Despite everything, US EV sales are up 28% this year
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If this demand is due to the feeling that incentives will disappear in the near future, it may be an aberration, and we may see a reversion to the +8 percent growth rate when 2025 data is available.
Still, I want to emphasize that this is a growth in the rate of sales; acceleration, not total numbers. EVs are here to stay and they will continue to make up a larger and larger portion of the automobile market.
Still, I want to emphasize that this is a growth in the rate of sales; acceleration, not total numbers. EVs are here to stay and they will continue to make up a larger and larger portion of the automobile market.
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off the top of my head but I believe US EV sales market share was like 10% last year.
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We bought our PHEV in early February because we knew prices were likely to rise in the near future.
We had been wanting to put off on a second car for another year or two, but between tariffs and my wife’s RTO mandate our hand was kind of forced.
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EVs are 8.1% of the market according to Cox Automotive, or around 1.3 million vehicles.
Honda sold 1.28M vehicles in the US in 2024. So imagine if every 2024 Honda was an EV.
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Any increase in sales, even temporary, also encourages investment in charging solutions which makes charging easier which encourages additional adoption...
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Why would it? The headline and article are specifically about "US EV sales".
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Close. 8.7% for Q4 2024.
Sales being up right now is probably more tariff coming/incentives ending than anything else. There's no other explanation for the market to double its growth rate like that. Typically, it's abotu 15% growth, with the market share still under 10%.
Fun fact: The overall market share of new EV's sold in the US has never been over 10% so far. And I'm not sure that 8.7 doesn't include new and used, since the statistics doesn't differentiate between new and used combination markets.
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My username has never been this close to being relevant but the only place I've seen these before was the scene on Silicon Valley where Peter Gregory drove one of these.
"That is a narrow car."
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If the market share numbers are indeed including used sales then new EV sales would have to be higher.
Thanks to you and James McP for the official numbers.
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Plug-in market share in 2024 was about 10% in the U.S. and about 20% globally, with China approaching 50%. That’s BEV plus PHEV.
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Used sales are never included when calculating the market share of new vehicles.
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Just because Teslas can be purchased doesn't mean they're a viable option.
Edit: for instance, its CEO has dismantled at least one federal agency investigating the company.
Edit: for instance, its CEO has dismantled at least one federal agency investigating the company.
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Estimates point to no. For all vehicles, Feb 2025 was down ~3% YoY and Jan 2025 was up 3% YoY. Thus, EVs are likely not only selling in higher numbers → they also took greater market share because the overall light vehicle market is virtually flat.
//
Cox Automotive has January 2025 already tabulated. The % are for EV numbers.
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I've always been surprised how tiny the USA's PHEV market is. BEVs exploded in market share past PHEV, far exceeding them since 2022.
2023 Q3: BEV 7.9%, PHEV 2.0% — 4x more BEVs than PHEVs were sold in the US
2024 Q3: BEV 8.6%, PHEV 1.8% — 5x more BEVs than PHEVs were sold in the US
Source, pg 21
PHEVs get so much mindshare (PHEVs include some parallel hybrids and most series hybrids), but they are a shockingly small % of sales. People just go ICE, no plug, or all the way to BEV.
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Yet.
I got the sinking feeling that we will soon wish it was merely a recession.
50% tariffs on steel and aluminum alone will kill the auto industry.
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I think this is the article mentioned:
Global EV Sales Up 50% in February 2025
Raw numbers:No mention of total vehicle sales. They do say that Tesla has dipped in China and crashed in Europe, but don't have North American data.
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If Tesla has a major drop in sales at the same time that that sales increased 28%, that is pretty damning. It also means their competitors are just eating their lunch everywhere.
This is good, because we need the whole auto industry invested in EV's in a way that makes them have efficiencies of scale. There are a lot more good options for EV's these days, and having strong sales growth for your EV's gives the corporations a lot of reasons to invest in them and fight any policies that are intended to kill EV sales.
If Tesla completely implodes who gives a fuck as long as the sector doesn't. The company has been fucking around for a long time and deserves to have hit the find out stage.
This is good, because we need the whole auto industry invested in EV's in a way that makes them have efficiencies of scale. There are a lot more good options for EV's these days, and having strong sales growth for your EV's gives the corporations a lot of reasons to invest in them and fight any policies that are intended to kill EV sales.
If Tesla completely implodes who gives a fuck as long as the sector doesn't. The company has been fucking around for a long time and deserves to have hit the find out stage.
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Teslas are now scams. Real companies that know how to build a damn car have surpasses Tesla and are making EVs people want to buy.
Elmo, on the other hand, is sticking to his grift and hawking cars without turn signal or drive stalks and perpetually promising self-driving “next year.”
Elmo, on the other hand, is sticking to his grift and hawking cars without turn signal or drive stalks and perpetually promising self-driving “next year.”
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https://www.theguardian.com/us-news/2025/mar/11/trump-tesla-boycott-musk
Maybe this is how they stop Tesla sales dropping? Make people buy them because to not buy them is apparently illegal...
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Sir, this is a
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Looks like ICE vehicles are continuing their multi-year slide. I like to point this out in any article about EV adoption. While this one thankfully avoids the "growth is slowing!! EV's are DOOMED!!" slant, I'm not even surprised any more when articles spin it like that. All while ignoring the fact that ICE sales are literally going down, year after year. I mean, if you're going to portend doom to some type of vehicle, wouldn't it be the one whose sales are dropping?
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And don’t forget that not advertising on his Nazi platform is also a crime:
Elon Musk Thinks Advertisers Not Paying Him Money Should Be Illegal
https://prospect.org/justice/2024-08-08-elon-musk-advertisers-twitter-x-lawsuit/
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Yeah, to me PHEVs seem like a really smart compromise. You get 90% of the value of an EV (short commute style trips), but minimize the range anxiety risk and increase efficiency because the car isn't nearly as heavy. I'm not sure on the manufacturing side how much harder it is vs a pure EV. Also downside of not being a giant battery backup for your home is a thing.
Still, it's likely what I would want to get to replace my mazda 3 hatchback eventually once they bring it down to those trims. (And I want a new car..so 2030 ish).
As for the overall EV market, folks with non tesla EVs seem to mostly like them from what I've heard anecdotally, and I get why. I think we will continue to see it slowly creep up, hopefully at the continued cost of TSLA.
Now if BYD was allowed in, they would certainly eat the market up. I do wonder how much of Musk's loyalty to trump is to prevent that. He could basically kill his Musk's wealth overnight given the concentration in Tesla.
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Semi-related to climate change tech: I have definitely pulled the trigger on updating my HVAC system from a Gas Furnace + AC to a variable rate compressor heat pump system because of the tariff fears and the loss of the home improvement tax credit.
I may not even be able to benefit from the home improvement tax credit if they gut it this year but the tariffs would just have spiked the cost significantly either way so I picked a good time to price out some quotes I suppose.
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Because Rho Motion has quoted NA markets together in previous numbers I have seen from them - like they did in their press release about Feb 25 shown in a quote above, and also in their Jan 2025 release
So, given that their public releases tend to combine US+Canada numbers, it's unclear whether the article here is using the non-public numbers for only US, or is also including Canada and some potentially shady accounting.
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Back when there was no charging infrastructure, PHEVs would have been attractive. But they were also basically non-existent. Now the scenarios where you'd need a PHEV over a BEV are pretty niche.
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I've found that confusing.
I talked to some people who read those articles and their media diet is definitely pro-fossil-fuel.
They hadn't considered that generally the cars being taken off the road are old. Maybe an average of 15 years. While new cars stay on the road for a while. So if EV sales rates now are above what they were 15 years ago, then the on-road fraction of EVs should grow, even if the sales growth stopped.
It took them a while to grok it because they had absorbed the relentlessly anti-EV slant from their media.
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