Tesla (TSLA) nonetheless owns 75% of the US’s electrical automobile market up to now this 12 months

In accordance with the newest registration knowledge, Tesla nonetheless owns about 75% of the US’s electrical automobile market up to now this 12 months with Mannequin Y and Mannequin 3 alone on the prime.

For years now, Tesla has been dominating the electrical auto market in its residence nation. It’s anticipated that Tesla’s maintain in the marketplace will erode as extra EV choices hit and assist develop the US market, however for now, the US EV market continues to be extraordinarily depending on Tesla’s manufacturing and deliveries.

For the whole 12 months of 2020, Tesla automobiles accounted for 79% of recent electrical automobiles registered within the US.

In 2021, the quantity went right down to 69.95%, however that’s nonetheless spectacular with EV supply volumes considerably rising all year long together with Tesla’s costs.

Now we get the primary knowledge for 2022 by means of registration knowledge from Kelley Blue Guide (KBB), and it reveals that Tesla had 75% of the EV market within the US throughout the first quarter of 2022 (January by means of March).

In accordance with KNN, listed below are the highest 10 EVs bought within the US in Q1 2022:

  1. Tesla Mannequin Y
  2. Tesla Mannequin 3
  3. Ford Mustang Mach-E
  4. Tesla Mannequin X
  5. Hyundai Ioniq 5
  6. Kia EV6
  7. Tesla Mannequin S
  8. Nissan Leaf
  9. Kia Niro
  10. Audi e-Tron

The information reveals that Tesla continues to be king by way of quantity deliveries of electrical automobiles within the US.

Ford got here in third with the Mustang Mach-E, but it surely’s a far third place with 6,734 Mach-E deliveries throughout the interval to 46,707 models for the Mannequin 3, which got here in second place.

Throughout the interval, KBB additionally notes that electrical automobiles represented 5% of the general auto marketplace for the primary time within the US.

Electrek’s Take

It’s unhappy to suppose what the US’s EV market would appear like with out Tesla. Even with Tesla, it solely represents about 5% of the general auto market.

An essential cause for that’s the US auto market’s love for pickup vans and the truth that they’re simply beginning to go electrical.

2023 must be a really totally different 12 months for EV adoption within the US. I believe it’ll shock many individuals. I wouldn’t be stunned if EV market share greater than doubles and lands close to 12% towards the tip of the 12 months.

That will probably be due to a number of new EV fashions hitting the market, however primarily because of a ramp-up of electrical pickup manufacturing, particularly from Ford, Rivian, and GM, and likewise the beginning of manufacturing of Tesla Cybertruck – although quantity for the latter is extra more likely to are available in 2024.

I see over 150,000 deliveries of electrical pickup vans in 2023 and an enormous shift in how new automobile consumers see electrical automobiles within the US. I believe there will probably be a rush to order new electrical automobiles that can make in the present day’s lengthy backlogs appear like a joke.

The shift in notion will probably be just like what now we have seen occur in different international locations in Europe, like Norway and the Netherlands, just a few years in the past.

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