The US electrical automobile market continues to develop strongly. Sure, Tesla nonetheless dominates (that’s not altering anytime quickly), however a number of different automakers are additionally seeing fast-growing full electrical automobile (BEV) gross sales, and the variety of BEV choices in the marketplace has exploded in current quarters.
General (missing just a bit bit of knowledge from automakers who’re stingy with their stats), the US electrical automobile market grew 147% from Q2 2021 to Q2 2023. It grew 57% from Q2 2022 to Q2 2023.
Let’s dig into the main points a bit.
As you possibly can see within the chart simply above, the Tesla whole continues to be the vast majority of the US BEV market. Nevertheless, in Q2 2023, it’s nearer to 50% than it’s been for the reason that Tesla Mannequin 3 hit mass manufacturing and began dominating the market. Even so, in case you look solely at non-Tesla BEV gross sales (the underside bar in every group of bars), the market has gone from slightly below 6,000 items in Q2 2020 to just about 35,000 in Q2 2021 to just about 58,000 in Q2 2022 to a milestone 103,000 (almost) in Q2 2023. Tesla nonetheless holds greater than 60% of the market, although, due to its staggering 171,000 gross sales in Q2 2023 — which put it in eighth place amongst automakers within the total auto gross sales chart (however that’s a coming story).
Right here’s the way it broke down by mannequin:
That makes it look much more dramatic in favor of Tesla. (And maybe it’s why Ford and others have determined there’s extra upside to partnering with Tesla on Supercharging than draw back.) However take a look at that rising mannequin range! We’ve by no means had so many BEV choices on the US market, and plenty of of those are really nice choices!
Yet another enjoyable means I’ve discovered to crunch the numbers is to take a look at how particular fashions have seen their gross sales change 12 months over 12 months (within the 2nd quarter) and since Q2 2021. Let’s have a gander….
It’s unlucky to see any fashions have their gross sales drop, however the excellent news is most have seen development, typically enormous development (ahem, Tesla).
The fashions that did see gross sales drops since 2022 and 2021 are all older fashions. Within the case of the BMW i3, it’s been discontinued. Within the case of some others, I might put it right down to rising competitors.
General, there’s a lot to be blissful about on the US electrical automobile market. I’m excited for Q3, which is simply across the nook! (I’ll you’ll want to get a report up on Q3 sooner than I did on Q2.) What do you anticipate from the subsequent report, and what highlights did I miss on this 2nd quarter EV gross sales report?
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EV Obsession Every day!
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Tesla Gross sales in 2023, 2024, and 2030
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