EV Sales Hit Record High in Q2 2022 – Green Fleet

In the same quarter last year, 19 EV models were for sale in the U.S. Compare this to 33 models this year.  -  Photo: Canva

In the identical quarter final yr, 19 EV fashions had been on the market within the U.S. Evaluate this to 33 fashions this yr.

Picture: Canva

New vehicle sales within the second quarter struggled, up solely modestly from the primary quarter and down greater than 20% from Q2 2021, Cox Automotive lately reported. There have been a couple of optimistic notes within the Q2 gross sales numbers, although, and amongst them, EV gross sales stood out. Gross sales of battery-powered electrical automobiles – pure EVs – jumped to 196,788, representing a document excessive and a 13% enhance from Q1.

The Kelley Blue E book staff has launched their finest estimates of electrified automobile gross sales in Q2.

While new vehicle sales in general struggled in Q2, pure EVs were a shining star in the stats. Noteworthy, sales of hybrids and plug-in hybrids dropped in the same period.  -  Source: Cox Automotive

Whereas new automobile gross sales generally struggled in Q2, pure EVs had been a shining star within the stats. Noteworthy, gross sales of hybrids and plug-in hybrids dropped in the identical interval.

Supply: Cox Automotive

Cox supplied these 10 fast takeaways from the report:

Tesla stays the dominant participant within the luxurious market in whole. In Q2, Tesla was the top-selling luxurious model within the U.S., outpacing Audi, BMW, Cadillac, Lexus, Mercedes-Benz, and so on. As new EV fashions proceed to enter the market, Tesla’s share of the EV section is dropping. Final quarter, it fell to 66%, down 9% from Q1. Nonetheless, Tesla’s EV share is predicted to shrink because the EV market develop. The larger story is Tesla’s continued development. Final quarter, the model practically outsold Subaru in the united statesSales of electrified automobiles – mixed EVs, hybrids, and fuel-cell-powered automobiles – jumped to 442,740 in Q2, a rise of 12.9% from year-ago ranges. Electrified automobiles account for 12.6% of the U.S. market final quarter.In Q2, EV gross sales accounted for five.6% of the entire market, a rise from 5.3% in Q1 and a document excessive. EV share in Q2 2021 was 2.7%. With fuel costs above $5 in Q2, interest in hybrids and EVs surged. Nevertheless, gross sales of hybrids and plug-in hybrids dropped 10.2% in Q2 year-over-year, as tight stock held gross sales in test. Nonetheless, hybrid gross sales elevated in comparison with Q1 to 245,204. The Jeep Wrangler 4xe was the top-selling plug-in hybrid within the U.S. final quarter.In Q2 2021, there have been 19 EV fashions on the market within the U.S. One yr later, the quantity jumped to 33. Newly launched EV fashions accounted for practically 30,000 gross sales in Q2 2022. The Hyundai IONIQ 5 was the most well liked newcomer, with 7,448 gross sales in Q2 2022.After by means of months of no manufacturing attributable to battery points, the Chevy Bolt EV is working once more. Practically 7,000 had been bought in Q2.  Toyota continues to be the highest participant in hybrid powertrains. Within the first half of 2022, roughly 55% of all hybrids bought within the U.S. had been bought by Toyota and Lexus sellers. Ford was the No. 2 hybrid vendor, with 11.7% share. Electrified pickup vans are rising in recognition. EV fashions (Hummer, R1T, Lightning) and hybrids (Maverick, F-Sequence) at the moment are accessible and greater than 45,000 had been bought within the first half of 2022.EV costs stay elevated. In response to Kelley Blue E book, the common worth for a brand new electrical automobile in June was greater than $66,000, properly above the business common and extra aligned with luxurious costs than mainstream costs. 

Find the KBB Electrified Light-Vehicle Sales Report report here.

Initially posted on Vehicle Remarketing

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