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Sales of hybrid and electric vehicles rose to a record high in the third quarter of this year, according to new data from the U.S. Energy Information Administration.

What’s going on: “Combined sales of hybrid vehicles, plug-in hybrid electric vehicles and battery electric vehicles increased from 19.1% of total new light-duty vehicle sales in the United States in 2Q24 to 21.2% in 3Q24, according to estimates from Wards Intelligence.”

• BEV and hybrid vehicle sales accounted for most of the increase. The former grew to 8.9% of the U.S. LDV market in the third quarter of 2024, from 7.4% the previous quarter.
• Hybrid sales also rose, with hybrid vehicles accounting for a record 10.6% of the U.S. LDV market in the latest reading.

Where they’re being made: “EV manufacturers are producing vehicles both domestically and globally. According to estimates from Wards Intelligence, 78.9% of total BEVs sold in the United States in 3Q24 were produced in North America, 7.3% were produced in South Korea, and 5.3% were produced in Germany.”