The electric vehicle (EV) market has seen exponential growth in recent years, with EV sales skyrocketing in the United States. Despite misconceptions and criticisms, the numbers don’t lie – EVs are rising.
In this article, we’ll delve into the statistics and highlight the five best-selling electric cars in the U.S. market, shedding light on the impressive growth of EVs.
EV Sales Growth
The EV market in the United States has experienced remarkable growth, with a staggering 63% increase in sales this year. To put this into perspective, just one year ago, EVs held a 4.9% market share, which then grew to 7.1% this year.
This rapid growth trajectory is reminiscent of exponential growth, a concept that’s hard for our brains to grasp. If this pace continues, we might soon see EVs capturing a significant market share, much like the adoption of smartphones.
Tesla stands as the undisputed leader in the EV industry, contributing significantly to the growth of electric vehicles in the U.S. In the current year, Tesla delivered 330,000 cars, marking a 44% increase from the previous year.
This surge in sales earned Tesla a 60.3% market share. While some critics argue that Tesla’s market share is on a steady decline, it’s essential to consider factors like the upcoming Model 2 and Cybertruck, which could further solidify Tesla’s position.
Non-Tesla EVs Rising
Non-Tesla EV registrations have also seen substantial growth, with an increase of 98% year-over-year, resulting in a market share of 39.7%.
Brands like Chevrolet, Ford, Hyundai, BMW, Mercedes-Benz, and Volkswagen have all contributed to this remarkable expansion. It’s worth noting that even the non-Tesla brands are now challenging the dominance of traditional gasoline-powered vehicles.
Top 5 Best Selling Electric Cars in United States
Now, let’s dive into the specifics and uncover the top-selling electric cars in the U.S. market:
- Tesla Model Y: With an impressive 201,434 deliveries, the Model Y has nearly doubled its sales this year.
- Tesla Model 3: While sales haven’t grown as significantly, the Model 3 remains a popular choice with 108,604 deliveries.
- Chevrolet Bolt and Bolt EUV: Despite facing production challenges last year, Chevrolet managed to achieve 34,000 deliveries, thanks to a 415% increase.
- Volkswagen ID.4: The ID.4, qualifying for a $7,500 tax credit, has seen 16,620 deliveries, marking a 250% growth.
- BMW i4: Surprisingly, the BMW i4 secured fifth place with 1,165 deliveries, showing promise for the future.
The Road Ahead
As we look ahead, it’s clear that the EV market is poised for further growth. With the imminent arrival of more electric car factories and advancements in battery technology, we can expect a transformative shift in the automotive industry.
The year 2025 is anticipated to be a pivotal year, marking an actual inflection point in the adoption of electric vehicles, making them more accessible and widespread than ever before.