In spite of prevailing misconception that the electric vehicle (EV) industry is slowing down, American automobile giant Ford Motor Company, South Korean automaker Hyundai Motor Company, and GM’s automobile division Chevrolet have recorded compelling quarterly all-electric vehicle sales in the United States.

Revealing their performances for the third quarter (Q3) of 2023, Ford, Hyundai, and Chevrolet reported that they collectively sold approximately 53,572 units of all-electric vehicles (BEVs) in the U.S. market, enjoying a noteworthy 98 per cent surge year-over-year. Such a robust growth in sales is enough not just to defy the notion of stagnation in the EV market but also to prove the continuous expansion of the market.

American automobile giant Ford stands tall among its peers, securing the top spot in the list of top sellers by selling a total of 20,962 BEVs during the three-month period under review. It was a really remarkable feat considering the challenges the automaker confronted earlier in the year.

Following suit, South Korean manufacturer Hyundai sold an impressive 16,738 electric cars. This figure excludes the number of the Kona Electric model that is typically bundled with its gasoline counterpart.

Chevrolet, a division of the GM, closely trails behind Ford and Hyundai, securing the third spot with a total of 15,872 units sold in the quarter under review. It is worth-mentioning here that Chevrolet’s sales figure predominantly consisted of the soon-to-be-discontinued Bolt EV and Bolt EUVs. It underscores the brand's significant contribution to the EV market, even amid ongoing transitions.

The given data exemplifies a competitive landscape where well-established automakers like Ford, Hyundai, and Chevrolet are driving the surge in the field of EV sales, posing a big challenge to the prevalent notion of industry deceleration. The aforementioned stats are also sufficient to make it evident that Ford, Hyundai, and Chevrolet, among some other brands, are steering the growth trajectory of battery-powered vehicles.

Throughout the first nine months of this year, Chevrolet led the charge in BEV sales with an impressive 49,531 units. Ford closely pursued by selling 46,671 units, setting the stage for a tight competition to claim the top spot in BEV segment. Hyundai stood strong as a significant contender with a commendable 33,624 units sold, while BMW and Mercedes-Benz followed closely with approximately 31,043 and 29,691 units sold, respectively. German automaker Volkswagen (VW) sold 27,155 units, while Rivian's U.S. sales figures remained undisclosed.