Electric vehicles grew to 8.2% of the auto financing pie for new vehicles in the second quarter of 2023, up from 1.7% two years before, according to TransUnion.
Electric vehicle sales zoomed ahead in the second quarter, nabbing a 8.2% of the auto financing pie for new vehicles, up from only a 1.7% share two years before, according to TransUnion.
“Tesla is still... Electric vehicle sales zoomed ahead in the second quarter, nabbing a 8.2% of the auto financing pie for new vehicles, up from only a 1.7% share two years before, according to TransUnion. “Tesla is still the dominate player,” Merchant said, but added that new offerings from other manufacturers, including Ford Mustang Mach-E, have attracted consumers.
Vehicles with internal combustion engines still were the lion’s share of new auto sales in the second quarter, but one in five sales were EV or hybrid models .
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