Individuals purchased fewer new automobiles within the second quarter as provide chain issues pushed costs up, and shopper sentiment led us all to begin tightening our belts. New automobile gross sales within the second quarter of 2022 had been down greater than 20% from 2021 figures. However gross sales of 1 kind of automobile are rising.
Absolutely 5.6% of the automobiles Individuals purchased final quarter had been electrical automobiles.
Gross sales of battery-powered electrical automobiles — pure EVs — jumped to 196,788, a report excessive and a 13% improve from Q1.
Electrified automobiles — EVs plus hybrids, plug-in hybrids, and fuel-cell automobiles — made up 12.6% of latest automobile gross sales. That’s an almost 13% soar from one yr in the past.
Study extra: What’s EV, BEV, HEV, PHEV? Right here’s your information to forms of electrical automobiles
continued to dominate, not simply in EV gross sales however luxurious automobile gross sales within the second quarter. For the reason that finish of final yr, Tesla has outsold all established luxurious automobile builders, together with BMW
Lexus, and Mercedes-Benz.
However the model’s maintain on the EV market is slipping. Sixty-six % of the brand new EVs Individuals purchased final quarter had been Tesla merchandise. That’s down 9% from first quarter numbers.
The rationale? New competitors. Within the second quarter of 2022, there have been 33 fashions of EVs that made at the very least one sale within the U.S. Final yr, there have been simply 19 within the second quarter.
Hyundai’s new Ioniq 5 EV made a splash of an entry into the market. Hyundai offered greater than 7,000 Ioniq 5 fashions — maybe sufficient to vault the automobile into the highest 4 best-selling EVs this yr if that tempo retains up.
Electrical vans are additionally a rising a part of the EV stability. Individuals purchased greater than 45,000 of them final quarter, with the introduction of the Ford F-150 Lightning lighting a gross sales fuse.
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grip on the hybrid market is sort of as intense as Tesla’s maintain on EVs. Roughly 55% of the hybrids Individuals purchased final quarter had been Toyota or Lexus merchandise. Ford
got here in a distant second, at 11.7%.
This story initially ran on KBB.com.