Sales of electric cars globally are showing signs of slowing down and showing signs that are not as positive as previous forecasts. However, sales of electric vehicles in the US market in the second quarter of 2024 continue to grow and account for 8% of new vehicle registrations.
According to the latest announcement, the US market consumed 330,463 electric vehicles in the second quarter, an increase of 23% compared to the first quarter and an increase of 11.3% over the same period in 2023. In the first quarter, the proportion of electric vehicles registered New growth in the US reached 7.1% and increased to 8% in the second quarter.
According to Cox Automotive, this growth is due to improved supply, higher car price discounts for users... However, although the electric vehicle market here is growing, Tesla is experiencing a decrease in market share. significantly in the US, down to 49.7%. This shows that Tesla's electric car models are facing fierce competition.
In addition to Tesla, other brands such as Mercedes-Benz, Porsche, Volvo, VW and Chevrolet... all have a decline in electric vehicle sales. Chevrolet only sold 11,217 electric cars in the second quarter, down 19.6% compared to the same period in 2023 (13,959 cars).
However, there are still some other brands with an increase in the percentage of electric cars sold, for example Caddilac with 19% of cars sold being electric cars, BMW increased by 15%, Genesis increased by 13%, Audi increased by 11%. .. For representatives of the electric car line from Vietnam - VinFast also had significant growth when in the second quarter it sold 2,225 electric cars in the US, an increase of 200% over the same period in 2023.
In addition, a number of new electric car models entering the US market also contribute to increased sales such as: BMW i5, Cadillac Lyriq, Honda Prologue, KIA EV9... However, electric car models have good sales. The most important ones include the Ford F150 Lightning (23,957 vehicles), Chevrolet Bolt (11,217 vehicles), Hyundai Ioniq 5 (8,032 vehicles), Cadillac Lyriq (7,294 vehicles)...
According to head of Cox Automotive Mobility - Stephanie Valdez Streaty, electric vehicle sales growth in one quarter is a very positive sign even though Tesla 's market share fell below 50% for the first time. But the increasing competition between electric car companies will cause prices to drop, creating conditions for users to own and experience electric cars at more reasonable prices in the future.
