Electric vehicle sales in the U.S. rose 48.4% year-over-year in the second quarter of 2023, according to Cox Automotive. Even with 300,000 EVs leaving lots in Q2, manufacturers are looking at a.
The average transaction price for a new car in June was $48,808, according to Kelley Blue Book. That represents the smallest year-over-year price increase (1.6%) since the start of the pandemic a.
In 2021, Tesla announced that the Cybertruck would be joining the nascent EV truck market. Amid competitors like Rivian, Ford and Hummer, Tesla's Cybertruck held promise on brand name alone. Be Aware:.
There's little doubt that electric vehicles will eventually take the automotive industry by storm, if they haven't already. From 4% in 2020 to 14% in 2022, the share of electric cars is expected to.
The electric vehicle market had a banner 2023. Several refreshingly affordable models hit the market and some on the other end of the spectrum reset the bar for elegance and luxury. The used EV market.