According to Car Scoops, the adoption of electric vehicles (EVs) in the United States is on the rise. During the first seven months of 2023, over 7 percent of the vehicles sold in the country were battery-powered cars, SUVs, or trucks. This marks a significant increase compared to the same period last year.
Data from analytics firm Experian reveals that out of the 9.1 million light vehicles sold or registered domestically between January and July, 655,986 of them were EVs, accounting for 7.2 percent of total sales. This shows a notable improvement from the previous year, where only 4.9 percent of vehicles sold were electric.
Unsurprisingly, Tesla continues to dominate the EV market in the United States. Experian’s data shows that 59.5 percent of the battery-powered vehicles registered during the first seven months of 2023 were Tesla vehicles. The most popular model remains the Tesla Model Y, making up 60.5 percent of the new registrations and contributing to its status as the best-selling car in the world during the first quarter of 2023.
While Tesla holds a significant lead in the EV market, other automakers are also making their mark. General Motors secured second place with 6 percent of the market, followed by Ford with 5.2 percent, Hyundai with 4.3 percent, BMW with 3.5 percent, and Mercedes-Benz with 3.2 percent.
Although Tesla’s market share has slightly decreased over the years, the company is still projected to surpass the number of EVs delivered in 2022. In 2022, Tesla accounted for 62 percent of the battery-powered vehicles sold nationwide, down from its peak market share of 78 percent in 2018.
Overall, the increasing adoption of EVs in the United States signifies a growing shift towards sustainable transportation and a more eco-friendly future.
Definitions:
– EVs: Electric vehicles are vehicles that are powered by electricity stored in rechargeable batteries.
Sources:
– Car Scoops
– Experian
– CNBC