2018 February US Plug-In EV Sales Charted: Market Up 33%, 1.3% Share

MAR 8 2018 BY MARK KANE 12

U.S. Plug-In Car Sales – February 2018

Growth of plug-in electric car sales are accelerating in the U.S., reaching in February the highest ratio since May of last year.

InsideEVs estimates that in total some 16,489 plug-in were sold last month (33% more than one year ago).

Market share increased to around 1.27%, so we are highly confident that there is no going back to below 1%.

U.S. Plug-In Car Sales – February 2018

U.S. Plug-In Car Sales – February 2018

Cumulative sales of mainstream plug-in cars since December 2010 are approaching 800,000 units with the first 1,000,000 to be achieved within 12 months or so, we believe.

U.S. Plug-In Car Sales – February 2018

The three top selling vehicles for the month and for the year are the Tesla Model 3, Toyota Prius Prime and Chevrolet Bolt EV.

Nissan began volume deliveries of the second generation LEAF but with 895 it didn’t quite make a big splash yet.

Tesla Model 3 is rising and even though it’s far from being at its production goal, sales exceed any other plug-in model with 2,485 estimated deliveries in February and 4,360 for the year.

Tesla Model 3 sales in U.S. (estimated) – February 2018

Toyota Prius Prime noted 2,050 sales in February, which was 29% of all Prius sales that month.

Toyota Prius Prime sales in U.S. – February 2018

And finally, third best selling plug-in car – Chevrolet Bolt EV1,424 is probably below our hopes but until it’s growing year-over-year there is no much to complaints.

Chevrolet Bolt EV sales in U.S. – February 2018

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12 Comments on "2018 February US Plug-In EV Sales Charted: Market Up 33%, 1.3% Share"

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Mark, the scorecard table reports 16,489, here yo reported 14, 489. Is this a typo?

Fixed. Thanks!

So my question still remains: Are we just replacing hybrid sales with plugin sales, or will EVs ever become a real competitor for ICE?

Prius is a gateway drug to full EV.
More power to Prius.

Prius sales may seem down part that is mostly because Toyota has been sitting on the Prius. While Prius sales have went down, Ford Fusion Hybrid is up, so is Honda Accord Hybrid.

The only bright side for Toyota is their hybrid SUVs went up like highlander and RAV4.

Overall, hybrid sales are up.

Looking at last year, hybrid sales in the US are up 4.9% while auto sales in general are down 1.9%. So no we aren’t just replacing hybrids with EVs. Both hybrids and EVs are growing, just EVs are growing faster.

California represents almost 50% of U.S. plug-in sales. And being the state with the most market penetration so far, we can use it as sample for things to come in the nationwide market. A few stats demonstrate that plug-ins might be attracting conventional hybrid owners, but plug-ins are actually growing on their own merits, with the overall electrified segment (HEV + BEV + PHEV) growing beyond what conventional hybrids achieved in the recent past. The maximum national HEV market share was 3.19% achieved in 2013. After that, the HEV intake has been falling and for 2017 was 2.13%. See here: https://upload.wikimedia.org/wikipedia/commons/c/c3/US_HEV_market_share_1999_2014.png Meanwhile the national plug-in car intake achieved 1.13% last year, so the electrified segment reached 3.26%, therefore surpassing the maximum market share achieved by HEVs. In the case of California, the HEV market share also peak in 2013 achieving 6.9%, and has declined afterward. See here: https://en.wikipedia.org/wiki/Plug-in_electric_vehicles_in_California#/media/File:Comparison_PHEV_%26_PEV_market_shares_in_California.png And then in 2017, the PEV share in California (4.8%) was higher than the HEV share (4.6%), but the combined share of electrified cars , totaled 9.4%! – the same combined share of HEV peak year (2013) and barely below the combined intake for 2014 (9.5%). As a reference, the combine share… Read more »

Model 3 and the new leaf should push us to 2% by the end of the year.

If Bolt actually increases production, maybe we can get above 2.5% by the end of the year as well…

US sales sure seemed stagnant between mid 2012 and the end of 2015. Hopefully we are done with plateaus for awhile.

Don’t forget the Prius Prime!

With the Bolt, Model 3, Prime and new Leaf, 2018 should be a good year for growth.

About 300.000 (or even more) plug-in sales in the US in 2018 is really possible.

If market share increases 33% year over year for the next decade, new EV sales will represent 22% of new sales by 2028. That seems like a reasonable goal.