EV Gross sales Hit New Document Regardless of Down Auto Market – Inexperienced Fleet
EV gross sales within the U.S. in 2022 soared as new fashions, resembling this 2023 Nissan LEAF, and excessive curiosity pushed gross sales volumes previous 800,000 for the primary time.
In an auto market that noticed complete new automobiles fall 8% 12 months over 12 months, battery-electric automobiles (EVs) gross sales have been a vibrant spot.
Even with excessive costs, EV gross sales within the U.S. in 2022 soared, as new fashions and excessive curiosity pushed gross sales volumes previous 800,000 for the primary time, in response to Kelley Blue E-book estimates, a rise of 65% versus 2021. EV share of the entire market hit 5.8%, up from 3.2% in 2021.
By comparability, complete new-vehicle gross sales within the U.S. fell in 2022 to 13.8 million models, down from 15 million in 2021 and nicely down from the 17.3 million the market delivered 5 years in the past in 2018, in response to the most recent counts from Kelley Blue E-book launched Jan. 17.
Because the analysts at Cox Automotive reported earlier this week throughout the annual Business Insights and Forecast Name, the U.S. market began the 12 months fighting extraordinarily low new-vehicle stock and ended the 12 months with falling new-vehicle demand, as greater rates of interest and elevated new-vehicle costs despatched many would-be consumers to the sidelines. On the finish of December, the common transaction value for a brand new car was approaching the $50,000 mark.
New EVs proceed to be costly in comparison with the general market, however there are indicators costs are coming down. EV-leader Tesla introduced massive value cuts not too long ago, and new fashions on the horizon from mainstream makers resembling Common Motors promise “extra inexpensive” EV pricing. Tesla remains to be far and away the EV market chief – and total luxurious car chief for the second straight 12 months, in response to Kelley Blue E-book estimates – however Tesla’s share of the EV market continues to tumble, as forecast, falling beneath 60% for the primary time in This fall of 2022.
Even with fast EV development, 94% of recent automobiles offered within the U.S. final 12 months had a gasoline tank within the again and a combustion engine up entrance. That is the EV Decade, however the market is a good distance from changing into an EV market. Cox Automotive is forecasting 1 million EV gross sales within the U.S. for the primary time ever in 2023, which is able to push EV share greater. With new government-backed incentives and recent product set to launch, passing 1 million is all however assured.
Initially posted on Charged Fleet
