Quarterly sales of electric vehicles break the 250,000 mark while rising to 7.2% of total vehicle sales in the U.S.
While this is the EV decade, the market is a long way from becoming one centered on electric vehicles.
Q2 sales of battery electric vehicles increased to 196,788, a record high and a 13% increase from last quarter.
Consumer EV data indicates which models are most in demand and likely to command higher values. Ford revs up with four models in the Top 10 of most-shopped electrified vehicles, including the F-150 Lightning, F-150 Hybrid, and Maverick Hybrid.
Sales of pure battery-electric vehicles jumped 72% to a record 147,799, the best quarter ever for EVs.
It is the highest level of interest in electrified vehicles that the Kelley Blue Book Brand Watch report has ever measured. Electrified vehicles sales soar 60%.
New entries including the Chevrolet Bolt EUV, the Ford Mustang Mach-E, and Volkswagen’s ID.4 helped drive down average EV prices.
Second quarter numbers show emerging competition for buyer choices as more models enter the market.
The Ford F-150 Lightning, Mustang Mach-E, and Maverick are gaining buyer interest and demand.
Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
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