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Electric and Hybrid Vehicles Achieve Record Market Share in Q3
In Q3, electric and hybrid vehicles achieved a record 19.6% share of the US auto market, driven by a rise in hybrid sales, while BEV sales dipped to 7.0%. Luxury BEVs comprised 70.7% of BEV sales, with Tesla holding 48.8% of the market. Notably, 78.9% of BEVs sold were produced in North America.
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