Tesla (TSLA) still owns 75% of the US’s electric car market so far this year

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According to the latest registration data, Tesla inactive owns astir 75% of the US’s electrical car marketplace truthful acold this twelvemonth with Model Y and Model 3 unsocial astatine the top.

For years now, Tesla has been dominating the electrical car marketplace successful its location country. It is expected that Tesla’s clasp connected the marketplace volition erode arsenic much EV options deed and assistance turn the US market, but for now, the US EV marketplace is inactive highly babelike connected Tesla’s accumulation and deliveries.

For the full twelvemonth of 2020, Tesla vehicles accounted for 79% of caller electrical vehicles registered successful the US.

In 2021, the fig went down to 69.95%, but that’s inactive awesome with EV transportation volumes importantly expanding passim the twelvemonth on with Tesla’s prices.

Now we get the archetypal information for 2022 done registration information from Kelley Blue Book (KBB), and it shows that Tesla had 75% of the EV marketplace successful the US during the archetypal 4th of 2022 (January done March).

According to KNN, present are the apical 10 EVs sold successful the US successful Q1 2022:

Tesla Model Y Tesla Model 3 Ford Mustang Mach-E Tesla Model X Hyundai Ioniq 5 Kia EV6 Tesla Model S Nissan Leaf Kia Niro Audi e-Tron

The information shows that Tesla is inactive king successful presumption of measurement deliveries of electrical vehicles successful the US.

Ford came successful 3rd with the Mustang Mach-E, but it’s a acold 3rd spot with 6,734 Mach-E deliveries during the play to 46,707 units for the Model 3, which came successful 2nd place.

During the period, KBB besides notes that electrical vehicles represented 5% of the wide car marketplace for the archetypal clip successful the US.

Electrek’s Take

It’s bittersweet to deliberation what the US’s EV marketplace would look similar without Tesla. Even with Tesla, it lone represents astir 5% of the wide car market.

An important crushed for that is the US car market’s emotion for pickup trucks and the information that they are conscionable starting to spell electric.

2023 should beryllium a precise antithetic twelvemonth for EV adoption successful the US. I deliberation it volition daze galore people. I wouldn’t beryllium amazed if EV marketplace stock much than doubles and lands adjacent 12% toward the extremity of the year.

That volition beryllium acknowledgment to respective caller EV models hitting the market, but chiefly owed to a ramp-up of electrical pickup production, particularly from Ford, Rivian, and GM, and besides the commencement of accumulation of Tesla Cybertruck – though measurement for the second is much apt to travel successful 2024.

I spot implicit 150,000 deliveries of electrical pickup trucks successful 2023 and a monolithic displacement successful however caller car buyers spot electrical vehicles successful the US. I deliberation determination volition beryllium a unreserved to reserve caller electrical vehicles that volition marque today’s agelong backlogs look similar a joke.

The displacement successful cognition volition beryllium akin to what we person seen hap successful different countries successful Europe, similar Norway and the Netherlands, a fewer years ago.

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