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Following our report on This fall auto gross sales within the US, together with pure electrical car (EV) gross sales versus fossil gas car (FFV) gross sales, we’ve obtained a brand new, a lot larger report — nicely, it’s the identical dimension and kind of report, however it’s for full-year gross sales quite than 4th quarter gross sales. Like within the quarterly report, we’re going deep, method again to 2019 — the final pre-COVID yr.
Additionally, we’ll take a look at industry-wide traits, we’ll take a look at brand-specific traits, and we’ll take a look at EV versus FFV gross sales.
Initially, in comparison with yearly since COVID-19 hit, we are able to see that US auto gross sales grew in 2024. In comparison with 2023, auto gross sales have been up a modest 3% in 2024.
Nevertheless, once we strip out fossil gas car gross sales and electrical car gross sales, we see very completely different traits. Effectively, like in total auto gross sales, fossil gas car gross sales have been up barely in comparison with 2023 gross sales, up barely in comparison with 2020 gross sales, and up so much in comparison with 2022 gross sales. Additionally, they have been down — however rather more significantly (by 12%) — in comparison with 2019 fossil gas car gross sales. (They have been additionally down, by 5%, in comparison with 2021 gross sales.)
That leads us to electrical car gross sales….
Pure battery-electric automobiles didn’t have any down years on this 5-year time interval. 2024 EV gross sales have been up 7% in comparison with 2023 EV gross sales, up 61% in comparison with 2022 EV gross sales, up 166% in comparison with 2021 EV gross sales, up 406% in comparison with 2020 EV gross sales, and up a whopping 478% in comparison with 2019 EV gross sales — EV gross sales the yr earlier than COVID-19 hit.
So, we get the highlights famous within the headline — fossil gas car gross sales declined 12% from 2019 to 2024, whereas electrical car gross sales elevated 478%.
Simply take a look at 2024 gross sales by auto model, we’ve got the chart above. There’s nonetheless the true “huge 3” — Toyota, Ford, and Chevrolet — and Honda type of shut behind them. Totally electrical Tesla got here in ninth in 2024. That’s down from eighth in 2023, however it’s up from twelfth in 2022, thirteenth in 2021, seventeenth in 2020, and nineteenth in 2019.
As for different absolutely electrical car manufacturers, nicely … they’re nonetheless down on the backside of the rating. That will be Rivian, Lucid, Polestar, Brightdrop, and Fiat.
The draw back for absolutely electrical Tesla in 2024 is that it misplaced the fifth most gross sales volume-wise in comparison with 2023 amongst all auto manufacturers (-20,201 gross sales, or 3%). Moreover, Polestar dropped essentially the most percentage-wise (-30%).
On the upside, three absolutely electrical manufacturers noticed the very best share progress in 2024 vs. 2023. Brightdrop grew 208%, Fiat grew 153%, and Lucid grew 53%. Rivian additionally grew, however by simply 3%.
For comparisons to earlier years, you’ll be able to look by the next charts by yourself, and I’ll return on the finish for commentary on comparisons to 2019.
Evaluating 2024 to five years prior, 2019, the most important spotlight is Tesla’s large progress. The corporate’s US gross sales grew by 442,523 items, or 235%. It’s gorgeous progress. Regardless of the drop in gross sales in comparison with 2023, Tesla remains to be up enormously over this previous half-decade.
To wrap up, the next mega-chart enables you to study every model’s annual gross sales adjustments from 2019 by 2024. There’s a static model, after which there’s an interactive model that’s significantly better — however you most likely have to view that on an actual pc (not a telephone). The static chart is unquestionably a lot simpler to view on an enormous gadget as nicely.
Another ideas from these numbers and gross sales traits?
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