Sales of Light-Duty Electric Vehicles and Hybrids Increase
In the fourth quarter of 2021, hybrid, plug-in hybrid and electric vehicles collectively accounted for 11 percent of light-duty vehicle sales in the United States, according to data from Wards Intelligence.
By Mindy Long
The Department of Energy's Energy Information Administration reported that hybrid, plug-in hybrid, and electric vehicle sales in the United States have increased in recent months as sales of non-hybrid internal combustion engine (ICE) vehicles fueled by gasoline or diesel decreased. In the fourth quarter of 2021, hybrid, plug-in hybrid and electric vehicles collectively accounted for 11 percent of light-duty vehicle sales in the United States, according to data from Wards Intelligence.
"It is the hockey stick curve right now," said Dedrick Roper, director of public private partnerships for ChargePoint. "There are so many records being broken for EV sales. OEMs are investing billions in the U.S. to produce these vehicles."
Bloomberg NEF estimates EVs will make up 10 percent of all vehicles sold by 2025 and increase to more than 29 percent by 2030.
EIA reported that sales of several existing hybrid, plug-in hybrid, and electric models increased in 2021, but a large portion of the sales increase came from new manufacturer offerings across different market segments. Manufacturers increased the number of non- hybrid ICE vehicle models by 49 in 2021, versus an increase of 126 for hybrid and electric vehicle models.
These additional hybrid or electric models were mostly either crossover vehicles, which combine attributes of passenger cars and sport utility vehicles, or vehicles such as vans and pickups, which previously didn't have many hybrid or electric vehicle options, EIA reported. Manufacturers of hybrid vehicles and plug-in vehicles have expanded into market segments such as crossovers, vans and pickups. Within each electric or hybrid powertrain type, crossover vehicles now account for most sales.
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