Battery-electric vehicles accounted for 8 percent of new vehicle sales in June and July of this year and should be above 8 percent for September, according to estimates from S&P Global Mobility. While growth has slowed from the 50 percent year over year we experienced in 2023, the trend is still positive, with market share increasing from 7 percent in the first three months of the year. That also has to be seen in the wider context of overall new vehicle sales, which are expected to drop by 12 percent this month.
“New vehicle sales remain stuck in neutral,” said Chris Hopson, principal analyst at S&P Global Mobility. “The overall tenor of the auto demand environment remains one of consistent, but unmotivated volume levels as consumers in the market continue to be pressured by high interest rates and slow-to-recede vehicle prices, which are translating to high monthly payments.”
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funkboxing on
What is the absolute cheapest EV (road legal car, golf carts don’t count) you can buy in the US?
MultiGeometry on
EVs are not for everyone and they don’t replace ICE vehicles 1:1s. They are better at some things and worse at others. For those who think they suck, OK, don’t buy one. But there’s too many who would rather spread misinformation rather than happily continue on with their ICE purchase in peace.
goldfaux on
New car prices are just too high right now. My next vehicle will be an electric vehicle, but im waiting for more used SUV options. My current vehicles are almost paid off so just waiting for that point in time. The idea of not having a car payment is my top priority. When Im forced to upgrade it will be electric. I have no interest in buying another combustion engine vehicle.
blingmaster009 on
I would buy a Tesla model 3 if I could. I dislike Musk enormously but consider Tesla an American success story. I have sat in some of my friends Teslas and appreciate the innovation as well as the obstacles the company must have overcome. I like the electric Mustang too but its v expensive. Heard many praises about the Bolt also.
IamMillwright on
Define ‘healthy’ Most folks I know can barely afford rent….so who is buying these EV’s?
7 Comments
Battery-electric vehicles accounted for 8 percent of new vehicle sales in June and July of this year and should be above 8 percent for September, according to estimates from S&P Global Mobility. While growth has slowed from the 50 percent year over year we experienced in 2023, the trend is still positive, with market share increasing from 7 percent in the first three months of the year. That also has to be seen in the wider context of overall new vehicle sales, which are expected to drop by 12 percent this month.
“New vehicle sales remain stuck in neutral,” said Chris Hopson, principal analyst at S&P Global Mobility. “The overall tenor of the auto demand environment remains one of consistent, but unmotivated volume levels as consumers in the market continue to be pressured by high interest rates and slow-to-recede vehicle prices, which are translating to high monthly payments.”
[removed]
What is the absolute cheapest EV (road legal car, golf carts don’t count) you can buy in the US?
EVs are not for everyone and they don’t replace ICE vehicles 1:1s. They are better at some things and worse at others. For those who think they suck, OK, don’t buy one. But there’s too many who would rather spread misinformation rather than happily continue on with their ICE purchase in peace.
New car prices are just too high right now. My next vehicle will be an electric vehicle, but im waiting for more used SUV options. My current vehicles are almost paid off so just waiting for that point in time. The idea of not having a car payment is my top priority. When Im forced to upgrade it will be electric. I have no interest in buying another combustion engine vehicle.
I would buy a Tesla model 3 if I could. I dislike Musk enormously but consider Tesla an American success story. I have sat in some of my friends Teslas and appreciate the innovation as well as the obstacles the company must have overcome. I like the electric Mustang too but its v expensive. Heard many praises about the Bolt also.
Define ‘healthy’ Most folks I know can barely afford rent….so who is buying these EV’s?