U.S. EV Sales Ended 2023 At 1.1 Million

Plug-in electric car sales in the United States significantly increased in 2023, reaching a new record volume and market share.

According to Argonne National Laboratory's report, in December some 141,055 rechargeable cars were sold (including 100,928 all-electric and 40,127 plug-in hybrids), which is over 9.8% of the total light-duty vehicle sales. The year-over-year growth amounted to 42%.

In 2023, more than 1.4 million plug-in electric cars were sold in the U.S. (up over 50% year-over-year), which is also 9.1% of the total volume (compared to 6.8% a year ago).

As we can see in the graph from the DOE's Vehicle Technologies Office, the highest market share of plug-ins was achieved in September 2023 (9.9%).

An interesting finding is that, in each month of 2023, the share was 8% or higher, while in 2022, it never exceeded 8%. Nonetheless, the numbers are still much lower than in Europe or China.

The all-electric car sales are estimated at 1.1 million units (up 48% year-over-year) or almost 80% of all plug-ins. That's a new record.

BEVs accounted for about 7% of the market. Tesla represents more than half of the entire all-electric car segment in the U.S. (plus some shares associated with other EV-only start-ups), so we can assume that the average share of all-electric cars among other automakers is around 3%.

It will be interesting to see whether in 2024 we will see a significant increase in BEV sales to a level of 1.5-2 million units.

See also

Top All-Electric Car OEMs By Sales In Q4 And 2023: Tesla Vs. BYD

Stellantis Dominated The U.S. PHEV Segment In 2023 With New Record Sales In Q4