DETROIT – Tesla And General Motors At the head of the American automotive industry this year in record internal sales of all electric vehicles, while consumers rushed to buy electric vehicles before $ 7,500 in federal incentives for each purchase finished in September.
New data provided to CNBC from Motor Intelligence show that American sales of electric vehicles, excluding hybrids, exceeded 1 million units in the first nine months of the year and have set a new quarterly record of more than 438,000 units sold during the third quarter – carrying out a share of 10.5% for the period.
This record market share increased by 7.4% in the second quarter and 7.6% in the first three months of the year, according to Motor Intelligence. Sales of all electric models were estimated at 1.3 million in 2024, with a market share of around 8%.
US EV’s American industry leader Tesla, who does not declare sales by region, has retained its leadership position with a market share of 43.1% until September, according to data. It is down 49% to end last year, while competitors continue to publish new electric vehicles.
Automobile actions
GM, which offers the most EV models in the United States, has produced major gains this year. Motor Intelligence said that the Detroit car manufacturer went on a market share of 8.7% to start this year at 13.8% until the third quarter – at the top of Hyundai Motor, including Kia, at 8.6% until September.
Sales data come two days after GM estimated that it is leading American industry in the growth of electric vehicle market shares so far in 2025, with the lowest incentives of any major car manufacturer. It sold 144,668 electric vehicles until September, which still represented only 6.8% of its total American sales.
“No one is in a stronger position for an American market than GM,” said Duncan Alloud, president of GM in North America, in a press release. “We have the best range of ice [internal combustion engine] And the EV vehicles we have ever had. Our brands have increased the market share with constantly solid prices, incentives and low inventories. “”
After Tesla, GM and Hyundai, motor intelligence data show Ford Motor EV market share was 6.6% in the third quarter, followed by Volkswagen at 5.4%; Honda Motor at 4.6%; and BMW at 3.6%.
A first edition Tesla Cybertruck and GMC Sierra Denali EV the first edition.
Michael Wayland | CNBC
Despite the increase in sales every quarter of this year, EV startups Rivian Automotive And Lucid group Continue to have a relatively small EV market share. Lucid remains less than 1%, while Rivian was 3% until September.
The main car manufacturers announced this week the third quarter results that were led by EV Sales. The rush to the purchase of electric cars was before federal incentives for these vehicles ending following the “Big Beau Bill Act” of the Trump administration.
Analysts and industry leaders believe that the end of incentives will create a cycle of boom and boust for the sale of EV in the United States
Ford CEO Jim Farley said on Tuesday that it “would not be surprised” if sales of electric vehicles had dropped on the one hand industry market from around 10% to 12% in September at 5% after the end of the incentive program.
The end of the EV credits for the United States comes as the country continues to follow other car manufacturers in the adoption of zero emission vehicles. The International Energy Agency reports that China continued to lead the EV to the global scale last year, with sales of 6.4 million electric vehicles, not to mention hybrids, followed by Europe at 2.2 million units.
– CNBC Phil Lebeau contributed to this report.