Sales of new electric vehicles (EVs) for the first nine months of 2023 rose 50.9% from the same period a year ago, pushing the EV market share up slightly to 7.5%. U.S. consumers bought 875,798 EVs between January and September this year. EV sales have now expanded for 13 straight quarters.
According to Cox Automotive, EV prices are down 22% over last year, with a $50,683 average price paid in September. Higher inventory, greater availability, and lower prices have all contributed, Cox says.
