While 2021 Car Sales Fell, EV Sales Skyrocketed
【Summary】2021 was a tough year for automotive sales in the U.S., but the fourth quarter of 2021 saw a dramatic increase in the number of electric vehicles sold.
Because of the COVID-19 pandemic and the chip shortage, automakers had a lackluster year for car sales. According to Kelley Blue Book, American's bought 21.3 percent fewer vehicles in the fourth quarter of 2021 than they did in the fort quarter of 2020. That's a large decrease that certainly hurt automakers. While most of the news is bad, there's one piece of good news that should excite some automakers. In the fourth quarter of 2021, American shoppers bought 72 percent more electric vehicles.
EVs Becoming More Popular
In the U.S., electric vehicles account for a tiny portion of all vehicles on the road. Currently, electric cars make up roughly 3 percent of all cars on the road. And on the sales front, electric vehicles account for just 4.5 percent of total sales in the last quarter of 2021. But things are starting to look up for electric vehicles, which finally gained some traction.
As Kelley Blue Book's data revealed, the Tesla Model Y proved to be the most popular option on sale, as Tesla sold 63,386 units of the SUV in the fourth quarter. In fact, Tesla dominated the electric car scene. The American automaker accounted for 72 percent of all the electric cars sold in the fourth quarter of 2021. Tesla even outsold traditional luxury brands like BMW, Mercedes-Benz, Lexus, and Audi in America.
Another major highlight that occurred in 2021 was the introduction of electric pickup trucks. The Rivian R1T was the first pickup to be delivered, while the GMC Hummer EV followed shortly after.
Hybrids Are The Most Popular Choice
While EVs had a good fourth quarter, hybrids are still the preferred electrified vehicle for American shoppers. In 2021, Kelly Blue Book claims that hybrid sales increased 84 percent year over year. Toyota's hybrids proved to be the most popular, as Toyota and Lexus' vehicles accounted for more than half o the roughly 1 million hybrids sold in the U.S. The RAV4 Hybrid was the most popular hybrid, as Toyota sold more than 46,000 units of the SUV in the fourth quarter.
Despite the drawbacks to electric vehicles — a relatively high starting price compared to gas-powered cars, a small amount of range, and the lack of chargers — it's clear that EVs continue to grow in popularity. It will be interesting to see how the chip shortage affects car sales in the U.S. in 2022, but we expect electric cars to account for more sales this year.
-
2023 Jeep Grand Cherokee Trailhawk Now PHEV Only
-
Acura Prevision EV Concept Previews Brand’s Electric Future
-
Hyundai Gets Serious About Electric Performance Cars, Shows off Two Concepts
-
Ford Looks to Have 100% of EV Sales Be Online
-
Volkswagen CEO Believes It Will Overtake Tesla in EV Sales by 2025
-
Report Claims Nissan Leaf Will Be Discontinued by 2025
-
Autonomous Vehicles Will Require Cities to Change Their Transportation Methods
-
Rivian, Mercedes-Benz Partner to Produce Electric Commercial Vans
- Apple Reveals the Next-Gen Version of CarPlay, Which Takes Over a Vehicle’s Entire Dashboard and Screens
- Rivian, Mercedes-Benz Partner to Produce Electric Commercial Vans
- The World’s First Level-4 Automated Parking Feature Developed by Mercedes-Benz and Bosch is Approved for Commercial Use
- Rivian Discontinues Base Model for R1S, R1T
- Volvo’s Electric Vehicle Brand Polestar Reports $1 Billion in Revenue in the First Half of 2022, Adds 6 New Global Markets
- Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources
- Stellantis Acquires Autonomous Driving Software Startup aiMotive
- Acura Prevision EV Concept Previews Brand’s Electric Future
- China’s Tesla Rival XPeng Unveils its New ‘S4’ 480kW Electric Vehicle Supercharger That Can Add 125 Miles of Range in Just 5 Minutes
- BorgWarner to Supply its Integrated Drive Module to Hyundai for a New EV That Will Enter Production in 2024