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EV-a2z > News > Tesla Leads Luxury Car Segment in US during the third quarter of 2022
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Tesla Leads Luxury Car Segment in US during the third quarter of 2022

admin
Last updated: 2022/10/20 at 8:25 AM
admin Published October 19, 2022 2 Min Read
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Tesla Model Y Production Ramps Up
Tesla Model Y Production Ramps Up
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Tesla takes nearly two-thirds of all battery-electric vehicle sales in the United States this year. The company gained a stronger position in the luxury segment, according to InsideEVs.

Around 458,786 new battery electric vehicles (BEVs) were registered in the US in January-August 2022. 298,383 were the Tesla brands, which make up 65% share of BEVs.

Tesla is also the top brand in the premium/luxury segment, as per the Automotive News Research & Data Center estimates.

According to the report, the total sales are approximately 539,807 (up 7.1%) vehicles in the third quarter. 114,000 (21%) of those were Tesla vehicles.

The automaker’s result is 47% higher than the prior year. This means that the company expands faster to gain a higher share.

Notably, BMW had an increase in deliveries in the third quarter by 3.2% (78,031), But its year-to-date (YTD) gap with Tesla has over 112,000. In addition, third spot sits Mercedes-Benz with 72,389 units (up 31%), then Lexus with 67,524 units (down 17%), and Audi with 39,267 units (up 20%).

Some premium brands, however, suffer from production constraints—for instance, Volvo, with 21,631 units (down 32%) in the third quarter.

U.S. electric vehicle sales, excluding Tesla (which was 70%+ of the market in 1Q 2022) pic.twitter.com/rUMmLdP1vh

— Nat Bullard (@NatBullard) June 26, 2022

Tesla’s current position further accelerates in the US. When previously, the luxury segment was taken over by several European brands. It is also worth noting that Tesla Model Y was best-selling in Austria, China, and Germany, and second best-selling in Denmark, and the Tesla Model 3 was best-selling in Canada.

BREAKING: For the first time ever, the @Tesla Model Y was the best selling car in Germany in September, beating out VW Golf.

Battery electric vehicles achieved a 20% market share in September. 44% of the top-10 best selling vehicles in September were BEVs. pic.twitter.com/yvZ5RyiXzG

— Sawyer Merritt (@SawyerMerritt) October 10, 2022

Changes in the federal tax credits drive customers to choose locally-made EVs, which will see the US with more locally-made BEVs.

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TAGGED: Electric Vehicle, EV, Tesla, Tesla Model Y, USA
admin October 20, 2022 October 20, 2022
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