Thanks To Price Drops, EVs and Hybrids Grow To 18% Of U.S. Vehicle Sales
The U.S. Energy Information Administration (EIA) has announced that, according to Wards Intelligence data, the sales of hybrid, plug-in hybrid, and battery-electric vehicles in the United States rose to 17.7 percent of new light-duty vehicle sales in the third quarter of 2023. So far this year, sales of these vehicles have accounted for 15.8 percent of all new light-duty vehicles thus far this year. Up from 12.3 percent in 2022 and 8.5 percent in 2021. The increase is due mainly to price drops.
The share of total light-duty vehicle sales for electrified vehicles rose due to both a decline in sales of non-hybrid gasoline- and diesel-fueled vehicles as well as an increase in sales of several existing BEV models. A large contributor to the rise in electrified sales was a decline in prices for popular battery-electric models. The average transaction price for a BEV dropped by 5 percent during the third quarter, settling at $50,282 on average. That is 24 percent below the price peak for an electric vehicle in the second quarter of 2022. The average price paid for a non-electric vehicle dropped by less than half a percent in that same period.
Luxury vehicles accounted for 91 percent of all battery-electric sales, making BEVs about 34 percent of the total luxury vehicle market. BEVs are still less than 2 percent of the non-luxury segments. About two thirds of all electric vehicles on offer are classed as luxury vehicles by Wards Intelligence.
The post Thanks To Price Drops, EVs and Hybrids Grow To 18% Of U.S. Vehicle Sales appeared first on EV Meme.
Source: https://www.evmeme.com/thanks-to-price-drops-evs-and-hybrids-grow-to-18-of-u-s-vehicle-sales/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).