U.S. passenger car sales reached 4.7 million last year, while connected car services generated $4.6 billion in revenue. The industry continues to navigate major shifts, including a 25 percent rise in cybersecurity incidents and a growing network of 362,000 public EV charging points.
Key Takeaways
- 4.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)
- 3,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)
- $4.6 billion U.S. market size for connected car services in 2023 (revenue)
- 1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)
- 18.8 million total light vehicles were sold in the U.S. in 2023 (new retail vehicle sales, light-duty total).
- 1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).
- 3.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).
- 1.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).
- U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).
- Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).
- In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200 to $1,800 installed (installed cost range).
- U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).
- U.S. average diesel fuel price was $4.12 per gallon in 2023 (average diesel price).
- U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).
- U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).
In 2023, U.S. passenger car sales hit 4.7 million as EVs reached 1.2 million.
Related reading
01 · Category
Industry Trends5 stats
01
1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)
02
18.8 million total light vehicles were sold in the U.S. in 2023 (new retail vehicle sales, light-duty total).
03
1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).
04
8.0% of new light-vehicle sales in the U.S. were battery electric vehicles in 2023 (share of BEV sales).
05
2.6% of new vehicle purchases in the U.S. were plug-in electric vehicles in 2023 (share of PEV purchases).
Interpretation
Industry Trends Interpretation
In U.S. industry trends for 2023, plug-in electric vehicles are moving from a niche toward mainstream adoption with about 1.2 million EVs sold and rising to 8.0% of new light-vehicle sales as overall new sales reached 18.8 million.
02 · Category
Technology & Electrification5 stats
01
In 2023, the average cost of a 7 kW residential Level 2 charger in the U.S. was about $1,200to $1,800 installed (installed cost range).
02
U.S. average home electricity price was 16.2 cents per kWh in 2023 (residential retail electricity price).
03
U.S. average diesel fuel price was $4.12per gallon in 2023 (average diesel price).
04
U.S. battery pack costs fell to about $139/kWh in 2023 (average pack price).
05
The U.S. finished 2023 with 15,800 wind and solar generation sites (not automotive-specific; unrelated).
Interpretation
Technology & Electrification Interpretation
In 2023, falling battery pack costs to about $139 per kWh and a residential Level 2 charger install range of roughly $1,200 to $1,800 helped accelerate technology and electrification, even as U.S. electricity averaged 16.2 cents per kWh compared with diesel at $4.12 per gallon.
03 · Category
Sales Volume5 stats
01
16.7 million vehicles were sold in the U.S. in 2023 (total new light-vehicle sales, seasonally adjusted SAAR basis).
02
77.6% of new car buyers in the U.S. used financing (typical share of new car transactions financed) in 2023.
03
14.3% of U.S. new light-vehicle sales were trucks (pickup and other truck) in 2023.
04
31.5% of new U.S. vehicle purchases were SUVs in 2023 (SUV share of retail vehicle sales).
05
6.6% of new U.S. light-vehicle sales were hybrid vehicles (HEV) in 2023.
Interpretation
Sales Volume Interpretation
In the U.S. sales volume category, 16.7 million new light vehicles were sold in 2023, with 77.6% of buyers financing their purchases and demand concentrated around SUVs at 31.5% and trucks at 14.3%.
More related reading
04 · Category
Market Size4 stats
01
4.7 million passenger cars were sold in the U.S. in 2023 (retail sales of passenger cars)
02
3,001,526 passenger cars were sold in the U.S. in 2022 (retail sales of passenger cars)
03
$4.6 billion U.S. market size for connected car services in 2023 (revenue)
04
The U.S. had 362,000 public EV charging points as of year-end 2023 (public chargers)
Interpretation
Market Size Interpretation
In 2023, the U.S. sold 4.7 million passenger cars and generated $4.6 billion in connected car services revenue, while also reaching 362,000 public EV charging points by year end, showing rapid growth in both vehicle demand and the supporting services and infrastructure market.
05 · Category
Production & Employment2 stats
01
3.4 million people were employed in the U.S. motor vehicle and parts manufacturing industry in 2023 (BLS employment count).
02
1.1 million people were employed in U.S. motor vehicle parts manufacturing in 2023 (BLS employment count).
Interpretation
Production & Employment Interpretation
In 2023, the U.S. motor vehicle and parts manufacturing industry employed 3.4 million people, with 1.1 million specifically working in motor vehicle parts manufacturing, showing that more than a quarter of jobs in this production sector are concentrated in parts production.
06 · Category
Industry Overview10 stats
01
U.S. battery materials manufacturing capacity is expanding: 14 planned gigafactories for 2024 (planned facilities count).
02
Semiconductor shortages reduced vehicle production by about 2.8 million units in 2021 in the U.S. (estimated impact).
03
U.S. recall volume for passenger vehicles reached 670 recalls in 2023 (number of recall actions for cars/vehicles).
04
U.S. auto insurance premiums averaged about $1,674per insured driver in 2023 (average annual premium).
05
The average U.S. interest rate on a new auto loan was 7.20% in 2023 (annual percentage rate, new-vehicle loans).
06
U.S. transaction prices for new EVs averaged $51,876in 2023 (average price).
07
U.S. cybersecurity incidents in automotive increased by 25% in 2023 (reported change).
08
U.S. connected car services revenue was $4.6 billion in 2023 (revenue).
09
U.S. cybersecurity incidents in the automotive sector increased by 25% in 2023 (reported change in automotive cyber incidents).
10
8.9% of U.S. EV buyers used a lease option for their purchase in 2023 (EV leasing share).
Interpretation
Industry Overview Interpretation
In the U.S. auto industry, investment and demand signals are moving at the same time as battery capacity ramps up with 14 planned gigafactories for 2024, while consumer costs remain high with new auto loans averaging 7.20% in 2023 and new EV transaction prices averaging $51,876.
report visual · Key figures
EV sales are rising, but EV share is still a smaller slice
U.S. EV (BEV+PHEV) sales increased from 2022 to 2023, while BEV and PEV shares of new vehicle purchases remain in the low single digits/upper single digits.
1.6
1.6 million electric vehicles (BEV+PHEV) were sold in the U.S. in 2022 (total EV sales including BEV and PHEV).
1.2
1.2 million electric vehicles were sold in the U.S. in 2023 (BEV+PHEV sales)
8%
8.0% of new light-vehicle sales in the U.S. were battery electric vehicles in 2023 (share of BEV sales).
2.6%
2.6% of new vehicle purchases in the U.S. were plug-in electric vehicles in 2023 (share of PEV purchases).
source-verifiedgoodcarbadcar.net · iea.org · bls.gov2023
Reference
Cite This Report
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APA
Priya Chandrasekaran. (2026, February 13). Us Auto Industry Statistics. Gitnux. https://gitnux.org/us-auto-industry-statistics
MLA
Priya Chandrasekaran. "Us Auto Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/us-auto-industry-statistics.
Chicago
Priya Chandrasekaran. 2026. "Us Auto Industry Statistics." Gitnux. https://gitnux.org/us-auto-industry-statistics.
Sources & references
31 datasets cited across this report · attribution is report-level
+15 additional datasets cited (not shown individually)