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Electric Vehicle Sales Exploded In August

Total electric vehicles sales in August were an estimated 11,363, the U.S. Department of Energy reports. This is a huge increase from the 7,442 electric vehicles sold in July and the 8,742 sold in June, which was the previous all-time high.

Consumers have been flocking to EVs as many of the models have become more affordable. The top-selling EV in August was the Chevy Volt, which sold 3,351 units. It was followed by the Nissan Leaf at 2,420 units, the Toyota Motor Corporation (ADR) (NYSE:TM) Prius PHEV at 1,791 units, and the Tesla Model S at 1,700 units.

The Tesla Motors Inc (NASDAQ:TSLA) is particularly interesting since it is the only true luxury EV to be generating many sales at this point.

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