US EV Sales Down 11% for July, Up 14% YTD

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US electric vehicle sales continue to be driven primarily by the Tesla Model 3. Sales for July actually declined 10.8% in 2019 versus July 2018. Sales estimates from the InsideEVs Sales Scorecard for July were 26,395 in 2019, a decline of 3,203 units from 29,598 in 2018.

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On the positive side, however, YTD, sales were up 13.8% driven by increasing sales of the Tesla Model 3. So far in 2019, monthly YOY sales have been on quite a rollercoaster ride, ranging from a June high 51.1% increase over June of 2018, to July’s decrease of 10.8%.

This up and down sales growth should likely fall into a tighter range the rest of 2019 as Model 3 sales will likely track more closely to its sales levels in the second half of 2018. Though matching the 22,000+ and 25,000+ sales volume for September and December respectively, could be a tall order.

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