News Formal

U.S. EV Registrations Accounted For 7.8% Of The Car Market In January 2024

  • 📰 InsideEVs
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

In January, new EV registrations in the U.S. amounted to 89,042 new registrations (up 15% year-over-year), accounting for 7.8% of the market.

January brought a 4.7% year-over-year increase in new light-vehicle registrations in the United States. 1.1 million vehicles were registered. All-electric vehicle registrations slightly outpaced the general market, but the growth rate is significantly slower than in 2023. According to S&P Global Mobility's data , battery-electric cars noted 89,042 new registrations . The growth is positive, however, the average in 2022 and 2023 was above 50%.

Kia is also growing fast, which enabled the wider Hyundai Motor Group to remain the second largest automotive group in the EV segment behind Tesla . BEV registrations in January 2024 : Tesla: 48,757 and 54.8% market share Ford: 5,429 and 6.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 579. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. EV Registrations Accounted For 7.8% Of The Car Market In January 2024In January, new EV registrations in the U.S. amounted to 89,042 new registrations (up 15% year-over-year), accounting for 7.8% of the market.
Source: InsideEVs - 🏆 579. / 51 Read more »

UK car production increases 21% year-on-year in JanuaryThe UK car industry had its most productive month since January 2021 in January
Source: autocar - 🏆 93. / 67 Read more »