EV Sales Strong as Year Wanes
Global deliveries surge as U.S. and Canada post robust growth.
Forecast shows a strong U.S.-Canada EV sales finish to the year as U.S. consumers tap federal EV tax credits that the incoming Trump administration has said it wants to eliminate.
Pexels/Kindel Media
Global electric-vehicle sales ticked up to a new record in November, and combined U.S.-Canada sales saw a healthy bump.
Worldwide EV sales rose 100,000 units to 1.8 million units, according to London-based EV sector researcher Rho Motion.
Year-to-date global EV deliveries are up sharply year-over-year – 25% to 15.2 million, Rho Motion data show, while U.S. and Canada sales alone have grown by 10% to 1.6 million.
Rho Motion forecasts a strong U.S.-Canada sales finish to the year as U.S. consumers tap federal EV tax credits that the incoming Trump administration has said it wants to eliminate.
China, an EV sales juggernaut, sold nearly 1.3 million units in November, surpassing its previous record set in October by 50,000, and is up 40% year-to-date to 9.7 million, Rho Motion said.
Meanwhile, sales in Europe are down 3% year-to-date, the only region seeing a decline.
DIG DEEPER: Auto Dealers Bullish On Market
More Industry
Two New Rides Earn Safety Awards
Thanks to vehicle redesigns, two more vehicles have earned IIHS’ Top Safety Pick+ award that builds on the criteria of the lower Top Safety Pick award.
Read More →
How A Simple Phone Call Can Cause a Dealership Data Breach
Despite the sophisticated techniques fraudsters often employ today to gain access to dealerships’ valuable information, they sometimes use a somewhat old-fashioned approach.
Read More →
Texas Rooftop Gets New Owner, Name
Family-owned Lumos Auto Group acquired Acura of the Rio Grande Valley from Bill Bird and will operate the dealership as Lumos Acura.
Read More →
Hyundai Feeling Electric
As the automaker looks to the balance of the decade, it plans to significantly boost its electrified powertrain lineup, including more hybrids and its first extended-range EVs.
Read More →
Dealer Debrief: Luxury Brands are Losing Ground
The quality gap between luxury and mass-market auto brands is narrowing. Today, Lauren is discussing why.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
Longtime Ford Store Changes Hands
The Virginia dealership joins a small area automotive group in a one-dealership transaction, moving from one family franchisee to another.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
ASE Seeks Accurate Technician Pay, Benefits Data
New free membership trial removes cost barrier for dealerships and shops willing to contribute anonymous information to the industry data exchange.
Read More →
No Longer Worth the Price?
Mass-market auto brands are gaining ground on luxury competitors with what used to be premium features, helped along by the pressure of high vehicle prices dogging budget-conscious shoppers.
Read More →