Hybrid, plug-in hybrid, and battery EVs collectively accounted for 16% of US light-duty car gross sales within the second quarter of 2023, in response to the US Power Data Administration (EIA).

EV gross sales are on the rise within the US

The EIA, which reviewed information from Wards Intelligence, additionally notes that inversely, gross sales have additionally decreased for gasoline and diesel automobiles.

US EV gross sales development was largely right down to new producer choices throughout completely different market segments – extra on that later – though present fashions additionally made up a few of the leap in gross sales.

Producers diminished the variety of ICE car fashions from 318 to 297 between 2021 and Q2 2023, they usually elevated the variety of battery-electric fashions from 34 to 55. (The EIA categorizes a single car mannequin as together with one nameplate and all of the accessible trim ranges related to that nameplate.)

It was the luxurious car market that captured 18% of complete new car gross sales in Q2 2023, up from 14% in 2020, and a lot of the EV uptake is going down in within the luxurious phase. Automakers canceled 17 luxurious ICE car fashions and added 19 luxurious EV fashions between 2021 and Q2 2023.

Battery-electric automobiles now account for 20% of all accessible luxurious fashions, in contrast with 7% of non-luxury fashions.

Electrek’s Take

Automakers know that luxurious is the market phase through which to promote EVs: The EIA says it’s as a result of luxurious car market consumers are extra prepared to pay EV worth premiums than non-luxury market consumers.

It additionally famous that “in Q2 2023, battery-electric automobiles accounted for 32% of complete luxurious gross sales and just a little over 1% of non-luxury gross sales.”

These percentages actually shine a lightweight on the US EV market phase gross sales disparity. If the US is to succeed in the objective set by the Biden administration to have 50% of all new US car gross sales be electrical by 2030, then automakers are going to want to determine methods to appeal to extra non-luxury market consumers. The automakers may even have to work to get dealerships singing from the identical songsheet.

Learn extra: In a primary, renewables beat coal within the US energy sector in 2022

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