After EV sales rose 28 and four percent in the third quarter from a year earlier, Mercedes EVs account for only about 15 percent of total sales in the U. S. U. S. By comparison, Ford and GM are increasing by 3 to four percent.
Mercedes-Benz sold 10,423 electric cars between July and September, an increase of 284% over last year.
German automaker offers five all-electric vehicles in the U. S. In the U. S. , one per segment. These include the EQS sedan, EQS SUV, EQE sedan, EQE SUV, and EQB.
The EQE SUV dominated Mercedes’ electric vehicle sales in the third quarter, with a starting price of around $78,000. Next up is the brand’s top electric SUV, the EQB, with a starting price of $52,750.
The EQS SUV experienced impressive sales growth, up 476% year-over-year, with 1,593 sets sold. Meanwhile, sales of the EQS sedan fell 35 years over year with 1,100 games sold.
In the first nine months of the year, the Mercedes EQS SUV led the pack with 7,086 models sold. The EQB outperformed the EQE SUV, with 6,674 and 6,333 models sold this year.
Dimitris Psillakis, president and chief executive officer of Mercedes-Benz USA, said the company is “very encouraged” by the call for its electric vehicles, the EQE and EQS SUVs produced in Alabama.
Mercedes vehicle sales accounted for 14. 7% of U. S. passenger vehicle sales. In the third quarter. The brand’s electric vehicle lineup now accounts for 14% of total passenger vehicle sales in 2023.
Although Ford and GM have sold more electric models than Mercedes in their domestic market, the German automaker generates a higher percentage of their total sales.
Ford just surpassed GM’s 20,092 electric vehicle sales, with 20,962 sold in the third quarter. Despite the higher number of electric cars sold, they account for between 3 and 4% of total sales.
It will be exciting to see the coming quarters as classic automakers ramp up production to capture their share of the developing electric vehicle market and look to close the gap with Tesla.
Meanwhile, Rivian, an electric vehicle startup that promoted cars two years ago, is already ahead of much of the foreign competition.
Rivian continues to beat expectations, with 15,564 electric cars delivered in the third quarter, up 23% from last quarter. The electric vehicle maker is on track to make 52,000 models this year. That said, classic automakers will have to step up their efforts or squander (more) market share for Tesla, Rivian and others.
Peter Johnson covers the step-by-step transformation of the automotive industry towards electric vehicles. He is an experienced, monetary investor and electric vehicle enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is one of the main reasons he pursued a career in investing. If he does not tell you his latest discoveries in the 10K, you can locate him enjoying the outdoors or exercising.