US Electrical Automobile Gross sales Up 147% Since 2021

The US electrical automotive 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 car (BEV) gross sales, and the variety of BEV choices in the marketplace has exploded in latest quarters.

Total (missing just a bit bit of information from automakers who’re stingy with their stats), the US electrical car market grew 147% from Q2 2021 to Q2 2023. It grew 57% from Q2 2022 to Q2 2023.

Let’s dig into the small print a bit.

As you’ll be able to see within the chart simply above, the Tesla complete continues to be the vast majority of the US BEV market. Nevertheless, in Q2 2023, it’s nearer to 50% than it’s been because the Tesla Mannequin 3 hit mass manufacturing and began dominating the market. Even so, when 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 almost 35,000 in Q2 2021 to almost 58,000 in Q2 2022 to a milestone 103,000 (practically) in Q2 2023. Tesla nonetheless holds greater than 60% of the market, although, because of 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 have 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 actually nice choices!

Yet one more enjoyable manner I’ve discovered to crunch the numbers is to take a look at how particular fashions have seen their gross sales change yr over yr (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 progress, generally enormous progress (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 all the way down to rising competitors.

Total, there’s a lot to be glad about on the US electrical automotive market. I’m excited for Q3, which is simply across the nook! (I’ll you’ll want to get a report up on Q3 quicker than I did on Q2.) What do you anticipate from the following report, and what highlights did I miss on this 2nd quarter EV gross sales report?