According to car trading and market insights firm Cox Automotive, automakers sold an estimated 346,309 EVs in the third quarter, a 5% increase from the second quarter. EVs accounted for 8.9% of the total auto sales—the highest ever on record—marking an increase from 7.8% during the same period last year.
Tesla rebounded after consecutive quarters of sales decline, thanks mainly to the Cybertruck and the refreshed Model 3. The automaker's sales were up 6.6% year over year in the third quarter as the Cybertruck is now the third best-selling electric car in the U.S. behind the Model Y and the Model 3.
With improving infrastructure, far more choices, and excellent deals to be had, the team expects further growth in the months ahead; a 10% share is well within reach.
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