Tuesday, May 17, 2022

American Electric Car Market Share Expands To 2.5% In H1. Tesla remains leader

The American all-electric car market quickly expands this year. Compared to Europe and China it is still behind though.

According to the latest update from Experian (Automotive News), the number of new BEV registrations has more than doubled during the first half of 2021.

The numbers went from 98,351 in H1 2020 to 214,111 in H1 2021. That’s an increase of almost 118% YOY. Let’s remember that a year ago the situation was challenging due to covid related lockdowns.

The market share has improved from 1.5% a year ago to 2.5% in H1 2021 (up from 2.3% in the first four months of 2021, 1.8% in 2020 and 1.4% in 2019), which means that one in 40 new cars registered was all-electric. Similar data wad reported Cox Automotive and Kelley Blue Book.

The market is expanding thanks to growing demand for electric cars. Customers today also have more models to choose from.

Tesla is still the dominant force in the all-electric car segment. The Company is selling more BEVs than all the other manufacturers combined.

During the first half of this year, Tesla’s market share in the BEV segment stands at about two-thirds. The second-best is Chevrolet with 9.6% share, and third is Ford with 5.2% share. Those three domestic brands control about 80% of the market.

We will keep you updated about the sales in the coming months.

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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