The United States is at a crucial point in meeting carbon reduction targets and advancing toward a decarbonized society in keeping with the worldwide trend. The primary source of greenhouse gas emissions is still the transportation sector. Electrifying mobility is one of the best strategies to slow climate change on a global scale.
According to Electrek, sales of electric vehicles surpassed those of their gas-powered counterparts in the third quarter of 2022, with a record-breaking of more than 200,000 EVs sold in three months.
Leading EV giant Tesla continues to dominate the market, with a 64% share. It dropped from 75% in Q1 to 66% in Q2. As other established automakers attempt to rival Tesla’s success, its share has been declining, as was predicted.
The US has now surpassed a 6% market share for all-electric vehicles. With that number, it is undoubtedly progressing toward its target of a 50% share by 2030.
US electric vehicle sales through Q3 2022 by maker and model
The US Auto Sales Report from Cox Automotive was released this week. The sales of electric car models in the US and their current market share are shown below.
Any information marked with a dash (-) is either unknown, has no sales history, or was released this year with no comparison to 2021.
|Q3 sales||YOY||Year-to-date |
|YOY||Market share |
|Audi Q4 e-tron||1,112||–||1,112||–||0.2%|
|Chevy Bolt EV/EUV||14,709||226%||22,012||-11.3%||3.8%|
|Ford F-150 Lightning||6,464||–||8,760||–||1.5%|
|Ford Mustang Mach-E||10,414||–||28,089||49%||4.9%|
|GMC Hummer EV||411||–||782||–||0.1%|
|Hyundai IONIQ 5||4,800||–||18,492||–||3.2%|
|Tesla Model 3||55,030||67%||156,357||94.5%||27.1%|
|Tesla Model S||9,171||150%||23,464||79.9%||4.1%|
|Tesla Model X||6,552||43%||19,542||16.4%||3.4%|
|Tesla Model Y||60,271||20%||191,451||50.7%||33.2%|
Tesla continues to dominate the US market, as is evident in the graph. It is also worth noting that the market is getting increasingly crowded as several awaited new electric vehicle models from other brands start to appear.
Furthermore, some electric vehicle models, like Hyundai’s IONIQ and BMW’s i3, seem to be losing ground as automakers look to more profitable areas.
Nonetheless, the popularity of electric vehicles in the United States is expected to grow even more as President Biden’s administration has taken necessary measures to boost EV uptake and achieve its green mobility targets.