US EV Gross sales Up 385% Since 2019, Regular “ICE” Car Gross sales Down 14%

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We not too long ago produced a number of unique reviews on US electrical car gross sales and general US auto trade gross sales traits. By way of these reviews, you may discover the high automakers or auto manufacturers when it comes to their very own inner EV share or when it comes to their share of the general EV market, or you may discover development of the US EV market as an entire, or you may discover traits in auto model gross sales broadly, or you may have a look at traits in EV market share, or you may have a look at model-by-model EV gross sales development. There are plenty of enjoyable methods to chop the pie and see what’s been happening. One factor that stands out in these reviews in comparison with any others you would possibly discover on the web on any of those matters is that I’m going again to 2019 to tease out the comparisons and traits over time.

Nonetheless, one factor I’ve by no means actually achieved is slim down and spotlight adjustments within the EV market in comparison with adjustments within the ICEV market. (To be particular, I’m referring to the absolutely electrical, or BEV, market right here.) Since I’d already collected all the core information from automakers over time, plus somewhat little bit of estimating for manufacturers that lag behind the remaining within the information they report (Tesla included), this wasn’t an enormous problem — it simply required creating a couple of extra rows in my Google Sheet and producing a couple of extra charts. Nonetheless, I had not thought to do it till requested to by “Cypress” underneath a current article. What an amazing suggestion! Why didn’t I consider that?

Properly, let’s simply get to the charts and numbers.

Right here’s one other means to have a look at the numbers earlier than I soar into some commentary:

Initially, as we will see, regardless of which era interval you have a look at from the previous 4 years, EV gross sales development crushes inner combustion engine car (ICEV) gross sales traits. Evaluating 2023 and 2022 totals, EVs noticed 47% development whereas ICEVs (fuel vehicles) noticed 10% development. Evaluating 2023 and 2021 totals, EVs noticed 142% development whereas ICEVs (fuel vehicles) noticed a 3% drop in gross sales. Wait, which powertrain is fighting its gross sales traits?

Dipping again into the large, horrible 12 months of COVID, EV gross sales have been up 356% in 2023 in comparison with 2020, whereas ICEV gross sales have been up simply barely, 1%.

Going even additional again, trying on the pre-COVID numbers of 2019, we will see that EV gross sales have been up 385% in 2023 in comparison with 2019, whereas ICEV gross sales have been down 14%.

So, of all of the methods we’ve checked out adjustments within the EV market and adjustments within the auto market as an entire, I believe these comparisons most clearly spotlight that EV gross sales have been rising strongly 12 months after 12 months, whereas the non-EV market wants to fret about what’s taking place and plan accordingly.

Due to Cypress once more for the request/thought for this report.

You may as well have a look at these numbers in a barely totally different means by way of the 2 charts under.

What are your ideas on these outcomes? Is the EV trade struggling, as so many headlines, writers, speaking heads, and commenters are desperate to say? Or is the fossil-fueled car trade the portion of the trade that’s struggling?