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

With a current 68% market share, Tesla is still the market leader for electric vehicles in the US.
With more EVs entering the market, this share is declining.
However, the reduction is gradual, and the manufacturer is boosting the amount of US deliveries.

In its home nation, Tesla has long led the market for electric vehicles.
The market dominance of Tesla is anticipated to decrease as more EV options become available and contribute to the expansion of the US EV market, but for the time being, the US EV market is still heavily reliant on Tesla’s output and deliveries.

Tesla automobiles made up 79% of all new electric vehicles registered in the US for the entire year of 2020.

This percentage decreased to 69.95% in 2021, but it is still excellent given that EV delivery volumes and Tesla’s prices both rose dramatically that year.

Now that we have data for the first half of 2022, it is clear that Tesla is continuing to rule the US EV industry with a 68% market share.
That figure is based on Experian registration data.

When you consider that Tesla was able to keep up its market share while other electric car manufacturers raised their US deliveries by 58% in the first half of the year, things really start to look great.

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

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

The F-150 Lightning from Ford is anticipated to join the top 10 in the near future.
According to registration data, Ford delivered 2,173 additional electric pickup truck units in July alone, compared to the 1,288 deliveries made during the first half of 2022.

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

Volkswagen’s US EV deliveries are down 17% so far this year, but with the commencement of VW ID.4 production in Tennessee, they are anticipated to increase in the second half of the year.

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