Monthly Archive: December 2023

EVs are more than one-third of the US luxury vehicle market

2024 Hyundai Ioniq 5U.S. sales of EVs and hybrids are both soaring, but there’s a key difference that distinguishes EVs: By and large, the ones that are selling well remain priced as luxury goods. That’s one of the takeaways from an electrified vehicle sales update, released Monday by the U.S. Energy Information Administration (EIA). Harnessing data from...