U.S. Plug-In Electric Vehicle Sales Up 44.5% In May, Now Above 1% Market Share
The plug-in electric vehicle market in the U.S. continues to set new monthly records. For May, ~16,568 were sold, more than 5,000 higher than a year ago (11,467), good for a ~44.5% year-over-year gain.
Overall EV market share in America in May rose to 1.08%, compared to 0.75% in 2016.
With last month’s results added in, approximately 71,758 plug-ins have been sold through the first 5 months of 2017.
A year ago, just 49,839 plug-ins had been sold. At the current pace of US sales, 2017 would end with almost 230,000 electric vehicles beings sold, a strong 44% more than the record set in 2016 at 158,614 new registrations.
Cumulative sales since December 2010 is now also approaching 650,000, so we should see the 800,000 milestone crossed before year’s end, with the 1 million mark falling sometime in mid-2018.
See full US plug-in sales report (including model-by-model results) for May here.
The Toyota Prius Prime was the best selling model for second consecutive month with 1,908 sales, while continued low stock (less than 10 days inventory on had during the month) suggests that still much higher results are in store for 2017.
Will the Prius Prime be the first plug-in (not named Tesla) to reach 4,000 sales in a month in the US this Fall? It seems like a real possibility at this point.
As of May, the Prime took 19% of total Prius family sales, and has crossed the 10,000 mark since arriving in the US in mid-November.
Another heavyweight contender is the Chevrolet Bolt EV, which at 1,566 sales in May (with more than 4,000 cars in dealer stock over a dozen states) is perhaps is not quite shining as much as hoped, but is still a force to be reckoned with against its peers.
Here are the “Top 10” selling plug-in models after five months of this year: