Here are the latest figures through December 2023:
Sales of all cars with rechargeable batteries—including plug-in hybrids—have continued to grow strongly. Sales of pure electric vehicles haven't fallen, but they have flattened out since the middle of last year.
As a general rule in the auto industry
Toyota usually wins.
Toyota has been losing in this sector.
Indeed. Toyota had an early lead, but largely squandered it by a weird obsession with its senior management in hydrogen. They are playing catchup on EVs, now.
Yeah, we tried to get a RAV 4 plug in hybrid, but the wait list made it almost impossible. Kia's gain.
I'm old enough to remember when GM had a 65% share of the domestic market. "Toyota wins" is a fairly recent rule.
Alot of this is availability. Last year alot of things were delayed. Or had their prices raised.
Are you sure you wrote this right?
Or are you just seeing that Tesla shut its factory in Texas down for several weeks to re-align with adding the Cybertruck production?
Are you sure you’re replying to the comment you meant to?
I wonder whether this reflects that a large segment of potential EV buyers have decided against buying Teslas so long as Elmo is in charge. The Venn Diagram of potential EV buyers and allegedly "woke" people Elmo constantly bashes has a pretty significant overlap.
I believe the Federal tax credits have been exhausted for the Model 3 if not also the other Tesla models.
+100 Crissa above.
We bought a Bolt EUV last year here in VA. We had to call dozens of dealerships to find one that even had any available, paid a $2,000 deposit to get on the 3-month wait list, then they tried to add a "market adjustment" of $5,000 over MSRP after the $7,500 tax credits passed into law, so then we called further afield and found a dealership 2 states and 100 miles away in rural PA willing to sell a Bolt EUV at "just" MSRP (generously allowing us to keep the entire tax credit for ourselves), got on their wait list with another $2,000 deposit, then had to wait another 3 months for one to actually arrive at that dealership, then take a day off of work to immediately drive up there and get it when they called.
https://tenor.com/view/shut-up-and-take-my-money-futurama-fry-take-my-money-money-gif-15195954
That's a lot of hassle and commitment to buy an EV that I'm not sure I'd go through again if I knew about it in advance. I'm not surprised EVs have leveled off... it's not like the dealers are making it easy to buy them.
Austin - an added challenge, dealerships make more money, via the service department, on gas cars. Thus, they have an incentive to sell gas cars and trucks...
Too bad, then they shouldn't offer to sell any EVs at all. I think it's really dickish to raise your prices to clawback tax incentives that are supposed to go to the consumer.
That you had to go onto a list and wait months suggests the model was in high demand. They have dealer markup on many/most models in high demand independent of any federal/whatnot incentives.
Another challenge, working on EV’s requires a mechanic with the training and certification to work on high voltage systems. My impression is that many dealerships have just punted the on selling EV’s for the time being to avoid the extra cost.
Interesting. My experience buying a 2017 Bolt in 2018 was very different. Tax credit, and Chevy was offering a $2018 credit on top of everything else.
I guess sometimes earlier birds do prevail 🙂
Yes. I would've bought one pre-pandemic except our existing car was only 2-3 years old in 2018 and perfectly usable for 5+ more years.
We bought our 2019 Bolt in 2018 straight off the lot. If I remember right, we had our choice of 3 cars. The credit had dropped in half from when we bought out Volt, and was scheduled to drop in half again, hence our desire to move quickly.
The hilarious part was the first dealership calling us up the day we were leaving to go to PA to pick up the car from the second because the first had had somebody renege on picking up theirs, and the first was like "Oh we can match their price." And we were like "FU, even though it's a pain in the ass to drive to middle of nowhere PA, we're going with that dealer because he didn't want to fck us over on price." Felt so good to give it back as hard as companies make consumers take it these days.
I personally think a key to boosting sales was the allowance by the Biden administration to transfer the tax credit to dealers, such that the price off the lot is w/ the credit applied. That will make it a lot easier for people to get loans if they need it. As I've said previously, the goal of all the automakers is to close the price gap between BEVs and ICEs.
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We should let in EVs from China. That would increase sales dramatically, and like imports from Japan in the 1970s improve the quality of US-made vehicles.
Unfortunately the leading Chinese brand is easily confused with underwear.