Happy Earth Day! Cox Automotive and Kelley Blue Book's analysis of electric vehicle sales shows that environmental conscientiousness may be on the rise as sales of electric vehicles and hybrids continue to climb.
In the first quarter of 2021 the sales growth of both electric and hybrid vehicles exceeded overall market performance. Electric vehicles made up about 7.8% of the total U.S. market in Q1 of 2021. This number was 3% higher than Q1 of 2020.
Sourced from Cox Automotive's Electrified Vehicle Growth Energized in Q1.
Sales of electrified vehicles saw an increase of 81% with those of EV's increasing by 44.8% over the previous year and setting a record for number of sales in the quarter with nearly 100,000 sales.
The Chevrolet Bolt was No. 3 on the EV list, with nearly 10,000 sales in the quarter. The all-new Ford Mustang Mach-E, which went on sale in December, was No. 4, outselling both the Tesla Model S and Model X. (Cox Automotive)
Sales of hybrid vehicles outpaced both the market as a whole and EV's with more than 200,000 sales in the quarter. Hybrid vehicles saw sales increase 106% in Q1.
Toyota, a hybrid pioneer, delivered most of that growth, selling 124,449 electrified vehicles in Q1, up from 49,576 in Q1 2020. Honda is the No.2 hybrid maker, with more than 22,000 hybrids sold in Q1. Honda's electrified tally was 7.1% of its total Q1 sales volume, up from 3.5% in Q1 2020. Ford is the No. 3 player with more than 18,000 hybrids sold, including 7,176 F-Series pickups. (Cox Automotive)
Information sourced from NHADA Diamond Partner Cox Automotive Inc.'s analysis of EV sales in Electrified Vehicle Growth Energized in Q1.