US EV sales will continue to grow in the year ahead, accounting for 1 in 4 vehicles sold in 2025, according to Cox Automotive’s 2025 Outlook.
Cox Automotive is kicking off 2025 with a bright outlook for the auto market. After wrapping up 2024 on a high note, the US auto industry seems to be on a solid path forward, despite some uncertainties. In fact, Cox is predicting that it’s going to be the best year for the auto market since before the pandemic, in 2019.
With the exception of Stellantis and Tesla, nearly every automaker posted higher sales year-over-year overall in 2024. General Motors was the top-selling automaker in 2024, while Honda and Mazda delivered strong growth.
The US market posted record EV sales in 2023 and 2024, and this trend is expected to continue in 2025. Cox Automotive predicts that EVs will account for approximately 10% of the market total in the year ahead, up from roughly 7.5% in 2024.
Hybrids and plug-ins will account for about 15% of the market, and sales of ICE vehicles will tumble to 75% of total volume, the lowest level on record.
EV growth will be supported by around 15 additional EV models entering the market, consumers deciding to buy before the Trump administration cuts the $7,500 tax credit, and state-level incentives countering potential federal cuts. The rapid expansion of the EV charging network is also contributing to this growth.
Cox asserts that “consumers are feeling better about the road ahead, as the US election was smoothly settled, interest rates are below their peaks, and the job market has stabilized.”
Read more: ‘EVs right now are the best deals in the market’ – Kelley Blue Book
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links. More.
