A Tesla dealership displays new Tesla vehicles on December 20, 2024 in Corte Madera, California.
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DETROIT — Sales of all-electric and hybrid vehicles reached 20% of U.S. new car and truck sales for the first time last year, marking a landmark year for “green” vehicles but growing faster than many had previously expected. Be slow.
Automotive data company Motor Intelligence reports that more than 3.2 million “electric” vehicles were sold last year. This includes 1.9 million hybrid vehicles (including plug-in models) and 1.3 million fully electric vehicles.
Data show that sales of traditional cars using gasoline or diesel internal combustion engines continued to dominate, but dropped to 79.8%, falling below 80% for the first time in the history of modern cars.
In terms of sales of pure electric vehicles, Tesla It continues to dominate, but Cox Automotive estimates its annual sales have declined, with its market share falling to around 49% from 55% in 2023.
Electric car sales are closely followed by Tesla modern carincluding Kia, accounting for 9.3% of the electric vehicle market share; General Motors 8.7%; further Ford Motor Company According to Motor Intelligence, the ratio is 7.5%. BMW rounded out the top five with a 4.1% share.
The U.S. electric vehicle market is highly competitive: among the 68 mainstream electric vehicle models tracked by Cox-Kelly Blue Book, 24 have increased sales compared with the same period last year; 17 are newly launched; and 27 have decreased in quantity.
There is more uncertainty about the sales performance of all-electric and plug-in hybrid vehicles this year, pending possible action by the incoming Trump administration.
Currently, sales of electric and plug-in electric vehicles are subsidized with a federal credit of up to $7,500 toward the purchase of one of the vehicles, but President-elect Donald Trump may eliminate that subsidy and other support for electric vehicles.
Cox Automotive expects electric vehicle sales to hit another record in 2025, accounting for about 10% of new vehicle sales. Including hybrids, the company expects one in every four cars sold this year to be electric.
—CNBC’s Phil LeBeau contributed to this report.
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