EV Share Falls Below 10% in Q1

By Staff Writer July 08, 2024
The Jeep Wrangler 4xe was the best-selling PHEV in 2023. Quarterly sales of BEV and PHEV UVs have grown from about 19 percent of EVs at the start of 2020 to 77 percent in the first quarter of 2024. The Jeep Wrangler 4xe was the best-selling PHEV in 2023. Quarterly sales of BEV and PHEV UVs have grown from about 19 percent of EVs at the start of 2020 to 77 percent in the first quarter of 2024.

Alliance for Automotive Innovation released its exclusive state-by-state analysis of the U.S. electric vehicle (EV) market for Q1 2024.

The Get Connected Electric Vehicle Report (Q1 2024) summarizes EV sales and purchasing trends across all 50 states.

This report includes a breakdown of light-duty market share by powertrain (2016-2024) and an update on EVs eligible for the federal 30D EV tax credit.

Sales up year-over-year, but down sequentially:

  • EVs represent 9.3 percent of new light-duty vehicle sales in Q1 2024, down from 10.2 percent in Q4 2023 and up from 8.6 percent in Q1 2023.
  • 113 EV cars, utility vehicles, pickup trucks and van models now available for sale in the U.S. in Q1 2024. Light truck sales represent 84 percent of EV market.
  • EV market share increased in 37 states in Q1 2024 compared to Q1 2023.
  • Top five list for EV sales in Q1 2024: California (24.8 percent); Washington (20.2 percent); District of Columbia (19.5 percent); Colorado (18.3 percent) and Hawaii (16.0 percent).
  • More than 344,000 EVs sold in U.S. in Q1 2024, a 13 percent increase over Q1 2023.
  • Total light-duty sales (all powertrains) increased 4.2 percent; internal combustion engine (ICE) vehicle market share contracted 4.6 percent.

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Last modified on Friday, 12 July 2024 10:52