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hubie [soylentnews.org] writes:

EV Sales, Including Hybrids, Surge for Auto Giants Not Named Tesla [investors.com]:

General Motors and Ford Motor on Friday reported robust U.S. auto sales and electric-vehicle sales for the final quarter of 2024. GM more than doubled EV sales for the full year, while Tesla suffered a sales decline. GM stock edged higher on Friday, while Ford stock popped and Tesla jumped.

Toyota Motor posted declining U.S. new vehicle sales, but marked an EV sales milestone, including hybrid vehicles. Hyundai, which trades over the counter, and Honda Motor saw robust hybrid and EV sales, spearheading their overall sales growth.

GM, Ford report best annual U.S. sales since 2019 as auto recovery continues [cnbc.com]:

Sales of new vehicles in the U.S. continued to rise last year, rebounding from historical lows caused by the coronavirus pandemic and supply chain shortages during the past four years.

American legacy automakers General Motors and Ford Motor on Friday both reported their best annual U.S. new vehicle sales since 2019, led by growth of electrified vehicles such as all-electric and hybrid models.

Those results are in line with industrywide expectations for automakers. Market research firms expected U.S. automakers to report total sales of nearly 16 million vehicles in 2024, which would mark the industry's best year since selling roughly 17 million units in 2019.

[...] GM said sales were driven by increases in all four of its U.S. brands as well as a roughly 50% rise in sales of electric vehicles to more than 114,400 units.

Despite the notable jump in EV sales, the vehicles only made up 4.2% of the automaker's overall sales. GM estimated it achieved a 12% EV market share in the U.S. during the fourth quarter.

It was a similar trend at Ford, which reported a notable increase in sales of its "electrified" vehicles, including EVs and hybrids.

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