Looming competition, Tesla still dominates the top 10 best-selling electric vehicles in the United States in 2022

the electric vehicle market in the United States is still fairly new, and Tesla has largely dominated this market since its inception. However, competition in the electric vehicle space is increasing as traditional automakers begin to launch their own zero-emission vehicles, and although Tesla still dominates the market, the automaker’s market share has gradually declined over the past few years. of recent years.

Tesla’s Model Y SUV and Model 3 sedan were the two best-selling vehicles in the United States in the first quarter of this year, according to a report by MarketWatch (Going through KBB). The news comes at a time when EVs accounted for more than 5% of total car sales for the first time, and many traditional automakers are starting to see substantial sales of their first EVs.

Tesla sold 46,707 Model 3 units in the first quarter, and its combined Model 3 and Model Y sales accounted for 68% of the overall EV market share. By comparison, Tesla vehicles accounted for 70% of the market share in 2021 and 75% of the EV market share in 2020.

Still, the slight decline in Tesla’s market share is to be expected and will continue as long as old-wave automakers continue to roll out their electric vehicles. Despite growing competition, traditional car manufacturers still have a long way to go before they reach the volume of electric vehicle sales that Tesla has achieved.

Sales of Tesla’s Model 3 and Y were trailed distantly by Ford’s electric Mustang Mach-E, which sold just 6,734 units. Tesla’s Model X followed the Mach-E, and the Model S was the quarter’s seventh best-selling electric vehicle.

Other vehicles on the top 10 list for the first quarter include the Hyundai Ioniq 5, Kia EV6, Nissan Leaf, Kia Niro and Audi e-Tron.

The news also comes as Ford, Rivian, General Motors and others are launching their first electric pickups – something Tesla isn’t currently offering, with the highly anticipated Cybertruck starting production next year.

The first 99 buyers received their GMC Hummer EV units in the first quarter, while 43 took delivery of Rivian’s R1T startup backed by Amazon and Ford. Ford has also just started delivering the Ford F-150 Lightning.

For Tesla, the completion of the new Gigafactory site in Austin, Texas will also play a crucial role in the years to come as US competition for electric vehicles continues to increase. With production expected to increase, sales are expected to follow, and Tesla is uniquely positioned as a company to address the impending electric vehicle revolution.

Originally posted on EVANNEX. By Zachary Viscont


 


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