Tesla, Ford, & Chevrolet Lead US EV Gross sales — Charts

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US electrical automobile gross sales elevated 15% within the 4th quarter of 2024 over the 4th quarter of 2023. It was fairly good progress for the EV market. Let’s dive in just a little additional to the main points of EV gross sales within the quarter. We’ll begin by gross sales by mannequin.

The Tesla Mannequin Y and Tesla Mannequin 3 proceed to dominate US EV gross sales. Even when gross sales are down, no different fashions are catching them anytime quickly.

After that, it was stunning to see the Honda Prologue climbed into third. The Prologue isn’t essentially the most spectacular steadiness between specs and worth, however I assume that that exhibits the robust energy of Honda’s model. Anyway, congrats to Honda on that one.

Then in 4th we’ve obtained the 2024 CleanTechnica Automotive of the 12 months, the Chevy Equinox EV. Undoubtedly, it is a nice automobile for the cash, and the gross sales are displaying that. One different good factor I’d word about it’s I’m now seeing advertisements for the automobile steadily. Is Chevrolet actually making an attempt to promote an electrical automobile for as soon as???

The Ford Mustang Mach-E rounds out the highest 5, after which proper behind it’s the Hyundai IONIQ 5.

Word that fashions #3 by way of #5 there are 3 of the ten fashions I identified on Friday may very well be thought-about aggressive with the Tesla Mannequin Y on worth and vary.

The Tesla Cybertruck nonetheless received the electrical pickup truck gross sales award, adopted intently by the Ford F-150 Lightning although.

Trying by model, Tesla took 44.9% of the market. That’s nonetheless spectacular, after all, nevertheless it retains dropping. It simply dropped under 50% in mid 2024 for the primary time in a few decade, and it’s down removed from a peak of about 80%. However, then once more, you’d must count on that as different automakers began making an attempt to really promote electrical autos. Although, Tesla’s gross sales (not simply market share) dropped yr over yr, whereas the general EV market was up.

Maybe surprisingly, Ford got here in second place within the 4th quarter, not too far forward however solidly forward of #3 Chevrolet. So, regardless that the Chevrolet Equinox EV has the sting over the Ford Mustang Mach-E in gross sales, Ford has the general edge as a model.

There’s then a major drop-off from Chevrolet all the way down to #4 Honda(!) and #5 Hyundai. Then you definitely’ve obtained one other hole earlier than the block of #6 Rivian, #7 BMW, and #8 Kia.

Then you definitely get to volumes so low it’s annoying to even report on them.

After we look by at issues by auto group, Tesla continues to be in the identical place, after all, however GM takes second place. Apparently, Ford Motor Co. doesn’t even get third, as Hyundai–Kia are available in solidly above it. Honda Motor Co. then closes out the highest 5 because it retains climbing up the ladder.

Taking a look at maybe my favourite chart, we will see how a lot general EV gross sales, how a lot Tesla gross sales, and the way a lot non-Tesla EV gross sales grew from This autumn 2022 to This autumn 2023 to This autumn 2024. Sadly, the rise from This autumn 2023 to This autumn 2024 is way smaller than the rise from This autumn 2022 to This autumn 2023. Whereas Tesla is clearly a part of the explanation for that, as its gross sales decreased from This autumn 2023 to This autumn 2024, it’s also possible to see that the expansion of non-Tesla EV gross sales from This autumn 2023 to This autumn 2024 was notably smaller than the expansion from This autumn 2022 to This autumn 2023.

That is maybe a extra dramatic method to have a look at the change in gross sales yr over yr and in comparison with This autumn 2022.

To wrap up, we’ll take a look at the adjustments in gross sales by mannequin.

The Honda Prologue and Chevy Equinox had robust arrivals onto the market in 2024, and people had gotten particularly robust by the 4th quarter. The virtually model new Tesla Cybertruck and the refreshed Tesla Mannequin 3 additionally did fairly nicely. Then you definitely’ve obtained the brand new Chevy Blazer EV earlier than you get to some extra actual year-over-year comparisons, the Hyundai IONIQ 5 and Kia EV9 rising fairly nicely in This autumn 2024.

Proportion sensible, the Tesla Cybertruck and Chevy Blazer EV benefited from having only a few gross sales in This autumn 2023 to land dramatic proportion will increase in This autumn 2024. Chopping them off the chart, we will see nice progress from the Jaguar I-PACE, the Kia EV9, and the Chevy Silverado EV.

We’ll take a look at 2024 gross sales as a follow-up and see what was notably completely different throughout the complete yr as an alternative of simply the 4th quarter. Keep tuned.