U.S. electric vehicle sales jumped 13% in Q2, according to Cox Automotive data

Electric vehicle sales increased 13% in the second quarter of 2022 and reached a record-high share of the market in Q2 of 5.6%, according to Cox Automotive. With gas prices briefly exceeding $5 per gallon in Q2, interest in hybrid and electric vehicles soared. However, interest does not necessarily correlate to sales.

Hybrid and plug-in hybrid vehicle sales decreased 10.2% in the second quarter compared to the same period last year due to low inventory. Nevertheless, hybrid sales increased by 245,204 from Q1 levels.

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