The latest data shows that in the first nine months of this year, Tesla Motors significantly led the US market in terms of electric vehicle registration. Despite facing an increasingly competitive environment, the registration volume of this electric vehicle manufacturer has significantly increased compared to the same period last year.
According to Experian's vehicle registration data, from a brand perspective, Tesla is far ahead in the US market with a registration volume of 489454 vehicles, a year-on-year increase of 41%. Following Tesla are Chevrolet (50160 vehicles) and Ford (46547 vehicles).
Tesla's registration volume mainly consists of Model Y (293398 vehicles) and Model 3 (165543 vehicles), with Model X ranking eighth. Model S did not make it to the top 10.
From January to September this year, the Tesla Model Y and Model 3 were the two highest registered models in the United States, far ahead of other competitors.
Tesla does not disclose its sales data by country or model, so registration data is often used to predict the sales situation of the car company. Other car companies will not share electric vehicle model data in sales reports.
Sales of electric vehicles in the United States may exceed 1 million this year
The data also shows that from January to September this year, the total registration volume of electric vehicles in the United States was 852904, a year-on-year increase of 61%.
During this period, electric vehicle registration accounted for 7.4% of the entire market, while in the same period of 2022, this proportion was only 5.2%. The data also indicates that if this trend continues, electric vehicle sales in the United States may exceed one million for the first time in 2023.
Demand headwind
Although the market share of electric vehicles is still increasing, at the time of the release of the above-mentioned report, the electric vehicle market is facing a headwind. Manufacturers such as General Motors and Ford have recently slowed down their production plans for electric vehicles due to demand issues.
Last month, Cox Automotive warned in a report that the production speed of new car models is faster than the purchasing speed of consumers.
Most analysts expect a large number of new electric vehicles to emerge in the next three years, and the supply of electric vehicles may double by 2027, "Cox wrote in the report. Recently, the supply of cars has been increasing exponentially, while consumer acceptance has been increasing in a more linear manner