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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Monthly new vehicle market share for hybrids. Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

COVID-19 pandemic has hit the automotive market hard. As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. As the automotive market takes a dive, EVs show strength. As a result of this resilience, the market share of EVs has been growing significantly.

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