While EV production and sales gain first-half steam, EV market share could sputter as the overall auto market surges.
Even if the US reaches the golden 1 million number for EVs sold this year, electric-vehicle market share may not change much, as auto sales have surged for most mainstream automakers.
GM came in second in the first-half EV sales race with more than 36,000 delivered, bolstered heavily by the soon-departing BoltHyundai/Kia placed third, followed by Ford, then fifth-place Rivian, which has sold 20,586 EVs this year. Kia posted its best-ever first half, up 18.3% to 394,333, while Subaru sales climbed 15.3% to 304,092.were sold in the US in the first half of this year.
General Motors remains the number-two EV automaker in the US, with 36,024 sold in the first half, up 469% over the first half of ‘22. TheBooming Auto Sales May Help Avoid a Recession Despite the Chevy Bolt’s lame-duck status—it ends production by the end of this year—GM does not plan to give up EV market share. GM has committed to building 70,000 Bolts total for the year, while it adds the Chevrolet Blazer EV, Equinox EV, and Silverado RST First Edition pickup EV. GM already has begun production on the Silverado EV Work Truck, and first deliveries to commercial customers with reservations will begin “soon.
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