Electric vehicle sales hit new record in Q2

The number of battery-electric vehicles sold in the U.S. set a new record in the second quarter of this year, according to data released Wednesday by Cox Automotive, a global company that owns Autotrader and Kelley Blue Book among other brands. Sales rose more than 66% over the same period last year to 196,788 vehicles. For the first half of 2022, buyers snapped up 370,726 EVs.

The market share for pure electric vehicles reached 5.6% in the second quarter, more than double the 2.7% they accounted for in the second quarter of 2021.

The data also showed a shift toward pure battery-electric vehicles, as sales of hybrid, plug-in hybrid and fuel cell vehicles all dwindled…

But a report released this week by the Zero Emission Transportation Association found that gas-powered vehicles are three to five times more expensive to drive per mile than EVs, exacerbated by the sudden rise in gas prices.