Tesla Propels 95 Per Cent Increase In EV Sales In The US

In this article (4)
Tesla is the world’s largest EV maker and it is also the largest EV player in the US, considering the states are its home turf. So it shouldn’t come as a surprise that Tesla has propelled 95 percent of the increase in EV sales in the US as per a report by Experian.
While this is true, its market share is coming down as traditional automakers start to deploy their EV solutions which are increasingly becoming competitive with Tesla. In 2020, Tesla accounted for 79 percent of all the electric vehicles registered in the states. But in 2020, the US was hit hard by the pandemic and it only managed an 11 percent increase in EV adoption in the US. That’s changed dramatically in 2021 and we have barely crossed the halfway mark for the year.
Tesla’s market share has dropped to 71 percent thanks to the introduction of new EVs like the Ford Mustang Mach-E, the Audi E-Tron and the Porsche Taycan. Some older EVs like the Hyundai Kona, Nissan Leaf, and Chevrolet Bolt EV are also seeing increased traction which is why Tesla’s market share has dipped, but overall, the sale of its Model Y and Model 3 is booming.
Likely, with new avatars of the Model S and Model X just launched they will also see more traction. The top-selling EVs list is restricted to data from between January to April 2021.
1. Tesla Model Y: 53,102
2. Tesla Model 3: 35,468
3. Chevrolet Bolt EV: 13,611
4. Ford Mustang Mach-E: 6,104
5. Nissan Leaf: 5,023
6. Audi e-Tron: 4,321
7. Porsche Taycan: 3,002
8. Hyundai Kona: 2,192
9. Tesla Model X: 1,730
10. Tesla Model S: 1,633
Questions & Answers
Q.If Tesla propelled most of the increase in US EV sales, why is its market share falling?
If Tesla propelled most of the increase in US EV sales, why is its market share falling?
Tesla's market share is declining because traditional automakers are introducing competitive new EV models, such as the Ford Mustang Mach-E and Audi E-Tron, and older EVs like the Hyundai Kona are also gaining traction.
Q.How did EV adoption in the US change between 2020 and 2021?
How did EV adoption in the US change between 2020 and 2021?
In 2020, EV adoption in the US increased by only 11 percent due to the pandemic. This changed dramatically in 2021, though specific growth figures for 2021 are not yet provided.
Q.Which of Tesla's models are currently experiencing high sales volumes?
Which of Tesla's models are currently experiencing high sales volumes?
The Tesla Model Y and Model 3 are currently seeing booming sales. New versions of the Model S and Model X have just launched, which are also expected to gain traction.
Reader pulse
Is Tesla's market share dip a concern?
18,855 votes so far