In the fourth quarter of 2024, over 365,800 battery-electric vehicles were sold in the United States. This was a year-over-year increase of around 15.2 percent compared to the sales recorded in the fourth quarter of 2023. The fourth quarter of 2024 also recorded a hike in sales compared to the third quarter of that same year, making it the best quarter for BEV sales in the country across the past two years. Global EV Race - Where does the U.S. stand? Over the last few years, consumers have perceived Electric Vehicles (EVs) as a far more appealing option due to their increased range, battery life, variety of models, and affordability. Therefore, the EV market has grown fast in recent years and is forecast to expand to 1.1 trillion U.S. dollars in 2029. Though the global demand for electric cars has been escalating, American sales lag behind Europe and the Asia-Pacific regions. In 2023, Chinese customers bought around 8.1 million plug-in EVs, considerably more than American customers' purchases,around 1.4 million that year. China is the leader of the global EV race, with a substantial 36 percent growth in sales year-on-year in 2023. However, given the market share of electric vehicles in the global automotive industry, this still can be anyone's race. Outlook of the U.S. market There is still a lack of interest in electric vehicles among American buyers compared to European and Asian consumers. In the first quarter of 2021, the share of the battery electric vehicle was 55.1 percentage points more in Norway than in the U.S.. One of the main reasons is that American consumers still anticipate that EVs are more expensive than gasoline vehicles and diesel internal combustion engine cars (ICE). This perception is partially true in the U.S. since the battery production market is highly concentrated in Asia, where the companies have logistical advantages, leading automotive makers to offer better prices. On the other hand, high licensing fees for electric vehicles are another factor affecting the consumption behaviors of automobile purchasers. In many states, the licensing fees for electric cars are considerably higher than their ICE counterparts. EV licensing fees were around 345 U.S. dollars compared to 25 U.S. dollars for standard vehicles in Georgia in 2021. Together, these factors significantly impact the individual perception of electric cars in the United States.

Plug-in light vehicle (PEV) sales reached nearly 1.5 million units in the United States in 2023. U.S. sales of all-electric and plug-in hybrid electric vehicles peaked that year, after a first increase in 2018 as deliveries of Tesla's Model 3 picked up steam. The road to consumer adoption While the sale of electric vehicles has picked up steam in the United States, consumer purchase intentions are still below traditional internal combustion engine vehicles. Some 20 percent of U.S. consumers considered purchasing a fully electric vehicle when buying a car, according to the Statista Consumer Insights survey, compared to 68 percent of consumers considering purchasing a regular gasoline vehicle when buying a car. The time required to charge a battery-electric vehicle (BEV) was U.S. consumers' main concern as of October 2023, followed by BEVs' driving range and their cost or price premium. In an attempt to boost electric vehicle adoption, the U.S. government has allocated financial incentives for the purchase of such vehicles.
New players and market leaders Tesla dominated the U.S. electric vehicle market in 2023, selling over half a million BEVs in the country that year. Ford and Chevrolet completed the top three, making the three best-selling BEV brands in the United States all domestic manufacturers. This success has attracted electric vehicle startups such as Lucid Motors, which produced the battery-electric vehicle with the longest driving range as of Model Year 2022, and Rivian. However, these companies are yet to be profitable, reporting net losses during the 2020, 2021, and 2022 fiscal years.

Electric Vehicle Sales: ytd: Genesis: Genesis G80 data was reported at 51.000 Unit in Mar 2025. This records a decrease from the previous number of 397.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Genesis: Genesis G80 data is updated quarterly, averaging 295.000 Unit from Sep 2022 (Median) to Mar 2025, with 11 observations. The data reached an all-time high of 1,329.000 Unit in Dec 2023 and a record low of 51.000 Unit in Mar 2025. Electric Vehicle Sales: ytd: Genesis: Genesis G80 data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

The number of battery electric vehicles sold in the United States came to about 1.3 millions in 2024, with sales of Tesla models accounting for around 48.7 percent of that figure. Second-ranked Ford accounted for only 7.5 percent of U.S. battery electric vehicle sales. Tesla puts electric vehicle sales in the fast lane The Tesla Model Y was the best-selling all-electric car in the United States in 2024, with the Model 3 a strong runner-up. Tesla enjoyed a successful year in 2024, with sales in the United States generating revenues of around 47.7 billion U.S. dollars. Tesla’s sales performance in 2024 not only strengthened its position as one of the market leaders in the EV market, but it also made an impression on the overall automotive market in the United States. Positive news regarding battery charge time One of the main talking points regarding battery electric vehicles is the time it takes to charge them. The number of publicly available fast chargers is increasing across the United States, and these are proving essential for vehicle users who wish to drive long distances. Vehicles equipped with a fast-charging socket can be charged much quicker because fast chargers provide power directly to the battery, without the need for an in-car inverter. A vehicle with a battery capacity of 75 kWh can, for example, be charged to a suitable level in around one hour using a quick charger delivering 50 kW of power.

Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity data was reported at 226.000 Unit in Dec 2022. This stayed constant from the previous number of 226.000 Unit for Sep 2022. Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity data is updated quarterly, averaging 226.000 Unit from Jun 2021 (Median) to Dec 2022, with 7 observations. The data reached an all-time high of 2,103.000 Unit in Jun 2021 and a record low of 154.000 Unit in Mar 2022. Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Electric Vehicle Sales: ytd: Kia data was reported at 8,656.000 Unit in Mar 2025. This records a decrease from the previous number of 56,099.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Kia data is updated quarterly, averaging 13,566.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 56,099.000 Unit in Dec 2024 and a record low of 680.000 Unit in Mar 2021. Electric Vehicle Sales: ytd: Kia data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

The United States witnessed a surge in plug-in hybrid electric vehicle (PHEV) sales in 2023, with a record-breaking 293,815 units sold. This marked a significant increase of 60.2 percent compared to the previous year, surpassing the quarter-million threshold for the first time. The growth in PHEV sales aligns with the broader trend of increasing electric vehicle adoption in the U.S. market. Electric vehicle market share gains momentum While PHEVs experienced substantial growth, battery-electric vehicles (BEVs) have been driving the overall increase in electric vehicle market share. In December 2023, plug-in electric vehicles accounted for over 11 percent of the U.S. light vehicle market, with BEVs contributing 8.3 percent of that share. The 2023 calendar year saw BEV sales reach 1.2 million units, representing a 55.4 percent year-over-year increase. This growth indicates a shifting consumer preference towards electric vehicles, although the U.S. still lags behind Europe and Asia in EV adoption Challenges and opportunities in the U.S. automotive landscape Despite the rise in electric vehicle sales, traditional automakers continue to dominate the U.S. market. Ford remained the leading car brand in 2023, delivering approximately 1.9 million vehicles. However, the automotive industry faces challenges such as semiconductor shortages, worker strikes, layoffs, and increased competition. The U.S. auto market sold nearly 12.4 million light trucks in 2023, which was the first year when sales fully recovered from the pandemic-induced downturn. As the industry evolves, manufacturers are adapting to changing consumer preferences, with light trucks gaining popularity over passenger cars in recent years.

This dataset shows the Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) that are currently registered through Washington State Department of Licensing (DOL).

Electric Vehicle Sales: ytd: Kia: Kia EV9 data was reported at 3,756.000 Unit in Mar 2025. This records a decrease from the previous number of 22,017.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Kia: Kia EV9 data is updated quarterly, averaging 8,999.500 Unit from Jun 2022 (Median) to Mar 2025, with 8 observations. The data reached an all-time high of 22,017.000 Unit in Dec 2024 and a record low of 1,118.000 Unit in Dec 2023. Electric Vehicle Sales: ytd: Kia: Kia EV9 data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

The number of vehicle sales in the electric vehicles market in the United States was forecast to continuously increase between 2025 and 2029 by in total 863.5 thousand vehicles (+60.62 percent). After the fifth consecutive increasing year, the number of vehicle sales is estimated to reach 2.3 million vehicles and therefore a new peak in 2029. Find further information concerning the revenue per charging station in the electric vehicles market in Mexico and the average electric vehicles price in the electric vehicles market in the United States. The Statista Market Insights cover a broad range of additional markets.

As per the latest study by Fact.MR, sales of hybrid electric vehicles in the United States are estimated at US$ 22.2 billion in 2024. The United States market is calculated to expand at a CAGR of 13.8% and reach US$ 80.87 billion by the end of 2034.

Report Attribute	Details
Hybrid Electric Vehicle Sales in United States (2024E)	US$ 22.2 Billion
Forecasted Sales (2034F)	US$ 80.87 Billion
Demand Growth (2024 to 2034)	13.8% CAGR
Commercial Hybrid Electric Vehicle Demand Growth (2024 to 2034)	16.6% CAGR
Stored Electricity HEV Demand Growth (2024 to 2034)	12.6% CAGR
Key Companies Profiled	Tesla Motors Inc.; Magna International Plc.; General Motors; Ford Motor Company.

Why is Western United States Leading the Race in This Market?

Attribute	Western Region
Market Value (2024E)	US$ 5.73 Billion
Growth Rate (2024 to 2034)	13.5% CAGR
Projected Value (2034F)	US$ 20.3 Billion

Category-wise Analysis

Attribute	On-board Electric Generators
Segment Value (2024E)	US$ 15.68 Billion
Growth Rate (2024 to 2034)	14.3% CAGR
Projected Value (2034F)	US$ 59.49 Billion

Attribute	Hybrid Electric Passenger Cars
Segment Value (2024E)	US$ 4.37 Billion
Growth Rate (2024 to 2034)	14.3% CAGR
Projected Value (2034F)	US$ 16.67 Billion

The United States Electric Car Market is segmented by Vehicle Configuration (Passenger Cars) and by Fuel Category (BEV, FCEV, HEV, PHEV). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

In the fourth quarter of 2024, the Tesla Model Y was the best-selling battery-electric vehicle in the United States, soaring in sales since the fourth quarter of 2020. Tesla dominated the market, with three of the five leading BEV models being from the brand that quarter. The Model Y was also among the best-selling cars in the United States in 2024, all powertrains included.

United States Electric Vehicle Sales: Genesis: Genesis GV60 data was reported at 733.000 Unit in Mar 2025. This records a decrease from the previous number of 868.000 Unit for Dec 2024. United States Electric Vehicle Sales: Genesis: Genesis GV60 data is updated quarterly, averaging 772.000 Unit from Jun 2022 (Median) to Mar 2025, with 11 observations. The data reached an all-time high of 1,182.000 Unit in Dec 2023 and a record low of 233.000 Unit in Jun 2022. United States Electric Vehicle Sales: Genesis: Genesis GV60 data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA007: Electric Vehicle Sales: by Brand and Model.

Around 550,100 battery electric vehicles were sold in the Americas in 2021, according to data provided by EV-Volumes. This was a year-on-year rise of almost 86 percent. The battery electric vehicle sales in the region made up just over eight percent of the total plug-in electric vehicle sales worldwide.

The North American automotive high-performance electric vehicle (EV) market is experiencing explosive growth, fueled by increasing consumer demand for sustainable, high-performance vehicles and supportive government policies. With a Compound Annual Growth Rate (CAGR) of 28% from 2019 to 2033, the market is projected to reach a significant size. Key drivers include advancements in battery technology leading to increased range and power, the introduction of sophisticated electric powertrains delivering exhilarating performance, and a growing awareness of environmental concerns among consumers. The market is segmented by drive type (plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs)), vehicle type (passenger cars and commercial vehicles), and geography (United States, Canada, and Rest of North America). Leading manufacturers like Tesla, General Motors, Ford, and others are heavily investing in R&D and production capacity to capitalize on this burgeoning market. While challenges remain, such as the relatively high initial cost of high-performance EVs and the limited charging infrastructure in some areas, the long-term outlook is exceptionally positive. The increasing availability of government incentives, improvements in charging infrastructure, and the continuous refinement of EV technology are poised to mitigate these restraints. The dominance of passenger cars within the market segment is expected to continue, albeit with increasing competition from the commercial vehicle sector as technology advances and adoption expands. The United States is projected to hold the largest market share, followed by Canada, driven by higher vehicle ownership rates and a more developed EV ecosystem. However, the "Rest of North America" segment also shows considerable growth potential, particularly as infrastructure improvements and consumer awareness catch up. Competition among manufacturers remains fierce, with established automakers and emerging EV startups vying for market share through innovation in performance, design, and technology. The focus on improving battery life, fast-charging capabilities, and enhancing overall driving experience will be pivotal for continued growth and market leadership in the coming years. This in-depth report provides a comprehensive analysis of the burgeoning Automotive High Performance EV Market in North America, projecting robust growth from 2025 to 2033. The study covers the historical period (2019-2024), with 2025 serving as the base and estimated year. We delve into key market segments, competitive dynamics, and future trends, offering invaluable insights for stakeholders across the automotive value chain. This report leverages extensive primary and secondary research to provide accurate forecasts and actionable intelligence. The market is segmented by drive type (Plug-in Hybrid Vehicles, Battery Electric Vehicles), vehicle type (Passenger Cars, Commercial Vehicles), and geography (United States, Canada, Rest of North America). Leading players like Tesla Inc, General Motors, BMW AG, Ford Motor Company, Nissan Motor Co Ltd, Volkswagen AG, Renault Group, Hyundai Motor Company, Kia America Inc, Mercedes-Benz Group AG, and Mitsubishi Motors North America Inc are profiled. Recent developments include: In August 2022, Lucid Motors launched a new high-performance luxury brand called Sapphire electric sedan vehicle. The new electric vehicle consists of a three-motor powertrain and has more than 1,200 hp. The vehicle has ranged between 406 and 520 miles on a single charge., In November 2021, BMW introduced a new high-performance concept vehicle that previews an electrified crossover expected to begin production at the end of 2022, in South Carolina., In June 2021, General Motors announced the investment of USD 35 billion over the 2021-2025 period to improve the United States battery factories for the company and new hydrogen fuel cell projects.. Key drivers for this market are: Increasing Vehicle Production, Emphasis on Fuel Efficiency and Emission Reduction. Potential restraints include: Complexity and Cost of Pneumatic Systems, Adoption of Alternative Actuation Technologies. Notable trends are: Growing Demand for High Performance Electric Commercial Vehicles.

United States Electric Vehicle Sales: GMC data was reported at 4,728.000 Unit in Mar 2025. This records a decrease from the previous number of 6,492.000 Unit for Dec 2024. United States Electric Vehicle Sales: GMC data is updated quarterly, averaging 789.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 6,492.000 Unit in Dec 2024 and a record low of 1.000 Unit in Dec 2021. United States Electric Vehicle Sales: GMC data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA007: Electric Vehicle Sales: by Brand and Model.

This graph illustrates battery-electric and plug-in hybrid electric vehicle sales in the United States from 2012 through 2016. More than 60,000 battery-electric vehicles were sold to customers in the United States in 2014. That year, about 117,000 zero electric vehicles were sold in the U.S.

The Norway electric vehicle (EV) market is experiencing robust growth, driven by strong government support, a commitment to sustainability, and increasing consumer awareness of environmental concerns. The market's Compound Annual Growth Rate (CAGR) of 27.65% from 2019 to 2023 indicates a significant upward trajectory. This growth is fueled by several key factors. Norway's progressive policies, including substantial tax incentives, generous subsidies, and extensive charging infrastructure development, have made EVs significantly more affordable and accessible than in many other countries. Furthermore, the country's commitment to reducing carbon emissions and achieving ambitious climate goals has created a favorable regulatory environment that promotes EV adoption. The market is segmented by vehicle configuration (Hatchback, Multi-purpose Vehicle, Sedan, SUV) and fuel category (BEV, FCEV, HEV, PHEV), with Battery Electric Vehicles (BEVs) expected to maintain their dominance due to technological advancements and decreasing battery costs. Leading automotive manufacturers like Tesla, Volkswagen, and BMW are actively competing in this lucrative market, introducing innovative models and expanding their presence to meet the growing demand. While challenges remain, such as ensuring sufficient grid capacity to support widespread EV adoption and addressing potential range anxiety among consumers, the overall outlook for the Norway EV market remains exceptionally positive for the forecast period of 2025-2033. The continued expansion of the Norway EV market is expected to be driven by several factors. Technological advancements are leading to increased battery range, improved charging times, and more affordable EVs. Government initiatives will continue to play a crucial role by maintaining or enhancing subsidies, expanding charging infrastructure, and possibly introducing further regulations to incentivize EV adoption. Consumer preferences are increasingly shifting toward electric mobility due to environmental concerns and the perception of EVs as technologically advanced and prestigious vehicles. Competition among established automakers and new EV entrants will fuel innovation and drive down prices, making EVs more attractive to a wider segment of the population. While potential supply chain disruptions or fluctuations in raw material prices could present short-term challenges, the long-term forecast for the Norway EV market remains exceptionally strong, making it a prime investment and growth opportunity for businesses across the value chain. This in-depth report provides a comprehensive analysis of the Norway electric vehicle (EV) market, covering the period 2019-2033. It offers valuable insights into market trends, growth drivers, challenges, and opportunities, making it an essential resource for industry stakeholders, investors, and policymakers. With a focus on key segments including Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), and Hybrid Electric Vehicles (HEVs) across various vehicle configurations (Hatchback, Sedan, SUV, MPV), this report delivers a granular understanding of the Norwegian EV landscape. The study utilizes 2025 as the base year and provides estimates for 2025, with forecasts extending to 2033. The historical period analyzed is 2019-2024. Recent developments include: November 2023: Hyundai Motor's Genesis division has opened a new showroom in New York, the United States.November 2023: Tesla has acquired US-based start-up SiILion battery (Battery manufacturer) to excel the battery production in US.November 2023: Tesla opened its single-point electric vehicle super-charging station between the Bay Area and Los Angeles areas in the US.. Key drivers for this market are: Aggressive Government Focus to Promote the Adoption of Electric Vehicles Fosters the Growth of the Market. Potential restraints include: High Cost of Setting Up EV Charging Stations Hampers the Growth of the Market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Battery-electric vehicles broke records in the United States in 2023, when they surpassed the one million sales threshold. This was an increase of some 55.4 percent compared to 2022.