US Electrical Automotive Gross sales Up 474% Since Q3 2019, Fossil Automotive Gross sales Down 15%

By Imran Last updated Dec 30, 2024

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I simply printed our huge quarterly report on US auto gross sales tendencies prior to now 5 years, together with brand-specific tendencies. Nevertheless, I’ve carried out one thing else this quarter for the primary time. I’ve crunched the numbers to find out modifications in electrical automobile gross sales and modifications in fossil gas automobile gross sales throughout this time interval, and now I’ve created charts to show this as effectively.

Be aware that “electrical automobile” on this case solely refers to 100% battery electrical vehicles. Plugin hybrids are inherently falling into the fossil gas automobile class. Earlier than I get into these new charts, right here’s yet one more take a look at the general modifications (electrical vehicles plus fossil gas vehicles):

Subsequent, let’s take a look on the modifications in US fossil gas car gross sales. As you may see within the charts beneath, fossil gas vehicles on their very own are down greater than auto gross sales total — down 1% versus 0% in Q3 2024 in comparison with Q3 2023, and down 15% versus simply 8% in comparison with Q3 2019.

On a quantity foundation, fossil gas autos misplaced a whopping 647,000+ quarterly gross sales in Q3 2024 in comparison with quarterly gross sales in Q3 2019. That’s a dramatic loss in quarterly gross sales. There’s no clear rebound both, as 2024 gross sales are even down 34,007 in comparison with Q3 3023.

Yummy, yummy. Now we get to the great things. You may see in these ultimate charts that EV gross sales simply maintain going up and up. They have been 8% increased in Q3 2024 than in Q3 2023, 65% increased than in Q3 2022, 180% increased than in Q3 2021, 349% increased than in Q3 2020, and 474% increased than in Q3 2019.

Almost 300,000 extra electrical vehicles have been offered within the US within the third quarter of 2024 than within the third quarter of 2019.

Electrical automobile gross sales continue to grow, it doesn’t matter what anybody tells you, whereas gasoline automobile gross sales are far beneath the place they have been 5 years in the past. So, the subsequent time somebody tells you EV gross sales are dropping, be at liberty to make use of these charts, or simply the stats, to point out that there’s an enormous distinction between what’s occurring with gasoline automobile gross sales and what’s occurring with electrical automobile gross sales. (And that is the US, not even the tremendous sizzling EV markets of China and Europe.)