13 Jun '18, 10pm

US car sales for #ElectricVehicles 2018 May: 0.82% for BEVs, Tesla 3 sales take off

US car sales for #ElectricVehicles 2018 May: 0.82% for BEVs, Tesla 3 sales take off

Sales for full electric vehicles were up from May of last year based upon sales of the Model 3. Tesla sales are, of course, up from a year ago, but are being carefully controlled in May and June to ensure that company sales to date do not exceed 200,000 until July. This delay will enable buyers to benefit from the full amount of federal tax incentives for an additional three months based upon the details of the law. Inventories of the Model 3 are being built up, and some are being sold in Canada in order to delay U.S. sales. Production of the Model 3 remains somewhat irregular, although the installation of new equipment at both the Gigafactory and Fremont should improve production rates in coming months. Note that sales of the Model S and X are also being delayed, so the third quarter should be exceptionally strong for all Tesla products.

Full article: http://www.hybridcars.com/may-2018-sales-dashboard/

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