2023 EV sales blew past 2022 levels every month of the year

EV gross sales not solely elevated in 2023 total, however they have been greater than 2022 ranges for each month of the 12 months, in line with the U.S. Department of Energy (DOE).

Automotive gross sales are seasonal, they usually all the time have been, so there isn’t any motive to count on that whole automobile gross sales and even EV gross sales damaged out will go up each month. But that is precisely what DOE knowledge present.

EV gross sales by month in 2021, 2022, and 2023 (by way of U.S. Division of Vitality)

EV gross sales rose sharply every month of 2023, versus the 2 years earlier than, in line with the DOE. And whereas the very best gross sales quantity for a single month was about 50,000 automobiles in 2021 and 80,000 in 2022, it surpassed 100,000 automobiles in 2023.

EV gross sales additionally rounded out the 12 months with stronger gross sales in December than in October or November. It is attainable that main as much as the tip of the 12 months, some consumers have been deferring purchases to see how the instant dealership rebate incarnation of the federal EV tax credit score is likely to be deployed.

2023 Tesla Mannequin Y – Courtesy of Tesla, Inc.

S&P International Mobility predicted in January that U.S. EV gross sales would near 8% market share that month. And since then, S&P appended its figures to notice that EVs captured 8.8% of the market, by registration, in December 2023, Automotive News reported Friday. Analysts instructed the publication that, opposite to some auto-industry narratives, EV gross sales aren’t falling.

Regardless of some pundits claiming the EV market is sputtering, it is arduous to argue that EV gross sales do not stay on an upward trajectory. As a substitute, because the Automotive Information report suggests, they’re rising slower than some automakers anticipated—so inept forecasting could also be extra guilty.

Along with not transferring quick sufficient to maintain tempo with some automakers’ enterprise plans, EV gross sales could have to quicken so as to make a real impression on carbon emissions. As a result of, as a December 2023 report from Experian discovered, sales of gasoline vehicles, by sheer quantity, not share, are nonetheless rising sooner than EV gross sales.