Q2 new electric vehicle sales are up 11% from EV sales in Q2 2023 due mostly to improved availability, higher discounts, and elevated levels of leasing.
The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
Total 2023 EV sales will likely surpass the milestone one million mark next month as the electric vehicle market transforms due to more product and supply and downward pricing pressure.
Tesla’s share fell below 60% for the first time, but the No. 2 seller of EVs in the U.S. – Chevrolet – is a distant second. Numbers will fuel the budding used EV market further.
With the growth of EV models and charging networks, whose connector equipment should become the standard? Will there ever be a one-size-fits-all EV plug-and-port like the common fuel pump nozzle?
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
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