Tesla bought 75% of EVs in Q1 2022, sustaining its dominance on the US market

Tesla bought 75% of EVs in Q1 2022, sustaining its dominance on the US market


In response to Kelley Blue E book’s (KKB) knowledge, Tesla dominated the USA electrical automobile market within the first quarter. Tesla automobile gross sales accounted for 75% of all EVs bought between January and March 2022. 

Tesla’s Mannequin 3 and Mannequin Y automobiles made up 68% of US EV market gross sales in Q1 2022. Based mostly on these calculations, the Mannequin S and Mannequin X automobiles made up 7% of Tesla’s automobile gross sales within the final quarter. 

The Tesla Mannequin Y got here in first place because the best-selling EV in Q1 2022, adopted by the Mannequin 3 in second place and the Ford Mustang Mach-E in third place. The Mannequin X and Mannequin S additionally ranked in KKB’s High 10 best-selling EVs in Q1 listing at fourth and seventh place, respectively. 

The numerous hole between Mannequin 3 and Ford Mustang Mach-E gross sales highlights Tesla’s dominance within the US EV market. Tesla bought 43,707 Mannequin 3 models within the first quarter, whereas Ford bought 6,734 Mustang Mach-Es inside the identical time-frame. 

Tesla delivered 310,048 automobiles within the first quarter of 2022, setting one other Q1 report. Its Q1 2022 outcomes had been considerably hampered by Giga Shanghai shutdowns occurring at an important time within the quarter — in the direction of the tail-end of the three-month interval. Tesla additionally nonetheless handled ongoing provide chain challenges final quarter, just like different automakers within the trade. 

As per Automata Corp. figures, electrical automobile gross sales soared through the first quarter of this 12 months. Whereas EV gross sales gained traction, the general auto trade reported a decline of 15.3% in new automobiles gross sales, hinting at a shift towards renewable vitality automobiles. 

As extra automakers produce electrical automobiles, the competitors for Tesla is rising. For example, the Hyundai Ioniq 5 is one other notable automotive that made it on KBB’s current listing of best-selling EVs within the US for the primary quarter. It got here in fifth place on KBB’s listing, proper after the Mannequin X and earlier than the Tesla Mannequin S. Throughout the New York Worldwide Auto Present, the Hyundai Ioniq 5 received three awards, together with World Automobile of the Yr.

(Credit score: Statista)

Within the international EV market, Volkswagen carefully adopted Tesla’s market share in 2021. Statista calculated that Tesla was the best-selling EV producer worldwide in 2021. Tesla bought 936,172 automobiles in complete final 12 months, making its international EV market share 13.84%. Volkswagen carefully adopted Tesla, claiming 11.28% market share. 

Because the competitors grows within the EV market, Tesla will even need to increase. The Elon Musk-led firm appears ready to battle for its crown with assist from its Gigafactories in Shanghai, Berlin, and the brand new HQ in Texas. 

Tesla goals to provide as much as 1.5 million automobiles in 2022. It additionally plans to begin manufacturing on its different automobiles by 2023, together with the Cybertruck, Semi, and Roadster.

The Teslarati staff would recognize listening to from you. In case you have any suggestions, attain out to me at [email protected] or by way of Twitter @Writer_01001101.

Tesla bought 75% of EVs in Q1 2022, sustaining its dominance on the US market


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October 2022