ELECTRIC ENHANCEMENTS
11/26/2024 |
For all the talk of a slowdown in U.S. electric vehicle sales, U.S. drivers purchased 346,000 battery-powered vehicles in 24Q3, a 5% Q-o-Q rise and an 11% Y-o-Y increase. EVs now comprise 9% of new car sales, the highest level on record. Tesla easily retained its EV sales crown by delivering 167,000 vehicles. However, its share is now 48% and continues to decline as more affordable, longer-range vehicles appear.