{"id":246959,"date":"2023-11-30T17:50:06","date_gmt":"2023-11-30T17:50:06","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=246959"},"modified":"2023-11-30T17:50:06","modified_gmt":"2023-11-30T17:50:06","slug":"electrified-vehicles-surged-to-18-u-s-market-share-in-q3-2023","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/electrified-vehicles-surged-to-18-u-s-market-share-in-q3-2023\/","title":{"rendered":"Electrified Vehicles Surged To 18% U.S. Market Share In Q3 2023"},"content":{"rendered":"<p>The share of electrified cars\u2014including fully-electric ones, hybrids and plug-in hybrids\u2014recently significantly increased in the United States, reaching a record level.<\/p>\n<p>According to the U.S. Energy Information Administration (EIA) report, based on <em>Wards Intelligence<\/em> data, during the third quarter of 2023, the electrified share amounted to 17.7% of new light-duty vehicle sales.\u00a0All-electric cars are already very close to passing non-rechargeable hybrids.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/us-xev-sales-q3-2023-source-eia.png\"><\/p>\n<p>The average electrified vehicle share in the U.S. during the first nine months amounted to 15.8% of new light-duty vehicle sales. That&#8217;s a noticeable improvement from 12.3% in 2022 and 8.5% in 2021.<\/p>\n<p>Of course, there is still a lot of progress needed to at least achieve the level of adoption seen in Europe or China, but electrification is progressing every year now.<\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Falling BEV Prices<\/h3>\n<p>One of the most interesting findings is that the average transaction price of all-electric cars significantly decreased over the past 12 months as automakers and dealers alike have piled on the discounts and deals.\u00a0<\/p>\n<p>According to EIA&#8217;s report, based on <em>Kelley Blue Book<\/em> data, the average transaction price for BEVs dropped by 5% in Q3 to $50,283 (down 24% compared to Q2 2022), which is now within $3,000 of the overall industry average.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/us-xev-prices-q3-2023-source-eia.png\"><\/p>\n<p>We know that there is still a gap between the BEV prices and what we would consider affordable but it&#8217;s great news for consumers that the prices went down noticeably. In the longer term, it&#8217;s expected that BEVs will get closer to the non-luxury price average, which currently appears to be roughly $45,000.<\/p>\n<p>Source: <a href=\"https:\/\/insideevs.com\/news\/698615\/xev-share-us-18percent-2023q3\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of electrified cars\u2014including fully-electric ones, hybrids and plug-in hybrids\u2014recently significantly increased in the United States, reaching a record<\/p>\n","protected":false},"author":2,"featured_media":246958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Electrified Vehicles Surged To 18% U.S. Market Share In Q3 2023 - AutoMotoBuzz.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automotobuzz.com\/car-reviews\/electrified-vehicles-surged-to-18-u-s-market-share-in-q3-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electrified Vehicles Surged To 18% U.S. Market Share In Q3 2023 - 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