Sat. Sep 23rd, 2023
    Rapid Increase in Electric Vehicle Adoption in the United States

    According to data from the analytics firm Experian, the adoption of electric vehicles (EVs) in the United States is rapidly increasing. During the first seven months of 2023, over 7 percent of vehicles sold in the country were electric cars, SUVs, or trucks, which represents a significant jump compared to the same period last year.

    In total, 655,986 electric vehicles were sold or registered in the country between January and July, accounting for 7.2 percent of all light vehicle sales. This marks a considerable increase compared to the 4.9 percent market share of electric vehicles during the same period in 2022.

    It comes as no surprise that Tesla leads electric vehicle sales, with 390,377 registered vehicles, representing 59.5 percent of all electric vehicles in the United States. The Tesla Model Y, a crossover SUV, remains the company’s most popular model, accounting for 60.5 percent of new registrations and being the best-selling car worldwide during the first quarter of 2023.

    While Tesla continues to dominate the electric vehicle market, its market share is starting to decrease. In 2022, Tesla manufactured 62 percent of all electric vehicles sold in the United States, down from its peak market share of 78 percent in 2018. However, with the current sales figures, it is expected that Tesla will surpass the 491,000 electric vehicles delivered in 2022.

    Other automakers are also making strides in the electric vehicle market. General Motors ranked second with 39,647 registrations, followed by Ford, Hyundai, BMW, and Mercedes-Benz. Despite the growing competition, Tesla remains at the forefront of the electric vehicle revolution in the United States.

    Overall, the increase in electric vehicle adoption in the United States is a positive sign for electric mobility. As more individuals and companies choose to invest in sustainable transportation, the country is on track to reduce emissions and build a greener future.

    – Car Scoops
    – Experian
    – CNBC