US Plug-In Electric Car Sales Charted: October 2018
No record this time, but growth still is tremendous.
October was a good month for plug-in car sales in the U.S. as according to our own estimations, some 34,094 passenger cars were sold, which translates to growth of 138% year-over-year!
There was no chance to beat September at over 44,000, but that is not the goal (specifics for particular months vary). The most important takeaway is that the pace of growth accelerated from 110% in September to 138% in October.
In October, some 2.5% of new car sales were plug-ins (the 2nd best after nearly 3.1% in September).
U.S. Plug-In Car Sales – October 2018
Total sales during the first ten months of 2018 stand at 268,729 at an average market share of nearly 1.9%.
The Tesla Model 3 currently represents almost 36% of the total U.S. plug-in car market and together with Model S/X, Tesla takes almost a perfect 50% (in the 10-month period thus far in 2018).
In October, Tesla Model 3 exceeded the Toyota Prius Prime (two generations) on the cumulative sales graph. The Nissan LEAF will be next within two months.
Tesla Model X, on the other hand, caught the Ford Fusion Energi.
Finally, here is the presentation of the automakers closest to losing the federal tax credit (Tesla already entered the countdown for the phase-out of the federal tax credit).
GM probably will sell its 200,000th plug-in in December, but maybe just like in the case of Tesla, the federal tax credit counter will reach 200,000th a month later than anticipated. Reaching 200,000 in early January would be more favorable than in late December, because it enable receipt of the full $7,500 tax credit for 3 more months (compared to just a few days).