As per the information by the US Energy Information Administration (EIA), Hybrid, plug-in hybrid, and battery EVs are aggregately responsible for 16% of US light-duty vehicle sales. This is for the second quarter of 2023.
EV sales are on the rise in the US
The EIA reviewed data from Wards Intelligence, and it noticed that inversely sales also got reduced for gas and diesel vehicles. Also, the US EV sales growth was greatly hampered by new makers offering among different market segments. While present models record little growth in sales.
Makers lowered the number of ICE vehicle models from 318 to 297 between 2021 and Q2 2023. At the same time, they raised the number of battery electric models from 34 to 55. On the other hand, the EIA segments a single vehicle model as inclusive of one nameplate and all the other available trim levels connected with that nameplate.
When it comes to the luxury vehicle market it captured 18% of total new vehicle sales in Q2 2023. The same is up from 14% in 2020, and several EV uptake is able to acquire a position in the luxury segment. In addition to this, the automaker canceled 17 luxury ICE vehicle models. They also sum 19 luxury EV models between 2021 and Q2 2023.
Meanwhile, battery electric vehicles currently account for 20% of all available luxury models. This number is as compared with 7% of non-luxury models.
