Stalled EV and PHEV Sales

The sale of EVs and PHEVs have stalled.

Sales during the 3rd quarter of both PHEVs and EVs were down from the 3rd quarter of last year. (See near bottom of table.)

US Sales of Electric Vehicles, Including HEVs 2015

Month

Hybrid (HEVs)

PHEVs

Battery (BEVs)

Totals

Total PHEV & EV

January

25,312

2,113

3,977

31,402

6,090

February

27,038

2,589

4,435

34,062

7,024

March

33,655

3,020

5,715

42,390

8,735

Total 1Q 2015

86,005

7,722

14,127

107,854

21,849

Total 1Q 2014

101,436

11,249

10,873

123,558

22,122

% YOY 1Q change

(15.21%)

(31.35%)

29.93%

(12.71%)

(1.23%)

——-

——-

——-

——-

——-

——-

April

31,694

3,646

6,037

41,377

9,683

May

40,257

4,416

7,057

51,730

11,473

June

32,330

3,409

6,975

42,714

10,384

Total 2Q 2015

104,281

11,471

20,069

135,821

31,540

Total 2Q 2014

130,882

17,880

14,971

163,733

32,851

% YOY 2Q change

(20.32%)

(35.84%)

34.05%

(17.05%)

(3.99%)

——-

——-

——-

——-

——-

——-

July

35,666

3,836

5,143

44,645

8,979

August

37,633

3,786

5,224

46,643

9,010

September

32,106

3,038

6,704

41,848

9,742

Total 3Q 2015

105,405

10,660

17,071

133,136

27,731

Total 3Q 2014

124,081

15,017

18,159

157,257

33,176

% YOY 3Q change

(15.05%)

(29.01%)

(5.99%)

(15.34%)

(16.41%)

——-

——-

——-

——-

——-

——-

TOTAL 9 MOS 2015

295,691

29,853

51,267

81,120

TOTAL 9 MOS 2014

356,399

44,146

44,003

88,149

% 9 Mos YOY change 

(17.03%)

(32.38%)

16.51%

(7.97%)

Source of data: Electric Drive Transportation Association

For the first nine months of 2015, sales of PHEVs were down a significant 32% from 2014, while EV sales increased by 16.5%.

PHEV sales have been down every quarter, year over year (YOY).

Even the sale of hybrids, such as the Prius, were down YOY, and also in every quarter.

Overall, total PHEV and EV sales represented less than one percent, or 0.6%, of total US automobile sales, essentially the same as last year.

These numbers would indicate that the average American would prefer larger vehicles and are not enamored with hybrids just for the sake of cutting CO2 emissions.

The lack of EV sales would seem to indicate that the average American, while intrigued by the glitzy Tesla, are not willing to pay a significant premium for an electric vehicle.

In essence, EVs remain toys for the rich and famous.

Tesla
Tesla Sedan

It remains to be seen whether Tesla’s Model X will make a difference.

Tesla was supposed to introduce a lower cost EV, with a selling rice of around $35,000 this year, but appears to have delayed its introduction until 2017.

It’s still very much a question whether Tesla, or any other manufacturer, can produce an EV for under $35,000 that will appeal to the average driver.

Both GM, with the Bolt, and Tesla with its model 3, indicate they have plans to begin selling EVs at around $35,000, but it’s not clear when.

Thus far, a great deal of taxpayer money has been spent on subsidies for EVs and PHEVs.

Thus far, the ordinary taxpayer hasn’t reaped any benefits.

Subsidies for PHEVs and EVs aren’t working, and are only benefitting the rich and a small number of environmental activists.

* * * * * *

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