Categories: Electric Cars

US: Plug-in Cars Sales Approached 5% Market Share (Q4 2021)

Electrified automobile gross sales, together with hybrids, plug-in hybrids and all-electric, considerably elevated over the course of the previous yr within the US.

A brand new report, launched by the U.S. Vitality Data Administration (EIA) utilizing knowledge from Wards Intelligence, reveals huge progress in all three classes of xEVs (BEVs, PHEVs, HEVs).

As we will see, within the fourth quarter of 2021, the mixed market share of xEVs virtually reached 11%, together with:

  • BEVs: 3.4%
  • PHEVs: 1.4%
  • Whole plug-ins: 4.8%
  • HEVs: 6.1%
  • Whole xEVs: 10.9%

That is the very best degree ever recorded and the largest enchancment because the launch of the Tesla Mannequin 3, when BEVs separated from PHEVs.

EIA notes that a part of the rationale for the shortly growing share of xEVs is that the gross sales of non-hybrid inside combustion engine (ICE) autos decreased.

The all-electric automobile market share in 2020 was estimated by Experian at 1.8% (in comparison with 1.4% in 2019). There’s a huge likelihood that quickly BEVs alone will cross 5%. In California, they’re already near 10%.

The excessive development was achieved even though nearly all of the all-electric vehicles bought within the nation weren’t eligible for the $7,500 federal tax credit score, which in most areas can be the only largest incentive.

Extra graphs present how the variety of plug-in fashions out there in the marketplace elevated over the past a number of years. Curiously, the variety of hybrids decreased:

One other fascinating chart is in regards to the developments particularly segments. Because it seems, the important thing engine for development for plug-ins is the crossover/SUV kind of autos, that are taking nearly all of BEV/PHEV gross sales proper now.

That doesn’t shock us in any respect, contemplating how excessive the curiosity is in vehicles like Tesla Mannequin Y, Ford Mustang Mach-E, Volkswagen ID.4, Hyundai Ioniq 5, and Kia EV6, to call only a few.

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