Tesla (TSLA) still dominates the US electric car market with 68% market share

Tesla still dominates the US electric car market, now with a 68% market share. This share is decreasing as more and more electric vehicles come onto the market. But the decline is slow and the automaker is increasing its delivery volumes in the United States.

For years, Tesla has dominated the electric car market in its home country. Tesla’s grip on the market is expected to erode as more EV options arrive and help grow the US market, but for now the US EV market is still extremely dependent on Tesla production and deliveries.

For all of 2020, Tesla vehicles accounted for 79% of new electric vehicles registered in the United States.

In 2021, that number fell to 69.95%, but it’s still impressive, with EV delivery volumes increasing significantly throughout the year, along with Tesla’s prices.

We now have the numbers for the first half of 2022, and Tesla maintains its dominance with a 68% market share in the US electric vehicle market. This number is based on registration data from Experian.

Where things get impressive is when you consider that Tesla has managed to maintain its lead, or more accurately, only lose 1% market share, while other automakers producing electric vehicles have increased their US deliveries by 58% in the first half.

Tesla Model Y and Model 3 are still first and second, with the Mustang Mach-E coming in third despite Ford doubling its electric vehicle deliveries so far this year.

Here are the 10 best-selling electric vehicles in the United States so far this year:

  1. Tesla Model Y: 103, 215 units
  2. Tesla Model 3: 97,075 units
  3. Ford Mustang Mach-E: 18,399 units
  4. Tesla Model S: 15,317 units
  5. Tesla Model X: 13,384
  6. Hyundai Ioniq 5: 13,200 units
  7. Kia EV6: 12,036 units
  8. Nissan Leaf: 7,911
  9. Kia Niro EV: 6,931 units
  10. Polestar 2: 4,873 units

Ford is expected to add to the top 10 soon with the F-150 Lightning. While there were just 1,288 deliveries of the electric pickup in the first half of 2022, Ford delivered an additional 2,173 units in July alone, registration data shows.

However, Tesla could very well be able to maintain its first-half lead depending on the ramp-up of Model Y production at Gigafactory Texas.

Volkswagen’s electric vehicle deliveries in the United States are down 17% so far this year, but are expected to pick up in the second half thanks to the start of VW ID.4 production in Tennessee.

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