Albert Gore, director of ZETA, emphasizes, "EV sales overall are incredibly strong. Q3 was recording setting for both sales volume and market share." He highlights that the purported slowdown in sales may be misinterpreted, clarifying that it is a matter of growth rate rather than sales volume.
Though the growth rate is now closer to 20% compared to previous years of 50%, this still represents a compelling market for manufacturers... More affordable options are emerging, with several popular EVs priced under $45,000, aligning with mainstream consumer affordability.
Currently, battery electric vehicles account for nearly 10% of new car sales in the U.S. This figure rises to over 14% when including plug-in hybrids. This market share significantly exceeds earlier projections.
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