Electric vehicle and hybrid sales topped 16 percent of U.S. light-duty vehicle sales in 2023

Published on February 02, 2024 by Chris Galford

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The combined United States sales of hybrid vehicles, plug-in hybrids and battery electric vehicles (BEVs) all proved one thing in 2023: the electric vehicle market share is growing.

Those sales reached 16.3 percent last year, according to data from Wards Intelligence. That’s up from 12.9 percent of total sales the year previous. Increased BEV options and decreasing prices helped boost those numbers last year, along with the increasing size options for hybrids. Notably, these sales increased in spite of a semiconductor chip shortage that stalked the country for most of the year.

A decade ago, in 2014, all of these options combined made up less than 10 percent of the market.

The United States Energy Information Administration (EIA) found that 20 new BEV models became available during 2023, pushing options up to 70 different models. With that, overall unique LDV models reached 459. One shifting trend though was that more hybrid crossover options were offered while fewer car options reached the market.