Quarter-over-quarter, the United States has seen the share of electric and hybrid vehicle sales increase by around 1%, after a decline in the previous quarter
, with hybrid sales driving the increase, according to the Energy Information Administration EIA on Monday. Citing estimates from Wards Intelligence, the EIA recorded Q2 2024 sales of hybrid, plug-in hybrids HEVs and battery electric vehicles BEVs as having risen from 17.8% to 18.7% from the first quarter to the second, with HEVs driving the increase with a 30.7% jump in sales. After a blip in which EV sales saw numbers drop in the first-quarter, BEV sales for Q2 accounted for 7.1% of the U.S.
BEV sales prices were over 21% higher than the average LDV cost in January, but just under 16% higher than the average LDV cost in June. The EIA also noted that Tesla, the biggest EV manufacturer, is no longer the majority seller, accounting for 48.9% of market share in the second-quarter for the first time since 2017. Legacy manufacturers such as Ford, Chevrolet, Hyundai and Kia have stepped in to absorb some of that market share, with Ford accounting for 8% of EV sales in the second-quarter.
Biden IRA Granholm Automotive Manufacturing EV Prices EV Sales
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Ticks Higher as EIA Reports Inventory Draws Across the BoardCrude oil prices moved higher today, after the U.S. Energy Information Administration reported a decline in crude and fuel inventories
Read more »
Oil Prices Fall After the EIA Reports an Inventory BuildOil prices fell after the EIA reported an unexpected inventory build, countering earlier optimism from the API report.
Read more »
EIA Reports Unexpected Rise in Oil Reserves for Public U.S. CompaniesThe Energy Information Administration reports an increase in proved oil reserves for publicly traded companies, despite rising exploration costs in North America and Latin America.
Read more »
ICMM reports increase in fatalities among company membersIn 2023, 36 workers were killed at mine sites of its members
Read more »
Next weathers the storm as it reports better-than-expected salesThe clothing chain had expected to suffer a dip between April and June compared to last year because of 'exceptionally favourable' conditions in 2023.
Read more »
Charity issues school holiday warning as it reports huge increaseSwitch Up has reported a massive increase in referrals in the first few days of the school holidays
Read more »