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?
“That’s why Domestic sales have tanked.”
What in the data shows that?
Whether it’s 147% or 147,000% I won’t be included in those numbers.
Behind my brace of 18 yr. old, 50 mpg turbo Diesels.
Domestic EV sales have gone down the toilet. Do your own homework. Why is ford losing 4.5 billion on EV’s? That’s why the Average F150 costs 65k. Underwrite EV losses.
Yes! And in the USA, Germany, Russia, and the rest of the world, too!!
China is grabbing control of the EV market. We don’t ned them controlling the whole world economy!
Where are the charts and graphs showing the relationship between below freezing temperatures and decreases in battery charge?
Stupidity is up 147%.
Breaking!!!!!!!!!!
US Electric Car Sales Up one hundred million % Since 1901.
GSA purchased a boat load......
Electric cars are not the green machine they claim them to be. If you are buying them for other reasons fine. But saving the planet is not a benefit you get from them
France and China have the worlds largest junk yards full of them most in China were never sold.
From production line to grave yard in one swoop.
Another hula hoop era
Wow! I bet they’re REALLY up from 1955!
Toyota, sticking to its guns, with its expansive hybrid products is and will be the winner in this game.
“U.S. sales of hybrid vehicle sales jumped 76% to 801,550 vehicles last year, accounting for 5% of U.S. light vehicle sales, according to data from analytics firm Wards Intelligence.
Sales of EVs also jumped 83% to 434,879, but represented a meager 3% of the market.
Toyota Motor Corp (7203.T) posted record hybrid car sales for the U.S. market, helping the Japanese automaker overtake General Motors Co (GM.N) as the top-selling U.S. automaker.”
I drove my 98 Firebird V6 nonestop 276 miles at an average speed of eighty miles per hour (I had cops passing me with my speedometer showing 85) I filled the tank at the end and did the calculation and it came out to 30.5 miles to the gallon. I understand if anyone wants to call bullshit on that especially as the car over any given week averages 16 mpg. I did the calculation four times in disbelief. Same result.
I live in a city of 25,000. I have seen one electric car.
So they’ve sold 14 instead of 5.
I know the drag equation well. Applies to ev and ice. What is different is how efficiently you produce the opposing force to overcome the drag. Ice cars do that more efficiently at highway speeds.
If you sell anything for a living,find electric car buyers,they are suckers and will buy anything
There are EV’s that sell, and EV’s that don’t sell
It is a serious mental error to generalize
You are wrong in your thought.
An at home charging station is much less expensive. It must contain a circuit breaker capable of continuous duty during the charging period.
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