Connect with us

Published

on

EV sales surged past 300,000 for the first time in the third quarter, a nearly 50% increase over last year. As automakers like Volvo, Mercedes-Benz, Nissan, and Hyundai ramp production, Tesla’s market share is slipping.

The latest quarterly EV sales estimates from Cox Automotive dropped Thursday, showing a record 313,086 electric cars sold from July to September. EV sales have now expanded for 13 straight quarters.

Electric vehicles accounted for 7.9% of total US auto sales in Q3, up from 6.1% a year ago and 7.2% in Q2.

EV sales surged 49.8% compared to last year, increasing 5% from the 298,039 sold in Q2. The data shows most automakers have picked up the pace significantly over the past year.

Volvo, Nissan, Mercedes-Benz, and Hyundai posted notable progress, with sales growing over 200%. The growth comes as new electric models hit the market. Over the past year, 14 new EVs have been introduced.

Higher inventory, more availability, and lower prices have also contributed to the growth. According to Cox Automotive, EV prices are down 22% over the last year, with a $50,683 average price paid in September.

The price cuts are led by Tesla, with prices down around 25% from last year. Last week, the Tesla Model 3 hit its lowest starting price ever at $38,880.

US-EV-sales-Q3
(Source: Tesla)

Tesla’s market share shrinks as US EV sales pick up

Although Tesla continues its dominant expansion, delivering over 435,000 cars in Q3 (+19.5% YOY versus industry average of 16.3%), the EV leader’s market share is slipping.

Tesla’s market share hit 50% in the third quarter, down from 62% in Q1 and its lowest so far. The highly anticipated Cybertruck could help turn things around, but the competition is still picking up.

Since Tesla pioneered the industry, losing market share as other automakers ramp up is inevitable. The gap is still massive at 50% of the market. (Check out these two charts for proof.)

US-EV-sales-Q3
Rivian R1S (Source: Rivian)

Rivian delivered 15,564 electric vehicles in the quarter, up 126% from last year. GM began delivering the Chevy Silverado EV (although they only delivered 18 units), and Ford expects F-150 Lightning production to pick up by the end of the year.

Meanwhile, overseas automakers are beginning to make their presence known. Mercedes-Benz EV sales climbed 284% to reach 10,423 in Q3.

Although Ford (20,962) and GM (20,092) sold more electric models in the quarter, Mercedes topped the American automakers as a percent of total sales. Mercedes’s EV sales in the US reached nearly 15%, while GM and Ford are around 3% to 4%.

Q3 2023 sales Q3 2022 YOY Q3 Market Share
Audi 7,538 3,891 93.7% 2.4%
BMW 13,079 4,365 199.6% 4.2%
BrightDrop 35 0% 0%
Cadillac 3,018 36 0% 1%
Chevrolet 15,872 14,709 7.9% 5.1%
Ford 20,962 18,257 14.8% 6.7%
Genesis 1,802 888 102.9% 0.6%
GMC 1,167 411 183.9% 0.4%
Fisker 997 0% 0.3%
Hyundai 19,630 5,824 237.1% 6.3%
Jaguar 86 22 290.9% 0%
Kia 9,325 5,583 67% 3%
Lexus 1,394 0% 0.4%
Lucid 1,618 654 147.4% 0.5%
Mazda 34 8 325% 0%
Mercedes 10,423 2,717 283.6% 3.3%
Mini 516 1,105 -53.3% 0.2%
Nissan 6,074 1,276 376% 1.9%
Polestar 3,710 2,852 30.1% 1.2%
Porsche 2,050 1,325 54.7% 0.7%
Rivian 15,564 6,884 126.1% 5%
Subaru 2,791 0% 0.9%
Tesla 156,621 131,024 19.5% 50%
Toyota 2,827 0% 0.9%
VinFast 1,159 0% 0.4%
Volvo 4,087 542 654.1% 1.3%
Volkswagen 10,707 6,657 60-.8% 3.4%
US electric vehicles sales Q3 (Source: Cox Automotive)

Hyundai has been on a hot streak as sales of its dedicated EV models continue gaining momentum. The South Korean automaker sold 19,630 EVs in Q3, a 237% increase from last year. Hyundai set a record by selling 11,665 IONIQ 5 electric SUVs in the quarter (+143% YOY).

US-EV-sales-Q3

Volvo was another legacy automaker that saw substantial growth, with EV sales climbing 650% over last year. The Swedish automaker expects the trend to continue with new models, including the EX30 (its smallest and cheapest EV) and the flagship EX90, its first electric seven-seater SUV.

Other German luxury automakers saw sales growth, with BMW’s EV sales climbing nearly 200% and Audi’s up 94%.

EV-sales-US-Q3
EV share of brand sales Q3 (Source: Cox Automotive and KBB)

BMW, Audi, Volvo, Volkswagen, Mercedes-Benz, and Porsche all posted double-digit EV sales share. Meanwhile, Toyota, GMC, Subaru, and Lexus were below the 2% mark.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

BYD claims its new Denza Z9 GT is the fastest luxury NEV to reach 10,000 deliveries

Published

on

By

BYD claims its new Denza Z9 GT is the fastest luxury NEV to reach 10,000 deliveries

BYD claims its sleek new Denza Z9 GT became the “fastest new energy luxury car” to reach 10,000 deliveries. The luxury model sold for about $52,000 on average and is headed to Europe next to challenge Porsche and BMW.

BYD Denza Z9 GT sets luxury NEV record for deliveries

After it went on sale on September 20, 2024, the new luxury GT is already off to a hot start. BYD’s premium Denza brand hit a milestone, delivering its 10,000th Z9 GT model on Sunday.

BYD claims the Denza Z9 broke an industry record by “becoming the fastest new energy luxury car to deliver more than 10,000 units.” The new model sold for an average of 380,000 yuan, or around $52,000. It’s available with fully electric (EV) and plug-in hybrid (PHEV) powertrain options.

The EV model is available in Pro or Max trims, with prices starting at 354,800 yuan ($48,500) and 384,800 yuan ($52,600).

With a tri-motor setup, the all-electric Denza Z9 GT packs nearly 1,000 hp combined. BYD’s e3 platform provides a 308 hp (230 kW) front and dual rear electric motors with 644 hp (480 kW).

BYD-luxury-GT-deliveries
BYD delivers 10,000th Denza Z9 GT (Source: BYD Denza)

Powered by a 100 kWh BYD battery back, the luxury EV has a CLTC range of over 391 miles (630 km). The PHEV variant gets up to 683 miles (1,100 km) range.

The Denza Z9 GT is 5,180 mm long, 1,990 mm wide, and 1,500 mm tall, or about the size of the Porsche Taycan Turbo GT (4,968 mm long, 1,998 mm wide, 1,378 mm tall) or Panamera GTS (5,053 mm long, 1,937 mm wide, 1,417 mm tall).

The luxury GT is the first to feature BYD’s 9000 smart cockpit chip, developed in-house with TSMC, and can support up to 11 connected screens.

The interior includes a 13.2″ driver display, 17.3″ infotainment, and 13.2″ passenger display screens. It also has a 50″ augmented reality head-up display (HUD).

BYD has already confirmed the Denza Z9 GT will launch in Europe at a lower price than its luxury rivals. It will also launch a sedan variant, shown last year.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Save 47% during short-term Jackery sale from $329, Velotric Go 1 Utility e-bike at $999 low, 1-day Anker SOLIX discount, more

Published

on

By

Save 47% during short-term Jackery sale from 9, Velotric Go 1 Utility e-bike at 9 low, 1-day Anker SOLIX discount, more

Our Green Deals coverage this week kicks off with a short-term sale through Friday from Jackery which is seeing its Explorer 2000 v2 Portable Power Station drop to its $999 low, among other savings. Velotric has provided a second chance to hop aboard its well-rounded Go 1 Utility e-bike for a $999 low, with some notable discounts/bundle offers on other popular models. We also spotted a discount for today only on Anker’s SOLIX F3800 Portable Power Station that is taking costs to $2,449 alongside its expansion battery also seeing a one-day-only fall to $1,799. Lastly, Goal Zero’s Alta 50 Portable Fridge/Freezer is down at $550, with its larger counterpart sitting at its second-lowest rate. Plus, all the other hangover Green Deals are in the links at the bottom of the page, collected together in our Electrified Weekly roundup – and don’t miss out on the Lectric and Rad Power flash sales that are ending tonight!

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Jackery sale drops new Explorer 2000 v2 LiFePO4 power station to $999 low

Jackery is running a four-day sale through January 24 that is offering up to 47% off on some of the brand’s best power stations for home backup needs, DIY work, and outdoor enjoyment. One of the latest releases, Jackery’s Explorer 2000 v2 Portable Power Station, is dropping down to $999 shipped. Today’s deal is following Black Friday trends with a 33% markdown off its usual $1,499 full price, with $1,099 being the more average discounted rate we’ve seen. With today’s deal, you’ll be getting the maximum savings we’ve seen at $500 off, which returns costs to the all-time lowest price we have tracked. You’ll also find this model matches the price from Amazon.

Looking for a compact power station that can not only cover devices you’ll take along on trips, but also appliances in times of both leisure and emergency? Jackery’s Explorer 2000 v2 stuffs it all into one convenient and affordable unit, with a 2,042Wh LiFePO4 capacity, seven port options, and a 2,200W power output that surges up to 4,400W. It’s been designed with exclusive CBT tech and a honeycomb build for a smaller and lighter size, while the ChargeShield 2.0 tech provides 62 forms of protection while it is charging and its silent charging mode keeps the noise under 30dB for when you’re trying to relax or sleep.

There are four ways to recharge Jackery’s Explorer 2000 v2, with an 80% battery achieved via a wall outlet in around 66+ minutes – and it also boasts a supercharge feature for last-minute needs that will refill the entire battery in 102+ minutes. Your car’s auxiliary port is also an option taking about 24 hours, or you can invest in some of the solar panels to take advantage of its solar charging capabilities (discounted bundles available from Amazon)

Jackery deals for DIY support

Jackery deals for outdoor exploration

Jackery deals for home backup

You’ll also find some select discounts by way of Jackery’s official Amazon storefront, with this flagship Explorer 3000 Pro solar generator bundle that comes with a transfer switch for your breakers down at its second-lowest price.

Velotric Go 1 Utility e-bike

Second chance at $700 savings on Velotric’s Go 1 Utility e-bike with Apple Find My at $999 low

Velotric has ongoing New Year savings happening across its e-bike lineup, with the brand’s Go 1 Utility e-bike even seeing a drop to $999 shipped. More recently fetching $1,699 in full after falling from its original $1,799 MSRP earlier in 2024, this model has been regularly dropping to $1,299 during sales, with things only hitting $999 once last month for a three-day flash sale. It’s coming back again here with $700 struck from its going rate for a second chance at the lowest price we have tracked.

Velotric’s Go 1 e-bike is a model built for versatility, bringing far more to your table than a standard commuter, especially at its lowest price. The 692Wh battery delivers 55 miles of pedal-assisted support (five levels) on a single charge, with a throttle for pure electric action at the cost of higher mileage. The 500W hub motor (peaking at 900W) will have you moving at 20 MPH speeds, with its maximum 25 MPH speed unlockable through the companion app.

Speaking of the smart controls, one notable feature is the Apple Find My inclusion, providing you with some added peace of mind should it be misplaced or stolen. There’s also the hydraulic suspension (with lock-out), hydraulic disc brakes, puncture-resistant tires, a 7-speed Shimano derailleur, the integrated LED headlight, a rear rack with an integrated taillight that delivers brake lighting, and a 3.5-inch LCD display that sports a USB port to charge your devices on the go.

Most notable Velotric e-bike deals:

  • 2024 Discover 1 Plus Comfort e-bike: $1,199 (Reg. 1,599)
    • 28 MPH for up to 65 miles
    • 30% off accessories with e-bike purchase
  • T1 ST Plus Lightweight e-bike: $1,299 (Reg. $1,549)
    • 28 MPH for up to 70 miles
    • 30% off accessories with e-bike purchase
  • Nomad 1 Plus Step-Thru e-bike: $1,399 (Reg. $1,799)
    • 28 MPH for up to 55 miles
    • comes with free double-spring comfort saddle
  • Discover 2 e-bike: $1,749 (Reg. $1,899)
    • 28 MPH for up to 75 miles
    • comes with free suspension seatpost 2.0
  • And much more…
Anker SOLIX F3800 portable power station

Save $1,050 on Anker’s SOLIX F3800 3,840Wh LiFePO4 power station at $2,449 (Today only)

By way of its Deals of the Day, Best Buy is offering the Anker SOLIX F3800 Portable Power Station for $2,449 shipped until midnight tonight (January 20). Today’s deal is benefitting from a 30% markdown off its $3,499 rate here (with a higher $3,999 rate direct from Anker). We’ve seen it go lower twice before with Cyber Monday seeing it $50 lower while an exclusive Black Friday deal at Wellbots saw it fall to the $2,099 low. You’ll be saving $1,050 today ($1,550 when considering its direct rate), giving you the means to power anything at the third-lowest price we have tracked. It’s even beating out Anker’s own site right now that has it discounted to $2,699.

Anker’s SOLIX F3800 power station boasts a larger (and expandable) capacity with far more versatility, coming in with a 3,840Wh LiFePO4 battery that can be bumped up to 26.9kWh with added expansion batteries (see the deal below). With a 6,000W power output that surges to 9,000W, its 15+ port options allow it to power virtually anything – with hook-ups for your RV and electric car too. It can even cover your home’s circuit breaker with either a Home Backup Kit for sectional support or the Home Power Panel for whole-home coverage on top of connection capabilities with your roof panels (check out direct Anker deals for those here).

For the rest of the day, Best Buy is also offering the expansion battery for the above power station at its second-lowest price of $1,799 shipped. By adding this add-on battery to your F3800 setup, you’ll gain an additional 3,840Wh worth of capacity – bumping things to 7,680Wh+ and allowing for longer periods of backup power, especially in emergencies.

Goal Zero Alta 50 Portable refrigerator and freezer

Goal Zero’s portable fridge/freezer down at lowest price starting from $550 (Save $250+)

Goal Zero’s official Amazon storefront is offering its Alta 50 Portable Fridge/Freezer at $549.95 shippedafter clipping the on-page $250 off coupon. Coming down from its full $800 price, today’s deal is saving you a sizeable 31% off its going rate. You’ll save $250 here at the second-lowest price we have tracked, which comes in just six pennies higher than its all-time lowest rate, beating out plenty of same-sized competitors that tend to keep near $750 and up.

Goal Zero’s Alta 50 (and its larger Alta 80 counterpart) makes a great portable refrigeration/freezing option for job sites, camping trips, or even at-home use in garages, sheds, and more. Able to hold as low a temperature as -4 degrees, it switches between refrigeration or freezing capabilities with a 53L capacity that can hold up to 75 twelve-ounce cans at once. Keep in mind though, this model doesn’t have its own battery and needs either an outlet or one of the brand’s power stations to keep it running.

Right now, you might also want to consider the larger and more dual-purposed Alta 80 model which is down at $699.89 from its usual $1,000 rate. You won’t have to choose which function to go with here, as its larger 78L capacity is split between dual zones for simultaneous refrigeration and freezing. It holds an impressive 130 twelve-ounce cans, with runtimes of up to 12+ days depending on which of the brand’s power stations are running it.

Best New Year EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Troubled off-road electric motorbike maker enters receivership

Published

on

By

Troubled off-road electric motorbike maker enters receivership

The Tauranga, New Zealand-based electric motorcycle maker UBCO has entered receivership, marking dim prospects for the mobility company that had only recently announced a major partnership with Australia Post.

The receivership is being handled by professional services company Grant Thornton, who is reported to have announced the termination of all employee contracts and the suspension of future operations.

Unlike traditional bankruptcy, a receivership occurs when a third-party receiver is appointed to take control of a company’s assets and operations in an effort to recover debts. While bankruptcy often signals the end of a company’s independent operations, receivership may still leave room for recovery or a sale to a new owner.

UBCO is well known for its 2X2 all-wheel-drive electric motorbikes, which are popular among riders who cover both off-road terrain and on-road commuter style riding.

The company has expanded with several different models, but has remained focus on such dual-purpose motorbikes, especially for use in areas with varied terrain.

That was a key piece of the Australia Post deal, with the postal service down under recently receiving 175 new UBCO DUTY electric motorbikes for mail delivery, both in rural and urban areas. The rugged electric two-wheelers now in use by Australia Post were praised for excelling at traversing a variety of terrain, helping the postal service make deliveries in areas that traditional mail vans either can’t reach or are too large to make sense.

UBCO will reportedly still provide necessary parts through its parent company, with service of the vehicles already being handled by an outside company.

The news of UBCO financial troubles follow several other high-profile e-motorcycle maker stumbles. In the last year, we’ve seen similar headlines regarding Italian electric motorcycle maker Energica and Swedish electric motorcycle company CAKE, though the latter is in the process of trying to land on its wheels.

Not long before, the e-bike and electric motorcycle company SONDORS also shuttered its doors.

Site default logo image

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending