Click to enlarge.
During Q3 of 2024, automakers sold 408,688 electric vehicles (EVs include battery, plug-in hybrid, and fuel cell electric vehicles) in the United States, meaning 10.6% of overall light-duty vehicle sales. This represents a 0.6 percentage point (pp) market share increase compared to the second quarter of 2024 amounting to an increase of ~22,000 vehicle sales. Simply put this makes EV Sales volume in Q3 the highest on record according to data released today by the Alliance for Automotive Innovation, a trade and lobbying group for automakers. (read AutoInformed.com on: EV Market Stays as Customer Satisfaction Leader)
“Year-over-year (YoY), EV market share increased 0.47 pp from the third quarter of 2024. The total volume of all light-duty sales in Q3 2024 was 3% higher than Q3 2023, while the volume for EVs increased 8 % (~31,000 vehicles). For comparison, internal combustion engine (ICE) vehicle market share decreased by 3.8 pp during Q3 2024 compared to the same period last year. Continue reading
First Look – 2026 Model Cadillac LYRIQ-V
Click for more.
Cadillac is adding a significant model to its high-performance V-Series family with the 2026 model LYRIQ-V – the first all-electric V-Series vehicle. Cadillac estimates it has 615 horsepower and 650 lb.-ft. (880 Nm) of torque, which deliver a Cadillac-estimated 0-60 time of 3.3 seconds with Velocity Max. [footnote 1] This makes it the quickest Cadillac ever starting at $79,990. [10] The timing is unfortunate given Trump’s emerging trade and economic policies that likely will negatively affect Lyric’s prospects in the U.S., Canada and globally. LYRIQ-V will also be sold in the Australia, New Zealand, as well as other markets to be announced in both left-hand-drive and right-hand-drive. Production starts early 2025 at General Motors’ Spring Hill Manufacturing plant in Tennessee. [3]
“V-Series captures the spirit of Cadillac, embodying our relentless pursuit of engineering excellence through our racing and production vehicles,” said John Roth, vice president, Global Cadillac. “LYRIQ-V takes this commitment a step further in the EV era, pushing our performance pedigree of V-Series to new heights with a powerful, personalized and high-tech driving experience that fits perfectly into our customers’ lives.” Continue reading →