Posted on 09/22/2023 11:02:35 AM PDT by Red Badger
The US electric car market continues to grow strongly. Yes, Tesla still dominates (that’s not changing anytime soon), but several other automakers are also seeing fast-growing full electric vehicle (BEV) sales, and the number of BEV options on the market has exploded in recent quarters.
Overall (lacking just a little bit of data from automakers who are stingy with their stats), the US electric vehicle market grew 147% from Q2 2021 to Q2 2023. It grew 57% from Q2 2022 to Q2 2023.
Let’s dig into the details a bit.
As you can see in the chart just above, the Tesla total continues to be the majority of the US BEV market. However, in Q2 2023, it’s closer to 50% than it’s been since the Tesla Model 3 hit mass production and started dominating the market. Even so, if you look only at non-Tesla BEV sales (the bottom bar in each group of bars), the market has gone from just under 6,000 units in Q2 2020 to nearly 35,000 in Q2 2021 to nearly 58,000 in Q2 2022 to a milestone 103,000 (nearly) in Q2 2023. Tesla still holds more than 60% of the market, though, thanks to its staggering 171,000 sales in Q2 2023 — which put it in 8th place among automakers in the overall auto sales chart (but that’s a coming story).
Here’s how it broke down by model:
That makes it look even more dramatic in favor of Tesla. (And perhaps it’s why Ford and others have decided there’s more upside to partnering with Tesla on Supercharging than downside.) But look at that growing model diversity! We’ve never had so many BEV options on the US market, and many of these are truly great options!
One more fun way I’ve found to crunch the numbers is to look at how specific models have seen their sales change year over year (in the 2nd quarter) and since Q2 2021. Let’s have a gander….
It’s unfortunate to see any models have their sales drop, but the good news is most have seen growth, sometimes huge growth (ahem, Tesla).
The models that did see sales drops since 2022 and 2021 are all older models. In the case of the BMW i3, it’s been discontinued. In the case of a few others, I would put it down to growing competition.
Overall, there’s much to be happy about on the US electric car market. I’m excited for Q3, which is just around the corner! (I’ll be sure to get a report up on Q3 faster than I did on Q2.) What do you expect from the next report, and what highlights did I miss in this 2nd quarter EV sales report?
So well sales are 'increasing'... Come back and see me when you have one type of Tesla vehicle that sells 900,000 units per year... Pardon me if I don't hold my breath.
Rarely see evs in the passing lane. Chews up too much range. Faster an ev goes the less efficient it is. Not so for ice vehicles. Sweet spot for an ice is highway speeds. Ev is better at stop and go city traffic 30 or 40 mph.
When Trump gets back in office and oil drops again to sub 50 per brl, ev adopters will be really sore, especially when thay try to sell a used ev. Good luck to them.
Wow THAT’S it I’m selling everything I have to buy an electric car because they sold a few last year.
Go away with this stupid crap.
The EV is a plot to restrict our freedom to move and 2has zero chance of getting off the ground.
Aren’t these the same people that told us the American electric grid was so old and outdated THEY might have to command us to shut off our air conditioners?
Yep!
No AC for you proles!...................................
Who doesn’t want an EV, AS A SECOND CAR? Especially if you are rich.
For the rest of us, it is a loser.
useful idiots
It’s fun with numbers.“
That is exactly what it is and it’s BS. Last year all of the media ran with “EV are surging”. In actuality they went from 4% to 6%. So they were able to say there was a 50% increase.
Don’t care. I’m not buying one.
Percentage growth in a low-volume market doesn’t mean too much by itself. Would be interesting to see sales figures vs. ICE vehicles.
In Serbia?
The charts show that Ford is making it up in volume.
Sorry, not true.
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Not enough resources, another scam to impoverish lemmings. Suggested Reading: Professor Simon Michaux’s works on the resources required to “go green”.
Silicon 5.9 years to produce enough
Lithium 9,920.7 years to produce enough
Copper 189.1 years to produce enough
Not seeing it while anyone alive now is still breathing.
Reality refuses to budge.
“You can avoid reality, but you cannot avoid the consequences of avoiding reality” - Ayn Rand.....................
I just bought what’s called a “mild hybrid” that has all the advantages of electric and none of the disadvantages.
I’d go without a car rather than have to buy an electric car. It is an invention so inferior only a professor or a political could think it was a good idea . For our enemies it must be part of their plan.
None of the disadvantages? No Insurance, No Gas, No tolls, no maintenance.
You bought the bridge if that’s what you think. You bought a little bit of gas savings and a lot of complication.
Yes, my old book on statistics tells me that hiding behind huge percentual increases is a very low base.
Doubling of sales, if you sold few originally could be a piece of cake. doubling a million car sales is pretty hard!
I will be ordering a ‘24 ICE-only F-150 Monday.
It may be the last chance.
It may be the last one...........................
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