Summary
- CleanTechnica offers daily news updates via email or Google News
- Focus on top selling electric vehicles and EV brands in the US
- Electric vehicles outpacing fossil fuel vehicles in growth
- Cadillac leads in EV share among auto brands
- BMW Group leads in EV share among auto groups, with legacy automakers trailing
Article
In the third quarter of US auto sales, electric vehicles continue to show strong growth compared to fossil fuel vehicles. Pure EV brands are leading the way, with Cadillac at the top with 19.4% of its sales being electric. Luxury brands are also electrifying quickly, with BMW, MINI, Audi, Mercedes, Acura, and Genesis all showing significant percentages of electric vehicle sales. Among more mass-market brands, Hyundai and Kia are also making strides in electrification.
When looking at auto groups, BMW Group is leading among legacy automakers with 15.6% of its sales being electric. Geely, the parent company of Volvo Cars and Polestar, follows closely behind with a 12.7% share of electric vehicle sales. Mercedes-Benz Group and Volkswagen Group also show decent percentages of electric vehicle sales compared to other auto groups. However, Toyota Motor Co. and Stellantis are lagging behind with only 1.3% and 0.1% of their sales being electric, respectively.
The data highlights the rapid electrification of the auto industry, with luxury brands like Cadillac and BMW leading the way. Companies that are slower to adopt electric vehicles, such as Toyota and Stellantis, may face challenges as consumer demand for electric vehicles continues to rise. It is crucial for automakers to prioritize electrification and sustainability in order to stay competitive in the evolving market.
Overall, the trend towards electric vehicles in the US auto market is clear, with more brands and automakers increasing their share of electric vehicle sales. The shift towards electrification is not only driven by consumer demand but also by regulatory pressures and the need to reduce greenhouse gas emissions. As the industry continues to evolve, it will be interesting to see how automakers respond to the growing popularity of electric vehicles and the push towards a cleaner, more sustainable future.
In conclusion, the data on third quarter US auto sales trends shows the continued growth of electric vehicles in the market. Luxury brands and certain automakers are leading the way in electrification, while others are lagging behind. The shift towards electric vehicles is an important step in reducing emissions and combating climate change, and it is essential for automakers to prioritize sustainability and innovation in order to stay relevant in the evolving market.
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