Dealerships sold five times as many electric vehicles last year as in 2020, said the National Automobile Dealers Association, citing Wards Intelligence data.
The sales report also projects that 2023 will see another big EV sales increase.
EV Sales Surged in Past Two Years
Consumer demand also ballooned in period of dealership infrastructure investment in transition.
May 10, 2023
Consumer Reports data shows EV demand jumped 350% from 2020 to 2022.
IMAGE: Pexels/Kindel Media
1 min to read
Franchised dealerships sold nearly 260,000 battery-electric vehicles last year, NADA said, up from just over 135,000 in 2021 and 53,000 in 2020.
It also cited Consumer Reports data that shows EV demand jumped 350% in the same two-year period.
NADA says dealers are the primary consumer educators when it comes to EVs and that they’re “leading the way in EV investments,” including chargers, power lines and other infrastructure.
Originally posted on Auto Dealer Today
More Showroom
EVs Gain Traction in Europe
First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.
Read More →
California Holds EV Lead Despite Annual Decline
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
Read More →
Will Extended-Range Autos Make Inroads?
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumer crave more range.
Read More →
Electrifieds Lead EU New-Vehicle Sales
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
Read More →
Hyundai Expands North American Footprint
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Read More →
Afeela EV Brand Fails to Leave the Factory
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
Read More →
Used-Vehicle Sales Jump in February
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
Read More →
Black Book: Weekly Market Update
The wholesale automotive market fared remarkably well given the U.S.-Israel war on Iran, Black Book analysts reported.
Read More →
FTC Targets Auto Dealers Over ‘Deceptive Pricing’
The agency sent warning letters to dozens of auto groups about what it described as illegal practices and urged them to ensure their pricing policies enable transparency with consumers.
Read More →
Used Market Gains Speed
New-vehicle sales fell year-over-year for the fifth month in a row in February, making retail deliveries the slowest they’ve been since 2023, according to a CarGurus report.
Read More →