New EV models drive October’s market share
- by cbtnews
- Oct 29, 2024
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General Motors (GM) sold over 15,000 Chevy Equinox EVs in Q3. According to
Cox Automotive
, the Honda Prologue was the fifth best-selling EV model in the U.S. last quarter, only slightly trailing behind Ford’s Mustang Mach-E, Tesla’s Cybertrucks, Model 3, and Model Y.
With the release of new EV models, these brands have seen a significant boost in revenue and have made a major impact on the overall EV market share. These incredible
results are expected to carry over into Q4 as the newest waves of EV models, such as the Polestar 3, Jeep Wagoneer S, and the Volkswagen ID.Buzz release later this year.
Incentives
and discounts continue to play a significant role in the sales boost as consumer receptiveness and enthusiasm grow.
The
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