Q2 2024 Sees Mixed Progress in EV and Hybrid Sales Across Major Automakers

Ford, Toyota, and GM report significant gains in electric and hybrid vehicles, while Mercedes shifts focus back to gas engines amid market challenges.

Ford's Q2 sales grew by 0.8%, driven by strong hybrid vehicle performance, particularly the Maverick and F-150 hybrids.
Toyota's EV sales quadrupled, setting new records with a 301% increase in all-electric car sales year-over-year.
GM saw its best EV sales quarter ever, despite overall flat new vehicle sales in Q2.
Mercedes-Benz plans to extend its gas engine offerings into the 2030s due to slower-than-expected EV adoption.
Germany's automotive sector faces uncertainty with potential EU-China tariff disputes impacting EV market dynamics.