New Tesla automobiles are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California.
Justin Sullivan | Getty Pictures
DETROIT — Gross sales of all-electric autos and hybrid fashions reached 20% of latest automotive and truck gross sales within the U.S. for the primary time final 12 months — marking a landmark 12 months for “inexperienced” autos however coming at a slower tempo than many had beforehand anticipated.
Auto knowledge agency Motor Intelligence studies greater than 3.2 million “electrified” autos had been offered final 12 months. That features 1.9 million hybrid autos, together with plug-in fashions, and 1.3 million all-electric fashions.
Gross sales of conventional autos with gasoline or diesel inside combustion engines continued to dominate, however declined to 79.8%, falling beneath 80% for the primary time in trendy automotive historical past, in line with the information.
Relating to gross sales of pure EVs, Tesla continued to dominate, however Cox Automotive estimated its annual gross sales fell and its market share dropped to about 49%, down from 55% in 2023. The Tesla Mannequin Y and Mannequin 3 had been estimated to be the best-selling EVs in 2024.
Following Tesla in EV gross sales was Hyundai Motor, together with Kia, at 9.3% of EV market share; General Motors at 8.7%; after which Ford Motor at 7.5%, in line with Motor Intelligence. BMW rounded out the highest 5 at 4.1%.
The EV market within the U.S. is very aggressive: Of the 68 mainstream EV fashions tracked by Cox’s Kelley Blue E book, 24 fashions posted year-over-year gross sales will increase; 17 fashions had been all-new to the market; and 27 decreased in quantity.
There’s extra uncertainty with how gross sales of all-electric and plug-in hybrid electrical autos will carry out this 12 months, pending potential actions by the incoming Trump administration.
At present, gross sales of EVs and plug-in electrical autos are being sponsored by a federal credit score of up to $7,500 for the acquisition of one of many autos, which President-elect Donald Trump might take away, together with other support for EVs.
Cox Automotive is anticipating 2025 to set one other file for EV quantity, at about 10% of latest car gross sales. Together with hybrids, the corporate expects one out of each 4 autos offered to be electrified this 12 months.
— CNBC’s Phil LeBeau contributed to this report.
