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California continued to lead the nation in EV sales, with BEVs, PHEVs and FCEVs making up nearly 27% of new light-duty vehicle registrations in the third quarter of 2024. However, with a nearly 8 pp gain year-over-year, Colorado is narrowing in on California for the lead, after posting a 26% market share in Q3. California, Colorado, Washington, and the District of Columbia were all above 20% market share in Q3. There are currently ten additional states with new EV registrations above 10% but below 20%.
Year-over-year, for the third quarter of 2024, the market share of new EVs registered increased in three-quarters of the states. Seven states witnessed an increased market share of EVs by 2 pp or more. Making the largest increases were Colorado3 (7.6 pp), Washington (2.9), Hawaii (2.9 pp), and Vermont (2.7 pp). All but eight states saw market share growth in Q3 vs. Q2 – thirteen states saw a market share increase of one percentage point or more. Washington led all states, quarter over quarter, with an increase of 6.7 pp; Nevada decreased the most (-2.3 pp)
For the First Three-Quarters of 2024: Through the first three quarters of the year, EV sales represented 10 percent of the market – a 0.7 pp increase over the same period of 2023. More than 26 percent of sales in California were EVs, but Colorado realized the greatest increase in market share, year-over-year with a 7.0 pp increase. Following Colorado, the states with the largest market share gains were Hawaii (4.0 pp), Vermont (2.8 pp), Washington (2.3 pp) and Florida (2.0). Eleven states increased their year-over-year EV market share by 1 pp or more. Six states decreased. While some states continue to have strong EV sales, seven states had new EV registrations of less than 3 percent; three of those states were under 2 percent. All states had a market share above 1 percent for new EV sales. Year to date (through Q3), twelve states and the District of Columbia had an EV market share above 10 per- cent while three states had an EV market share under 2 percent; California, Colorado, and Washington were the only states above 20 percent
