Individuals purchased greater than 200,000 electrical automobiles within the third quarter — a primary. Electrical automotive gross sales grew quicker than another phase of the auto trade.
Individuals purchased 67% extra electrical automobiles within the third quarter of 2022 than in the identical interval in 2021, in line with our third-quarter Electrified Gentle Automobile Gross sales Report. Total new automotive gross sales fell 0.1% in the identical interval.
Tesla
TSLA,
+3.45%
misplaced floor within the electrical car gross sales race however retains an enormous lead over the sector. Sixty-four % of the EVs Individuals purchased within the third quarter have been Teslas — down from greater than 70% a yr in the past.
However the slip requires some essential context. Tesla gross sales grew all through the quarter, with the corporate dropping floor solely due to new competitors. The Tesla Mannequin Y and Mannequin 3 as soon as once more positioned first and second in EV gross sales, respectively.
The Ford Mustang Mach-E got here in fourth in entrance of the Tesla Mannequin S.
Ford
Gross sales of each fashions grew year-over-year. They symbolize a smaller proportion of the market solely as a result of the market is rising in each path.
Each tendencies — the rising measurement of the EV pie and Tesla’s shrinking share of it — are more likely to proceed within the fourth quarter. A number of EV fashions with excessive gross sales potential have been launched late within the third quarter and had little impact on the outcomes.
The 2022 Chevrolet Bolt EUV
Chevrolet
The Chevy Bolt EV and Bolt EUV (thought of one car for gross sales functions) got here in third, with the Ford
F,
+3.57%
Mustang Mach-E fourth and the Tesla Mannequin S closing out the highest 5.
Take a look at: 3 causes the Hyundai Ioniq 6 makes the Tesla Mannequin 3 appear a bit boring
Gross sales of hybrid automobiles slipped year-over-year. Individuals purchased 206,072 hybrids within the third quarter — 16% fewer than a yr in the past.
Toyota
TM,
+0.39%
stays the dominant power in hybrid gross sales. Forty-seven % of the hybrids Individuals purchased final quarter wore a Toyota badge.
The Toyota RAV4 Hybrid stays America’s best-selling hybrid car.
This story initially ran on KBB.com.