Electric Vehicle Sales: Facts & Figures July 2018
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Electric Transportation
Electric Vehicle Sales: Facts & Figures
July 2018
Number of EVs on the Road in the U.S.
ELECTRIC VEHICLES ON THE ROAD
900,000
800,000
700,000
600,000
500,000 400,000
300,000
200,000
100,000
0
2011
2012
2013
Source: and
2014
2015
2016
2017
2018
ABOUT
890,000 EVs are on the road in the U.S.
TOTAL EV SALES
for 2018 are up
40%
compared to 2017
Q2 2018 was the
BEST SALES QUARTER EVER
with more than
69,000 EVs SOLD
EEI | ELECTRIC VEHICLE SALES: FACTS & FIGURES 1
Number of EVs Sold by Quarter
Q UA R TE R LY E V S A LE S I N TH E U. S .
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000 0
Q1
Q2
Q3
Q4
2011 2012 2013 2014 2015 2016 2017 2018
Source: and
KEY FACTS ?? More than 69,000 EVs
were sold in Q2 2018.
?? Q2 2018 sales increased 26% over Q1 and 48% compared to Q2 2017.
?? Overall for the year, EV sales are up 40% in 2018 compared to 2017.
Average Retail Gasoline Price ($/gal)
U.S. AVERAGE GASOLINE PRICE VS. EQUIVALENT ELECTRICITY PRICE
$5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50
KEY FACTS ?? The average price to charge
an EV is about $1.20 per gallon on an equivalent basis.
?? EV sales continue to grow despite relatively low gasoline prices since 2015.
2011 2012 2013 2014 2015 2016 2017 2018
Gasoline
Electricity (equivalent)
Source: U.S. Energy Information Administration
Note: Electricity equivalent calculated using the U.S. Department of Energy eGallon methodology, which assumes average EV efficiency of 32.6 kWh/100 miles and average gasoline car efficiency of 27.9 mpg.
2| EEI | ELECTRIC VEHICLE SALES: FACTS & FIGURES
TOTAL EV SALES BY AUTOMAKER
Tesla GM
Nissan Ford
Toyota BMW FCA VW
Hyundai-Kia Daimler Honda Volvo
125,649 108,660 82,448 70,158 33,674 29,862 17,192 15,797 11,374
6,806
Federal Tax Credit Cap
204,272 183,992
0
50,000 100,000 150,000 200,000 250,000
Cumulative Number of EVs Sold
Source: and
KEY FACTS
?? It is estimated that Tesla sales have now surpassed the 200,000 cap for the $7,500 federal EV tax credit.
?? According to Tesla's reported phase-out schedule, Tesla vehicles qualify for 50% of the credit starting in January 2019, then 25% of the credit in July 2019, before fully expiring in January 2020.
EV SHARE OF SALES BY AUTOMAKER
BMW Volvo Daimler Toyota Volkswagen General Motors Nissan Honda Hyundai-Kia Fiat-Chrysler Ford
1.4% 1.2% 1.2% 1.1% 1.0% 0.9% 0.7% 0.4% 0.4%
4.3%
6.8%
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0%
EV Share of All New Cars Sold, First-Half 2018
Source: , , and
Note: Chart does not include Tesla (100% EV share) and does not include Jaguar Land Rover, Mazda, and Subaru (0% EV share).
KEY FACTS
?? BMW and Volvo stand out with a much higher share of EV sales than other automakers (excluding Tesla).
?? BMW, Daimler, and Volkswagen have announced EV sales targets in the range of 15-25% by 2025.
?? Volvo has announced that it will only sell hybrids or EVs by 2019.
ELECTRIC VEHICLE SALES: FACTS & FIGURES | EEI | 3
GLOBAL EV SALES Q1 2018 VS. Q1 2017
China Europe
U.S. Japan Other
18,000 14,000
14,000 12,000
62,000
67,000 55,000 42,000
93,000
132,000
Q1 2018 Q1 2017
0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 Number of EVs Sold
Source: EV-
KEY FACTS
?? Global EV sales totalled about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017.
?? U.S. EV sales made up about 18% of global EV sales in Q1 2018.
?? U.S. EV sales in Q1 2018 grew by about 32% over Q1 2017, lagging behind growth in Europe of 39% and growth in China of 113%.
Questions or comments? Contact Kellen Schefter at kschefter@
Edison Electric Institute 701 Pennsylvania Avenue, NW Washington, DC 20004-2696 202-508-5000 |
July 2018
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