Current table below includes sales data from the
InsideEVs Monthly Plug-in Sales Scorecard – through November 2018
2010 - Nov. 2018**
|Fiat Chrysler Automotive (FCA)||37,349||162,651||2025|
|Ford Motor Company||111,715||88,285||2022|
|General Motors ****||203,960||-3,960||2018 Q4|
|Tesla ***||320,073||-120,073||2018 Q3|
|Toyota Motor Corporation||93,011||106,989||2021|
Notes: *As defined by IRS. BMW includes Mini, FCA includes Chrysler, Mercedes-Benz includes smart | **EV Sales beginning Jan 1, 2010 through November 2018 | Auto sales data: InsideEVs Monthly Plug-in Sales Scorecard; Wikipedia | *** Tesla does not break out sales by geographic market, so these numbers are estimates from InsideEVs | **** GM no longer reports sales data on a monthly basis, but just quarterly – GM numbers are also estimated by InsideEVs | Research & Chart: Loren McDonald / EVAdoption.com
Consumers, analysts, electric vehicle advocates, lawmakers and others are all curious about what will happen to the growth in EV sales when the US Federal EV tax credit begins to phaseout for some automakers. We won’t know of course until the credit phase out actually begins for some manufacturers. Tesla reached the milestone in July 2018 and General Motors reached it in December 2018.
Our view at EVAdoption is that the credit phase out will have only a minor impact on the Tesla Model 3, but could hurt sales of GM’s Chevrolet Bolt pretty significantly, especially with direct competitors (Hyundai Kona, Kia Niro BEVs) coming to market in 2019. However, beyond GM and Tesla, no other automaker is likely to reach the 200,000 unit sales threshold until around 2021-2022 at the earliest.
EVAdoption will update our Federal EV tax credit phase-out tracker every few months, so check back on a regular basis.
Additional Articles and Resources on the Tax Credits:
- Federal EV Tax Credit Phase Out Tracker By Automaker
- Huge Flaws in Federal EV Tax Credit Will Hurt US Automakers Beginning in 2020
- Edmunds: “Elimination of federal tax credits likely to kill U.S. EV market” (wrong)
How The Federal Electric Vehicle (EV) Tax Credit Works
- Edmunds – Electric Vehicle Tax Credits: What You Need to Know
- Federal and State Laws and Incentives
- IRS Form 8936 (Form required to file with your tax return)
- IRS: IRC 30D – Plug-In Electric Drive Motor Vehicle Credit Quarterly Sales