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Electrical automobile gross sales have grown fairly persistently for the previous few years. Although, there’s been a robust narrative on the contrary currently. Whereas we’ve tracked US EV gross sales for years right here on CleanTechnica and produce varied quarterly experiences on the subject, we’ve not produced experiences on developments in EV market share — till now.

Going again to 2019 to have a look at pure battery electrical automobile market on an annual foundation, we get a long term view on this, after which I additionally return on a quarterly foundation to This autumn 2021.

As we are able to see, annual development in EV market share has been very robust for the previous three years. In truth, from 2022 to 2023, market share grew by 1.7 proportion factors, versus 0.3 proportion factors from 2019 to 2020 or 1.3 proportion factors from 2020 to 2021. It’s true that the expansion was not as robust because it was from 2021 to 2022 (2.5 proportion factors of development 12 months over 12 months), but it surely’s nonetheless a fast stand up the chart.

How about if we zoom in a bit and take a look at quarterly gross sales?

The large jumps are from Q2 2022 (4.8% market share) to Q3 2022 (6% market share) and from Q2 2023 (6.7% market share) to Q3 2023 (7.5% market share). You would say the expansion slowed within the 4th quarter of 2023, however taking a look at it from this view, you possibly can see there was an uncommon dip from Q1 2023 (6.9%) to Q2 2023 (6.7%). If EV market share had grown as anticipated in that interval, it could be round 7.2% in Q2 2023, after which the rise as much as 7.5% in Q3 2023 and seven.8% in This autumn 2023 would look extra pure.

In any case, taking a look at these charts, development within the US electrical automobile market appears to be like good and wholesome. It’s one more instance of how the hype of a falling or failing EV market just isn’t actually based mostly a lot on actuality. And Q1 2024 is meant to look even higher.

What are your ideas on these numbers, charts, and developments?