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Q3 2024 saw strong EV sales from Tesla, Kia, Mitsubishi, Fiat, and Dodge, with significant growth in plug-in hybrids like the Jeep Wrangler 4xe and Mitsubishi Outlander.
Independent auto dealers are struggling with high costs and political uncertainty, while poor EV knowledge at dealerships is hurting sales and customer trust.
GM’s Q2 2024 sales hit a record high, driven by a 40% surge in EV sales and strong truck performance, despite ongoing challenges with SUV sales.
Polestar reports 80% Q2 delivery growth, new production sites, leadership changes, and expansion into new markets, highlighting strong momentum.
Lucid Motors set a new Q2 delivery record with 2,394 EVs, boosted by price cuts and production gains. The stock soared 9% on the news.
Rivian surpasses Q2 2024 delivery forecasts, plans updates for 2025 R1S/R1T models, and partners with Volkswagen in a $5B venture.
Tesla’s Q2 2024 production and deliveries dropped with rising competition, reducing market share and reliance on Model 3 and Model Y.
Hyundai’s IONIQ 5 and IONIQ 6 set new sales records in Q2, driving a 51% and 8% increase, respectively, highlighting strong growth in EV and green sales.
Toyota Motor North America EV sales soared 67.9% in Q2 2024, with EVs making up 38.3% of total sales volume, an all-time best-ever.
The newest International Energy Agency report shows that EV sales are still increasing in 2024, as EV sales approach 50% of all new car sales.
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