A Tesla dealership shows off new Tesla vehicles on December 20, 2024 in Corte Madera, California.
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DETROIT — Sales of all-electric and hybrid vehicles reached 20% of U.S. new car and truck sales for the first time last year, marking a landmark year for “green” vehicles but growing faster than many had expected Be slow.
Automotive data company Motor Intelligence reports that more than 3.2 million “electric” vehicles were sold last year. This includes 1.9 million hybrid vehicles (including plug-in models) and 1.3 million fully electric vehicles.
The data showed that sales of traditional cars with gasoline or diesel internal combustion engines continued to dominate, but fell to 79.8%, with Hyundai falling below 80% for the first time in history.
In terms of sales of pure electric vehicles, Tesla It continues to dominate, but Cox Automotive estimates its annual sales have declined, with its market share falling to around 49% from 55% in 2023. Tesla Model Y and Model 3 are expected to be the best-selling electric vehicles in 2024.
Tesla is followed in electric car sales by modern carincluding Kia, which holds 9.3% of the electric vehicle market share; General Motors 8.7%; further Ford Motor Company According to Motor Intelligence, the ratio is 7.5%. BMW rounds out the top five with a 4.1% share.
The U.S. electric vehicle market is highly competitive: among the 68 mainstream electric vehicle models tracked by Cox-Kelly Blue Book, 24 have experienced year-on-year sales growth; 17 are newly launched; and 27 have decreased in quantity.
There is more uncertainty about the sales performance of all-electric and plug-in hybrid vehicles this year, pending potential upcoming actions Trump administration.
Currently, sales of electric vehicles and plug-in electric vehicles are subsidized by federal credits Up to $7,500 Buy one of these vehicles and get elected president Donald Trump can be deleted, along with Additional support for electric vehicles.
Cox Automotive expects electric vehicle sales to reach another record in 2025, accounting for about 10% of new vehicle sales. Including hybrids, the company expects one in every four cars sold this year to be electric.
—CNBC’s Phil LeBeau contributed to this report.
