Tesla, GM, & Toyota Battle for Customers
The electric vehicle battleground at the end of September saw a major increase in the number of PHEVs and BEVs being sold during the 3rd quarter, and a continuing shift away from Hybrids, such as the original Prius.
Overview of different types of electrified vehicles:
- BEVs are vehicles powered entirely by battery power.
- PHEVs use the battery to travel the first 35 miles, then switch to an internal combustion engine to extend its range.
- HEVs are essentially battery-assisted vehicles that use the internal combustion engine to power the car. Batteries don’t provide the motive power for the vehicle.
Tesla also sold cars in Europe and elsewhere. Total Tesla BEV sales for the 3rd quarter were 24,500 vs the 15,425 sold in the US.
There appears to be a shift away from HEVs to PHEVs. Toyota has indicated it may ditch the HEV Prius for the PHEV version.
Year to date, PHEVs have had the largest percentage increase in sales, three times that of BEVs, but BEV sales were 22% greater than PHEVs.
BEV sales are still less than 1/2 of one percent of total light vehicle sales, which is the same as last year.
Since 2010, a total of 268,785 BEVs and 242,203 PHEVs have been sold.
Since 2010, federal and state governments have used tax payer money to subsidize plug-in vehicles to the tune of $3,500,000,000.
Tesla has received $390,000,000 from its sale of California Zero Emission credits.