropped to about 49%, down from 55% in 2023. The Tesla Model Y and Model 3 were estimated to be the bestselling EVs in 2024. Following Tesla in EV sales was Hyundai Motor, including Kia, at 9.3% of EV market share; General Motors at 8.7%; and then Ford Motor at 7.5%, according to Motor Intelligence. BMW rounded out the top five at 4.1%. The EV market in the U.S. is highly competitive: Of the 68 mainstream EV models tracked by Cox's Kelley Blue Book, 24 models posted year-over-year sales increases; 17 models were all new to the market; and 27 decreased in volume.
Regarding sales of pure EVs, Tesla continued to dominate, but Cox Automotive estimated its annual sales fell and its market share dropped to about 49%, down from 55% in 2023. The Tesla Model Y and Model 3 were estimated to be the bestselling EVs in 2024. Following Tesla in EV sales was Hyundai Motor, including Kia, at 9.3% of EV market share; General Motors at 8.7%; and then Ford Motor at 7.5%, according to Motor Intelligence. BMW rounded out the top five at 4.1%. The EV market in the U.S. is highly competitive: Of the 68 mainstream EV models tracked by Cox's Kelley Blue Book, 24 models posted year-over-year sales increases; 17 models were all new to the market; and 27 decreased in volume.
Lumping them in (Score:2)
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At the end of the day, in this economy, few have the income to afford new cars - and cost is almost always going to win out. That's usually bad news for EVs.
Actually, EVs were one of the better deals in the used car market, thanks to the $4k tax credit and EV FUD in general keeping people from getting into bidding wars over them. Hell, at the height of the used car pricing nuttiness, I was able to do what was literally an even swap from a 2019 Nissan Versa to a Chevy Bolt. The best part was, the Bolt had a brand new battery installed due to the recall.
The incoming administration has it in for EVs and I'm sure we'll see a bit of cooling in the EV market once t
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The incoming administration has it in for EVs and I'm sure we'll see a bit of cooling in the EV market once the tax credits go *poof*. Elections have consequences and all that jazz.
Surely Elon's $250,000,000 campaign contribution wasn't in vain?
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I'm curious what makes a hybrid these days. I've seen some light/mild hybrids that have a beefier battery bank and larger starter motor due to the autostart stuff the CAFE regs mandate. From there, electric motors sharing the drivetrain, then you have series hybrids which have a generator or range extender on a pure BEV.
For example, the Volt and the RAMCharger are both series hybrids, but because they have a gas engine, are not "pure" EVs, although if the gasoline engine is obliterated, the vehicle would
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IMHO it shouldn't be called a hybrid unless it can be charged by plugging in, and run for at least a few miles just on the battery.
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The plug-in kind are called PHEVs, the other HEVs. Unfortunately TFS doesn't break them down.
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IMHO it shouldn't be called a hybrid unless it can be charged by plugging in, and run for at least a few miles just on the battery.
While it may seem like an important distinction, some plug-in hybrid owners don't even utilize their vehicles' plug-in capabilities. According to ChatGPT:
Around 20-40% of PHEV owners may not regularly plug in their vehicles.
A smaller subset, around 10-20%, reportedly never plug in their cars.
In that regard, it's not entirely unreasonable to lump all hybrids together into the same category, because they can still be used as entirely gas-fueled vehicles out of laziness or necessity (such as being parked at a
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I read about this as well. It genuinely surprises me, because the #1 reason that a PHEV is most likely going to be my next vehicle is exactly this. For daily commutes, it can run from power charged overnight, as I'm lucky enough to have 240 volts with enough amps outside for a charger. However, when one needs to go on a trip and not worry about charger availability, no worry about range anxiety or making sure to charge. Best of all worlds.
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A hybrid has both an electric motor and an ICE engine. Whether the ICE engine can drive the wheels mechanically doesn't matter - it's still a hybrid vehicle.
Hybrids combine the worst of both worlds - all the maintenance involved with an ICE vehicle (more in fact), added complexity, and adding the weight of a battery as well.
Oh, and not every mechanic can work on a hybrid - they need special training to handle the electrical danger as well. So said mechanic of course costs more in the end because of the trai
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Hybrids combine the worst of both worlds - all the maintenance involved with an ICE vehicle (more in fact), added complexity, and adding the weight of a battery as well.
It's usually a relatively small/light battery, though. There's no need to carry around a big, heavy battery when having a gas engine makes range anxiety a non-issue.
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Most just enables them to boost the city MPGs.
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TFS provides a breakdown. 1.3 million pure EVs. 1.9 million hybrids. The later is misleading, as they include both plug-in hybrids and those that can't be plugged in. The PHEV total should be separate from HEV.
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What's not misleading are the numbers on the EV sales. 1.3M in 2024 vs 1.22M in 2023. Quite the contrast with the headline/TFS about "electrified vehicles "increasing" to 20%.
As for this "electrified vehicle" thing, it is just hilarious. Every teslarati would have sworn until yesterday that a hybrid is "the worst of both worlds" and a "fossil car", and yet, suddenly...
Re: Lumping them in (Score:2)
I am not a Teslarati. Personally think HEVs are fine if one has no place to charge at home or work.
A PHEV with sufficient electric range should work for everybody. I love my 2015 Volt. But it's not longer on the market. And the PHEVs that remain mostly have too low of an EV range.
Obviously, an EV will not work in all situations.
My guess is the vast majority of those 1.9 million hybrids are HEVs and not PHEVs.
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https://caredge.com/guides/ele... [caredge.com]
So, most 'EV's are not BEV ('pure' EV's), but 8.5% to 10% is fairly close. Closer than I would have guessed. Toyota is at 45% of their vehicles being some sort of EV and I'm sure most of theirs are oldskool Hybrid.
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"At the end of the day, in this economy, few have the income to afford new cars"
Well, the statistic was "of new cars sales," so it's only looking at the purchasing behavior of those who can afford new cars. Or technically, those who purchase new cars, whether they can afford them or not.
The anti-EV FUD on the right and the anti-Elon sentiment on the left are both hurting EV sales, with the US lagging behind most other developed countries now.
And while many people complain that plug-in hybrids are so often
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The anti-EV FUD on the right and the anti-Elon sentiment on the left are both hurting EV sales, with the US lagging behind most other developed countries now.
We're lagging behind because the US decided to slap massive tariffs on Chinese EVs, and not everyone can afford or even wants a Tesla. I test drove a Model 3 with my partner a bit over a year ago and really wasn't all that impressed with it.
This week electric sales are good (Score:1)
Next week media will spin some new numbers and say the sky is falling.
Re:This week electric sales are good (Score:5, Informative)
Next week media will spin some new numbers and say the sky is falling.
Next week Trump will be in office and the Trump transition team plans sweeping rollback of Biden EV, emissions policies [reuters.com] so that part of sky might actually start falling ...
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Rather hilariously, that article includes the oft-mentioned Musk quote about how he believes the ending of the tax credit will hurt Tesla's competitors more than Tesla. I wasn't aware that Tesla had any ICE models to fall back on like its competition does, but maybe Musk has just been waiting for the right moment to reveal his new V8-powered Cybertruck.
From where I sit, it just looks like a case of sucking dick to own the libs, because there's no good reason to be a cheerleader for the interests of the pet
Re: This week electric sales are good (Score:2)
Didn't Tesla hit some threshold where its cars no longer qualify for tax credits or something?
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Didn't Tesla hit some threshold where its cars no longer qualify for tax credits or something?
That was the previous EV tax credit. The current one restored Tesla's eligibility based on certain battery sourcing criteria, which IIRC, only the base version of the Model 3 does not presently meet. The new Tesla vehicles which qualify for the tax credit are:
Cybertruck Dual Motor
Cybertruck Single Motor
Model 3 Long Range All-Wheel Drive
Model 3 Long Range Rear-Wheel Drive
Model 3 Performance
Model X All-Wheel Drive
Model Y Long Range All-Wheel Drive
Model Y Long Range Rear-Wheel Drive
Model Y Performance
The lis
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Rather hilariously, that article includes the oft-mentioned Musk quote about how he believes the ending of the tax credit will hurt Tesla's competitors more than Tesla. I wasn't aware that Tesla had any ICE models to fall back on like its competition does, but maybe Musk has just been waiting for the right moment to reveal his new V8-powered Cybertruck.
From where I sit, it just looks like a case of sucking dick to own the libs, because there's no good reason to be a cheerleader for the interests of the petroleum and ICE manufacturing industries when you also happen to be the owner of an exclusively electric auto manufacturer.
I think it's more nuanced than that.
Tesla is - sort of - a mature company with a stable market. They're the most recognized brand in BEV. Everyone else is either basically a start-up like Rivian, or in a transition phase where they've dumped huge, huge investments in R&D and factory tooling to produce some EVs. Folks like Ford and GM and Stelantis were projecting a certain curve of uptake on their new EV offerings, and the costing on their expenses to get into the EV market were predicated on that
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Incidentally, this is precisely how the "three big" saw things in the 1980s, when they pushed for measures to make US car market less accessible to foreign brands.
A decade later this resulted in the near collapse of the US automobile industry, something it didn't recover from.
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Re: This week electric sales are good (Score:2)
CARB states account for 45% of EV sales, and California alone for 35%. There has been talking of increasing state subsidies for EVs in CA if the federal ones go away.