Interestingly, the popular Hyundai Ioniq 5 was surprisingly pushed out of the top 5 list by Honda Prologue
Tesla continues to dominate the EV sales charts as 3 out of the top 5 highest-selling EVs in Q3 in the U.S. were from Tesla. The statistics we are discussing today come to us courtesy of Cox Automotive. These reveal a positive picture for the industry overall. In total, 346,309 EVs were sold in Q3 this year in comparison to 311,853 units in the same time last year. This marks a decent 11% increase. Driving these sales were some usual, as well as unusual suspects. Let us delve into the specifics of this report.
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Top 5 Highest-Selling EVs
This list has seen a major overhaul in the lower part of the table. The Tesla Model Y, as anticipated, maintained its pole position albeit with a decline of 9.1% in sales Y-o-Y. In Q3 2024, the EV giant sold 86,801 units of the electric SUV, while this number was 95,539 in Q3 2023. Thankfully, the Model 3 showed a 9.7% uptick in the Q3 2024 sales with 58,423 units in comparison to 53,521 units in Q3 2023. Making its grand entry on this desirable list is the futuristic Cybertruck with 16,692 units. This rounds up the Tesla domination on the top.
However, things start getting interesting hereafter. Taking the 4th spot is the Ford Mustang Mach-E with 13,392 units this time around. Unfortunately, these numbers were down 9.8% in contrast to 14,842 units last year. Yet another debutant on this list is the Honda Prologue. The Japanese electric SUV managed to find 12,644 homes in Q3 2024. This means that the Hyundai Ioniq 5 had to move to the 6th spot with 11,590 units this Q3 compared to an almost similar 11,665 units last Q3.
Chevy took the next two spots with the new Equinox EV and Blazer EV with 9,772 units and 7,998 units sold, respectively. Both these commenced sales only recently which is why the data for the last quarter reads 18 and 19 units, respectively. Rounding up the list is the Rivian R1S with a significantly lower 7,245 units as opposed to 9,183 units last year. This marked a whopping 21.1% drop. Therefore, apart from the Model 3 and the debutants, all existing models from last year saw a significant decrease in sales.
| Model | Q3 2024 | Q3 2023 | YoY % Change |
| Tesla Model Y | 86,801 | 95,539 | -9.1 |
| Tesla Model 3 | 58,423 | 53,521 | 9.7 |
| Tesla Cybertruck | 16,692 | – | – |
| Ford Mustang Mach-E | 13,392 | 14,842 | -9.8 |
| Honda Prologue | 12,644 | – | – |
| Hyundai Ioniq 5 | 11,590 | 11,665 | -0.6 |
| Chevy Equinox EV | 9,772 | 18 | – |
| Chevy Blazer EV | 7,998 | 19 | – |
| Rivian R1S | 7,245 | 9,183 | -21.1 |
| Total (estimated) | 346,309 | 311,853 | 11% |
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Learn Electric Cars Says
EV growth has been sporadic in the last few months, to say the least. With car companies introducing new models, the tariff situation intensifying and companies reeling back their ambitious end-of-decade targets, it is unclear where the industry is headed. Despite the overall increase in EV sales in contrast to the same time period last year, experts say that this growth is still less than anticipated. Many legacy carmakers and new players are prepping affordable EVs. They feel that is the long-term game to address and involve the masses. Let us see how things pan out in times to come.