ONIQ 5 sales were up 51%
Many automakers are reporting Q2 U.S. sales and deliveries this week. According to the website Heatmap here are some of the numbers.
Tesla
Deliveries: 443,956 EVs, “a smaller-than-expected 5% drop,” but the brand is still losing its dominance.
General Motors
Deliveries: 21,930 EVs, up 40% compared to Q2 last year, and up 34% compared to Q1. EV registrations are up 17% YTD, “outpacing the industry average of 10%.” Sales of its LYRIQ EV were up 26% on Q1.
Rivian
Deliveries: 13,790 EVs, in line with expectations. The company still expects to produce 57,000 vehicles this year.
Toyota (and Lexus)
Sales: 247,347 “electrified vehicles” (including hybrids). EV sales for the entire first half of the year were up 68% and accounted for 38% of total sales volume, “an all-time best-ever.”
Kia
Sales: 17,980 BEVs, up 131% year-over-year. In June, overall U.S. sales for the brand were down 6.5% YOY, but EV sales specifically were up 125%, according to calculations from Inside EVs.
Hyundai
Sales: 38,657 fully-electric vehicles (plus 26 hydrogen fuel cell SUVs, fwiw) in the U.S., up 15% compared to Q2 2023. ONIQ 5 sales were up 51%. KONA SUV sales were up 26%. Hybrid sales are up 42% for the quarter.
The sales figures, while encouraging, don’t necessarily suggest EV growth will accelerate, analysts told Reuters. “We’re expecting this period of time to have bumps along the way for the next few years as the transition goes from early adopters to mainstream buyers and we’re going to see this happen for a long time,” said Sam Fiorani, vice president at research firm AutoForecast Solutions. “Some quarters will be up, some quarters will be down, but all in all, it won’t be as strong a growth as we saw over the last few years.