February 26, 2024

Taylor Daily Press

Complete News World

The market share of EVs in the US is growing significantly –

The market share of EVs in the US is growing significantly –

The market share of fully electric cars has grown to 5.6 percent in the United States. Tesla is still the largest in this segment, with Ford a distant second.

The market share of all-electric cars in the United States is still 3.1 percent in 2021, Automotive News reports. By 2022, it will be 5.6 percent, a combination of EV sales and generally declining car sales. According to Experian figures, 756,534 electric cars will be sold in the U.S. in 2022, up 57 percent from the previous year. Of those 756,534 cars, 484,351 were from Tesla, giving it a 64 percent share of the brand's total EV sales. Ford is in second place, thanks in part to the F-150 Lightning, but only has to settle for 7.5 percent of EVs. The most popular EV in the US in 2022 will be the Tesla Model Y, just like in Europe.

Speaking of Europe, EVs now have a 12 percent market share. The Americans are still a bit behind in that area, but a lot of work is being done. Under the banner of the De-Inflation Act, new subsidies have been introduced to make EV purchases more attractive to Americans. Low electricity prices have already done that, because at an average of 16 cents per kWh (saveonenergy.com), running electric is cheap, even with US fuel prices.

Sales decline

Pickups from Ford, GM and Ram are unbeatable for now, mainly with gasoline engines.

Looking at all car sales, 11 percent fewer new cars were sold in the U.S. in 2022 than in 2021. In the Goodcarbadcar.net sales rankings, almost all top sellers with the aforementioned model have registered a significant decline. Y (rank 8, plus 39.8 percent) is the only exception. Still, Tesla has a lot to do to break into the top 3. It's still topped by the Ford F-series, Chevrolet Silverado and Ram pickup series, a difference of 100,000 vehicles compared to the first non-pickup vehicles. That's the Toyota RAV4.

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