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TESLA DOMINATES AS ELECTRIC VEHICLE MARKET DOUBLES IN US

15/06/21; The Driven 

Tesla continues to dominate the United States electric vehicle market, boasting a market share of 71% according to the most recent registration data, and with four of the Top Ten best-selling EVs in the country.

EV sales in the United States grew by 95 per cent in the March quarter over the same quarter a year earlier, according to data published by Anglo-Irish multinational consumer credit reporting company Experian.

Experian’s report, which does not appear to be available in any public format on the company’s website, has been floating around the Internet for several weeks now. And while there isn’t a lot to the data based on what information is available, it is nevertheless good news for America’s EV industry.

Tesla remained the dominant EV maker in the US, though its market share slipped from 79% in 2020 to 71% in the first quarter of 2021. At the time that Experian published its 2020 figures, it was reporting an 11% increase in electric vehicle sales in 2020.

The most recent figures from Experian shows that the first quarter was a blow-out for the American EV sector, seeing sales growth leap to 95% – whereas the overall US new car market only managed growth of 36%.

The Top Ten best-selling EVs in the United States across the first quarter looked fairly similar to previous lists, and saw Tesla dominate:

  1. Tesla Model Y: 53,102
  2. Tesla Model 3: 35,468
  3. Chevrolet Bolt EV: 13,611
  4. Ford Mustang Mach-E: 6,104
  5. Nissan Leaf: 5,023
  6. Audi e-tron: 4,321
  7. Porsche Taycan: 3,002
  8. Hyundai Kona: 2,192
  9. Tesla Model X: 1,730
  10. Tesla Model S: 1,633

California reportedly saw more EV registrations than any other state across the United States, but that is of little surprise.

What is impressive, however, is that California’s share of EV registrations only accounted for 38% of the total as other states begin to chip away at the Golden State’s lead, which sat at 45% a year ago.

In second place – though still well behind California – was Florida with 7.2% of the country’s share of EV sales, followed by Texas with 5.9%.

Despite the continued growth of EVs in the United States, electric vehicles nevertheless still only account for 2.3% of the total market, but with the Biden Administration now in power and willing to begin committing federal policy and funds towards supporting EV adoption, one hopes that number will manage to grow in the coming years.

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