Tesla (TSLA) still dominates the US electric car market with 68% market share | Elon Musk News

Tesla still dominates the US electric car market, now with a 68% market share. This share is going down with more EVs coming in the market. But, the decline is slow and the automaker is ramping up its US delivery volumes.

For many years, Tesla has dominated the electric auto market in its home country. It is expected that Tesla’s grip on the market will be eroded as more EV options take a hit and help the US market grow, but for now, the US EV market is still highly dependent on Tesla’s production and delivery.

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

In 2021, that number dropped to 69.95%, but it’s still impressive as Tesla prices as well as full-year EV delivery volumes have increased significantly.

We now have numbers for the first half of 2022, and Tesla continues to dominate the US EV market with a 68% market share. That number is based on Experian’s registration data.

Where things get impressive is when you consider that Tesla managed to maintain its lead, or more precisely, only lose 1% market share, while other automakers producing electric vehicles did during the first half of the year. Increased its US deliveries by 58%.

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

Here are the top 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 break into the top 10 soon with the F-150 Lightning. According to registration data, there were only 1,288 deliveries of electric pickup trucks during the first half of 2022, while Ford delivered 2,173 units in July alone.

However, the Tesla Gigafactory could very well manage to maintain its lead from the first half of the year based on the Model Y production ramp-up in Texas.

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

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