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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