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Page 1: Electric Vehicle Sales: Facts & Figures July 2018 · Edison Electric Institute 701 Pennsylvania Avenue, NW Washington, DC 20004-2696 202-508-5000 | July 2018 0 20,000 40,000 60,000

E E I | E L E C T R I C V E H I C L E S A L E S : F A C T S & F I G U R E S

1

C U S T O M E R S O L U T I O N SElectric Transportation

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

20182017201620152014201320122011

Num

ber o

f EV

s on

the

Roa

d in

the

U.S

.

Source: InsideEVs.com and HybridCars.com

A B O U T

890,000 E V s

are on the road in the U.S.

T O T A L E V S A L E S for 2018 are up

40% compared

to 2017

Q2 2018 was theB E S T S A L E S

Q U A R T E R E V E R with more than

69,000 E V s S O L D

Electric Vehicle Sales: Facts & Figures July 2018

E L E C T R I C V E H I C L E S O N T H E R O A D

Page 2: Electric Vehicle Sales: Facts & Figures July 2018 · Edison Electric Institute 701 Pennsylvania Avenue, NW Washington, DC 20004-2696 202-508-5000 | July 2018 0 20,000 40,000 60,000

2 | E E I | E L E C T R I C V E H I C L E S A L E S : F A C T S & F I G U R E S

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

20182017201620152014201320122011

Ave

rage

Ret

ail G

asol

ine

Pric

e ($

/gal

)

Gasoline Electricity (equivalent)

Source: U.S. Energy Information Administration

K E Y F A C T S

¡ The average price to charge an EV is about $1.20 per gallon on an equivalent basis.

¡ EV sales continue to grow despite relatively low gaso-line prices since 2015.

U.S. AVERAGE GASOLINE PRICE VS. EQUIVALENT ELECTRICIT Y PRICE

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Q4Q3Q2Q1

Num

ber o

f EV

s So

ld b

y Q

uart

er

2011 2012 2013 2014 2015 2016 2017 2018

Source: InsideEVs.com and HybridCars.com

K E Y F A C T S

¡ More than 69,000 EVs were sold in Q2 2018.

¡ Q2 2018 sales increased 26% over Q1 and 48% compared to Q2 2017.

¡ Overall for the year, EV sales are up 40% in 2018 compared to 2017.

Q U A R T E R LY E V S A L E S I N T H E U . S .

Note: Electricity equivalent calculated using the U.S. Department of Energy eGallon methodology, which assumes average EV efficiency of 32.6 kWh/100 miles and average gasoline car efficiency of 27.9 mpg.

Page 3: Electric Vehicle Sales: Facts & Figures July 2018 · Edison Electric Institute 701 Pennsylvania Avenue, NW Washington, DC 20004-2696 202-508-5000 | July 2018 0 20,000 40,000 60,000

E L E C T R I C V E H I C L E S A L E S : F A C T S & F I G U R E S | E E I | 3

0 50,000 100,000 150,000 200,000 250,000

Volvo

Honda

Daimler

Hyundai-Kia

VW

FCA

BMW

Toyota

Ford

Nissan

GM

Tesla

Cumulative Number of EVs Sold

204,272

125,649

82,448

108,660

70,158

29,862

17,192

15,797

33,674

11,374

6,806

183,992

Fede

ral T

ax C

redi

t Cap

Source: InsideEVs.com and HybridCars.com

K E Y F A C T S

¡ It is estimated that Tesla sales have now surpassed the 200,000 cap for the $7,500 federal EV tax credit.

¡ According to Tesla's reported phase-out schedule, Tesla vehicles qualify for 50% of the credit starting in January 2019, then 25% of the credit in July 2019, before fully expiring in January 2020.

T O TA L E V S A L E S B Y A U T O M A K E R

E V S H A R E O F S A L E S B Y A U T O M A K E R

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0%

Ford

Fiat-Chrysler

Hyundai-Kia

Honda

Nissan

General Motors

Volkswagen

Toyota

Daimler

Volvo

BMW 6.8%

4.3%

1.4%

1.2%

1.2%

1.1%

1.0%

0.9%

0.7%

0.4%

EV Share of All New Cars Sold, First-Half 2018

0.4%

Source: InsideEVs.com, HybridCars.com, and GoodCarBadCar.net

K E Y F A C T S

¡ BMW and Volvo stand out with a much higher share of EV sales than other auto-makers (excluding Tesla).

¡ BMW, Daimler, and Volk-swagen have announced EV sales targets in the range of 15-25% by 2025.

¡ Volvo has announced that it will only sell hybrids or EVs by 2019.

Note: Chart does not include Tesla (100% EV share) and does not include Jaguar Land Rover, Mazda, and Subaru (0% EV share).

Page 4: Electric Vehicle Sales: Facts & Figures July 2018 · Edison Electric Institute 701 Pennsylvania Avenue, NW Washington, DC 20004-2696 202-508-5000 | July 2018 0 20,000 40,000 60,000

Edison Electric Institute701 Pennsylvania Avenue, NWWashington, DC 20004-2696202-508-5000 | www.eei.org July 2018

0 20,000 40,000 60,000 80,000 100,000 120,000 140,000

Other

Japan

U.S.

Europe

China

Q1 2018Q1 2017

132,00062,000

93,00067,000

55,00042,000

18,00014,000

14,00012,000

Number of EVs Sold

Source: EV-Volumes.com

K E Y F A C T S

¡ Global EV sales totalled about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017.

¡ U.S. EV sales made up about 18% of global EV sales in Q1 2018.

¡ U.S. EV sales in Q1 2018 grew by about 32% over Q1 2017, lagging behind growth in Europe of 39% and growth in China of 113%.

G L O B A L E V S A L E S Q 1 2 0 1 8 V S . Q 1 2 0 1 7

Questions or comments? Contact Kellen Schefter at [email protected]


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