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New Tesla cars are unveiled at a Tesla dealership on December 20, 2024 in Corte Madera, California.
Justin Sullivan | Getty Images
DETROIT – Sales of electric vehicles and hybrid models reached 20% of new car and truck sales in the United States for the first time last year – marking a landmark year for “green” vehicles, but they are coming at a slower pace than many had previously anticipated. .
Auto data firm Motor Intelligence reports that more than 3.2 million “electrified” vehicles were sold last year, or 1.9 million hybrid vehicles, including plug-in models, and 1.3 million all-electric models.
Traditional vehicles with gas or diesel internal combustion engines still make up the majority of sales, but have declined to 79.8%, falling below 80% for the first time in modern automotive history, according to the data.
In terms of pure EV sales, Tesla continued to dominate, but Cox Automotive estimated that its annual sales fell and its market share fell to about 49%, from 55% in 2023. The Tesla Model Y and Model 3 were estimated to be l Best-selling EVs in 2024.
After Tesla in sales of EV was Hyundai Motorincluding Kia, at 9.3% of the EV market share; General Motors to 8.7%; and then Ford Motor to 7.5%, according to Motor Intelligence. BMW rounded out the top five at 4.1%.
The EV market in the United States is very competitive: Of the 68 mainstream EV models tracked by Cox’s Kelley Blue Book, 24 models posted year-over-year sales increases; 17 models were all new to the market; and 27 decreases in volume.
There is more uncertainty about how sales of all-electric and plug-in hybrid electric vehicles will play out this year, pending potential actions by entrants. The Trump administration.
Currently, the sale of EVs and plug-in electric vehicles are subsidized by a federal credit of up to $7,500 for the purchase of one of the vehicles, which the elected president Donald Trump could delete, with other support for EVs.
Cox Automotive expects 2025 to set another record for EV volume, at about 10% of new vehicle sales. Including hybrids, the company projects one out of every four vehicles sold to be electrified this year.
— CNBC’s Phil LeBeau contributed to this report.
