New Tesla vehicles are on display at the Tesla dealership on December 20, 2024 in Corte Madera, California.
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DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new U.S. car and truck sales for the first time last year — marking a historic year for “green” vehicles but coming at a slower pace than many previously expected.
Automotive data company Motor Intelligence reports that more than 3.2 million “electrified” cars were sold last year, or 1.9 million hybrid vehicles, including plug-in models, and 1.3 million fully electric models.
Traditional vehicles powered by gas or diesel internal combustion engines still make up the majority of sales, but they have fallen to 79.8%, falling below 80% for the first time in modern automotive history, according to the data.
Regarding pure electric vehicle sales, Tesla It continued to dominate, but Cox Automotive estimated its annual sales declined and its market share fell to about 49%, down from 55% in 2023. The Tesla Model Y and Model 3 were estimated to be the best-selling electric vehicles in 2024.
Following Tesla in electric car sales was Hyundai Motorincluding Kia, with 9.3% electric vehicle market share; GM by 8.7%; And then ford motor 7.5%, according to Motor Intelligence. BMW Rounding out the top five by 4.1%.
The US electric vehicle market is highly competitive: Of the 68 major EV models tracked by Cox's Kelley Blue Book, 24 registered year-over-year sales increases; 17 models were all new to the market; 27 decreased in size.
There is more uncertainty about how sales of fully electric and hybrid vehicles will perform this year, pending potential actions by upcoming companies. Trump administration.
Currently, EV and EV sales are supported by a federal credit of Up to $7,500 To buy one of the vehicles that the president will elect Donald Trump Can be removed, along with Another support for electric vehicles.
Cox Automotive expects 2025 to set another record for electric vehicle volume, at about 10% of new vehicle sales. Including hybrids, the company expects one in four cars sold this year to be electric.
— CNBC's Phil LeBeau contributed to this report.
