In the first nine months of 2023, electric vehicles accounted for 21.5% of cars sold in California, a figure that’s more than doubled in the last two years. When combined with hybrid, plug-in hybrid and fuel-cell vehicles, the year-to-date figure is 35.4%. California has long been a champion of electric cars, and Gov. Gavin Newsom said he’ll phase out sales of new gasoline-powered cars by 2035 as part of the state’s fight against climate change.
Both Tesla and conventional automakers have said they’ll slow their investments in battery-powered cars for now, warning that high interest rates and prices are affecting demand. Tesla’s lead in the California electric-vehicle market has slipped this year, according to the state registration data. Its overall market share fell to 62.9% in the first nine months of 2023, compared with its 71.8% share the year before. Mercedes-Benz Group and BMW both gained ground among EV sellers.
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