Ford Mustang Mach-E next to a Tesla Cybertruck at a Supercharger (Photo: Courtesy of Tesla Inc.)
EV and hybrid sales are steadily increasing in the US, reaching an all-time high in Q3 2024, according to the US Energy Information Administration (EIA).
In Q3, the combined sales of hybrid, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) made up 19.6% of all new light-duty vehicle sales, according to estimates from Wards Intelligence. That’s up from 19.1% in Q2, setting a new benchmark for the growing market share of electrified vehicles.
The growth in Q3 was primarily driven by hybrids. BEV sales slightly dipped, with their share of the light-duty vehicle market going from 7.4% in Q2 to 7.0% in Q3. Meanwhile, hybrids now account for 10.8% of the market – a record high.
BEVs still reign in the luxury segment, making up 35.8% of luxury vehicle sales in Q3 2024. However, the luxury share of BEVs is shrinking as more affordable BEVs make their way onto the market. In Q3, 70.7% of all BEVs sold in the US were luxury models – the lowest luxury share since Q2 2017 – while only 10.3% of hybrid vehicles sold fell into the luxury category. BEVs still come with a hefty price tag: The average transaction price for a new BEV was $56,351 at the end of Q3, about 16% higher than the overall average price for new vehicles, according to Cox Automotive.
Tesla is still the BEV king, but its crown is slipping. For the second consecutive quarter, Tesla’s market share dipped below 50%, coming in at 48.8%. The Model Y and Model 3 continue to be major sales drivers, and Tesla also saw a boost from the Cybertruck, which outsold all of its large electric truck competitors, including the Rivian R1S, Ford F150 Lightning, and Chevy Silverado EV.
Ford still holds onto second place in the BEV market, though its share fell to 6.9% in Q3 from 7.94% in Q2. Chevrolet, powered by the success of the new Equinox and Blazer models, moved into the third spot, replacing Hyundai with a 5.8% market share.
Most of the BEVs sold in the US are now produced close to home. In Q3, 78.9% of BEVs sold in the US were made in North America, with the rest coming from countries like South Korea (7.3%) and Germany (5.3%), based on Wards Intelligence estimates.
The Inflation Reduction Act’s clean vehicle tax credits are also influencing the EV landscape. To qualify, manufacturers need to meet domestic content requirements not just for final assembly, but also for battery components and critical minerals. It’s not as simple as just building a car in North America.
However, the requirements are looser for leased vehicles, which means many EVs that don’t qualify for purchase incentives do qualify for lease incentives under the commercial clean vehicle credit, giving consumers more options to get behind the wheel of an EV.
However, changes to the federal EV tax credit starting January 1, 2025, are anticipated. Joel Levin, executive director of Plug In America, said last month:
We have no way of knowing what will happen under a new administration and new Congress.
So if you’re thinking about getting a new or used EV, now is a great time for both. There are so many models on the market, and consumers can often stack incentives from states, municipalities, and utilities on top of the federal EV tax credit, which provides a great deal for car buyers.
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Kenworth has announced the addition of Bendix’ Fusion advanced driver assist system (ADAS) to its line of options on the T680 line of Class 8 commercial semi trucks – a lineup that includes the Next Generation T680E battery electric semi truck.
One of the many new trucks revealed at the 2025 ACT Expo in Anaheim, California earlier this year, the Next Generation Kenworth T680E featured the latest advancements in battery-electric technology, an enhanced exterior design, and a suite of new, in-cab technology that extends to the addition of three Bendix Fusion version: ADAS, ADAS PRO, and ADAS PREMIER.
All three of the announced ADAS packages offer updated Adaptive Cruise Control (ACC) with ACC Stop and Auto Go™, a new Pedestrian Autonomous Emergency Braking (PAEB) feature, and a new High Beam Assist feature to reduce the likelihood of blinding oncoming drivers supported by the addition of a new forward-looking camera.
Those updates are in addition to the ADAS units Autonomous Emergency Braking (AEB), Multi-Lane Autonomous Emergency Braking, Highway Departure Braking (HDB), and Stationary Vehicle Braking (SVB), Lane Departure Warning, and Bendix® Blindspotter® Side Object Detection already available on previous versions of the ADAS-equipped Kenworth.
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Kenworth migital mirrors
Kenworth DigitalVision Mirrors; via Bendix.
Now that we’ve got that acronym-loaded word-salad out of the way, we can get to the point: the newest generation of electric trucks is easier and safer to drive – and not just safer for the truck’s operators, but for the people who share the roads with them, too.
Kenworth T680E electric semi
Next Generation T680E; via PACCAR Kenworth.
The Next-Generation T680E is available with up to 605 peak hp and 1,850 lb-ft of torque from a PACCAR Integrated ePowertrain fed from a 500 kWh li-ion battery pack good for more than 200 miles of loaded range. The updated Class 8 BEV is rated up to 82,000 lb. gross vehicle weight ratings (GVWR), and can get that load back up to speed quickly with a 350 kW peak charge rate that means the T680E can charge up to 90% in just two hours.
“This move to a fully integrated and ground-up PACCAR design means we were able to design for enhanced serviceability,” explains Joe Adams, Kenworth’s chief engineer. “Providing easier access to the Master Service Disconnects for improved safety and increased uptime and allowing the use of the DAVIE service tool for troubleshooting and diagnostics.”
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Just like it says on the tin – retailers are advertising killer deals on the fun-to-drive Kia Niro EV, with one midwest auto dealer reporting more than $10,000 off the sticker price of the Niro EV Wind. That’s nearly 25% off the top line price!
The Kia Niro EV gets overshadowed by its objectively excellent EV6 and EV9 stablemates – both of which are currently available with substantial lease cash and 0% APR financing, in fact – but that doesn’t mean it’s not an excellent little electric runabout in its own right.
The last time I had a Niro EV tester, my kids loved it, I liked that it was quicker and more tossable than I expected it to be, and my wife liked the fact that “it doesn’t look electric. It looks normal.” And, with well over 200 miles of real world range (EPA-rated range is 253 miles), it was more than up to the task of commuting around Chicago and making the trip up to the Great Wolf Lodge in Gurnee and back without even needing to look for a charger.
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It’s not the primary family hauler I’d choose – but as a second car? As a primary car for a slightly smaller family (1-2 kids, instead of 3-4)? The Kia Niro EV Wind, with a $42,470 MSRP, seems like a solid, “can’t go wrong” sort of choice. You know?
You won’t even have to pay that much, though. Raymond Kia in Antioch, Illinois is advertising a $42,470 Niro EV for $32,431 (that’s $10,039, or about 24% off the MSRP), and several others are advertising prices in the $33,000 range.
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Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.
“All four Lion buses that we own are currently parked and not being used,” Coleen Souza, interim transportation director of Winthrop Public Schools, told Jay Traugott over at Clean Trucking. “Two of them are in need of repairs which would cost us money which we are not willing to invest in because the buses do not run for more than a month before needing more repairs.”
As bad as the revelations of safety and drivability issues and $250 million in unresolved debt have been, it’s the objectively stupid design choices that have been the most shocking.
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“Lion built an auxiliary diesel heater to heat the bus, essentially writing the manual as they went,” explained a school superintendent in the midwest, who asked not to be named. “It was fascinating to watch but there were design flaws with the heater. For example, the intakes pointed downward and we’re driving across rural roads and the intake sucks in that dirt.”
“Using a diesel-powered heater to warm an electric bus also somewhat defeats the purpose of going 100% zero-emissions,” added Traugott.
Despite a new electric school bus rebate and a fresh cash injection from Vincent Chiara, president of Quebec real estate powerhouse Groupe MACH, and Lion director Pierre Wilkie, however, it seems like no help is coming.
It just gets worse and worse
Decommissioned Lion electric buses; via Winthrop Public Schools.
The US school districts who spent tens of millions of taxpayer dollars in the hopes that Lion buses would help decarbonize their fleets and reduce students’ exposure to harmful diesel emissions? Many of them are back to using diesel, while others are trying to get their deposits back so they can buy something else.
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