Joe_Bob_2000B to Electric Vehicles@gearhead.townEnglish · 1 year agoTesla remains king in US with 50% share of EV market, as big car makers get electric shythedriven.ioexternal-linkmessage-square85fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkTesla remains king in US with 50% share of EV market, as big car makers get electric shythedriven.ioJoe_Bob_2000B to Electric Vehicles@gearhead.townEnglish · 1 year agomessage-square85fedilinkfile-text
https://thedriven.io/2023/11/24/tesla-remains-king-in-us-with-50-share-of-ev-market-as-big-car-makers-get-electric-shy/
minus-squareEaglesPDXBlinkfedilinkEnglisharrow-up1·1 year agoThe other way of writing the headline would be: “Tesla loses market share again, down 18% from 2022 and down 33% from 2020 peak of 78%” It’s actually good news for all, EV sales are up 65% overall. The overall new-vehicle market contracted in 2022 by approximately 8%, but battery-electric vehicle (EV) sales outpaced the industry. According to the estimates from Cox Automotive’s Kelley Blue Book team, total new-vehicle sales in the U.S. fell year over year in 2022 to 13.8 million units, down from 15 million in 2021 and well below the 17.3 million the market delivered five years ago. EV sales in the U.S., on the other hand, soared as new models and high interest pushed sales volumes past 800,000 for the first time, an increase of 65% versus 2021.
The other way of writing the headline would be:
“Tesla loses market share again, down 18% from 2022 and down 33% from 2020 peak of 78%”
It’s actually good news for all, EV sales are up 65% overall.
The overall new-vehicle market contracted in 2022 by approximately 8%, but battery-electric vehicle (EV) sales outpaced the industry. According to the estimates from Cox Automotive’s Kelley Blue Book team, total new-vehicle sales in the U.S. fell year over year in 2022 to 13.8 million units, down from 15 million in 2021 and well below the 17.3 million the market delivered five years ago. EV sales in the U.S., on the other hand, soared as new models and high interest pushed sales volumes past 800,000 for the first time, an increase of 65% versus 2021.