The Tesla Mannequin Y gross sales comprised over a 3rd of all electrical automobile (EV) gross sales within the U.S. within the first quarter, as proven in new information launched this week.
Automotive gross sales information from Kelley Blue E book exhibits that EV gross sales development slowed down within the first quarter, and whereas dominant market chief Tesla wasn’t immune to those results, the U.S. automaker’s gross sales remained far forward of opponents. Whereas Tesla’s gross sales general represented 51.3 % of the general EV section, the Mannequin Y alone led the pack, making up a 35.4 % section share general with 96,729 models offered.
Tesla’s Mannequin 3 sedan adopted behind the Mannequin Y with an 11.3 % section share, whereas the remainder of the highest 5 included the Ford Mustang Mach-E (3.5 %), the Rivian R1S (2.9 %) and the Ford F-150 Lightning (2.8 %). Nevertheless, EV market share throughout all automobile gross sales landed at 7.3 % in Q1, down from 8.1 % in This fall and from the 7.6 % throughout all of 2023.
“Electrical automobile gross sales within the U.S. declined throughout Q1 2024 – the primary quarter-over-quarter downturn since Q2 2020,” stated Stephanie Valdez Streaty, Cox Automotive’s Director of Business Insights.
“As anticipated, Tesla’s gross sales took successful, influencing the general market dynamics. Nevertheless, just a few manufacturers noticed vital EV gross sales will increase, reaching over 50% year-over-year development. As famous in January, we’re calling 2024, ‘the Yr of Extra’. Extra new merchandise, extra incentives, extra stock, extra leasing and extra infrastructure will drive EV gross sales larger this yr. Even so, we’ll proceed to see ups and downs because the business strikes in direction of electrification.”
Tesla final yr made up over half of all U.S. EV gross sales with the Mannequin Y and Mannequin 3, and past the nation, the Mannequin Y went on to turn out to be the world’s finest promoting automobile general in 2023. The info additionally comes simply weeks after experiences famous that the adoption of battery-electric autos (BEVs) had reached an important tipping level in 31 nations worldwide, and forward of EV gross sales targets aiming to phase-out gasoline automobile gross sales over the subsequent six years.
Prime 10 EVs offered within the U.S. in Q1
Tesla Mannequin Y — 96,729 models; 35.4 %
Tesla Mannequin 3 — 30,842 models; 11.3 %
Ford Mustang Mach-E — 9,589 models; 3.5 %
Rivian R1S — 8,017 models; 2.9 %
Ford F-150 Lightning — 7,743 models; 2.8 %
Chevy Bolt EV/EUV — 7,040 models; 2.6 %
Hyundai Ioniq 5 — 6,822 models; 2.5 %
Volkswagen ID.4 — 6,167 models; 2.3 %
Cadillac Lyric — 5,800 models; 2.1 %
Tesla Mannequin X — 5,607 models; 2.1 %
You’ll be able to see the total EV gross sales report for Q1 2024 from KBB right here.
California made up a 3rd of all U.S. BEV gross sales in 2023
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