Tesla has a well-known lead in the US electric vehicle market, but these two new charts help visualize that lead to a degree that should embarrass all other automakers in the US.
For over almost a decade now, Tesla has been the EV market in the US.
My Grammarly is asking me to correct to “in the EV market,” but no. I do mean it is the EV market.
Without Tesla, the US EV market would simply not be the same. For years, Tesla vehicles represented over 80% of the market.
Over the last few years, it has capitulated some market shares to other automakers as more models hit the market, but Tesla is still very much in the lead.
Reuters has recently released new charts based on S&P Global Mobility data about EV sales so far this year in the US.
The charts visualize well the lead that Tesla has over other automakers:
Tesla outsold the next 19 EV competitors combined during the first half of 2023.
To be fair, Tesla doesn’t break down sales per market and therefore, the 325,000 EV deliveries in the first half of the year is an estimate, but it should be accurate within at least a 20% margin and impressive even if wrong by that much.
Tesla’s lead is also well illustrated in this chart that breaks down sales per EV model:
The good news for the rest of the world is that Tesla’s lead is much less prominent in other markets like Europe and Asia.
But in the US, it is absolutely ridiculous.
Considering that electric vehicles are undoubtedly the future of the auto industry, I don’t think that’s argued anymore, it should be extremely worrying to other automakers.
Unless they can drastically change this pace amid the rapid adoption of electric vehicles, they are going to lose most of the US market – a highly profitable auto market.
The good news is that there are a few new non-Tesla EV models coming to the US that should help, and Tesla helped the rest of the market greatly by opening the Supercharger network to everyone else.
Without that, Tesla could have probably run with the whole thing. It shows that the company is still staying true to its mission of accelerating the world’s transition to electric transport and renewable energy.
If its mission was to own the electric transport market, they might have not gone through with opening the Supercharger network – government incentives or not.
Tesla has long been recognized as the leader in the US electric vehicle (EV) market, and new charts released by Reuters further emphasize this dominance. Over the past decade, Tesla has essentially been the EV market in the US, with its vehicles representing over 80% of sales. While it has given up some market share to other automakers in recent years, Tesla still maintains a significant lead. The charts reveal that Tesla outsold the next 19 EV competitors combined in the first half of 2023. Although the exact number of EV deliveries is estimated due to Tesla not breaking down sales per market, it is likely accurate within a 20% margin. This achievement is particularly impressive considering the rapid adoption of electric vehicles and the fact that they are widely considered the future of the auto industry. The charts also highlight that Tesla’s lead is less prominent in other markets like Europe and Asia, which should be encouraging for other automakers. However, in the US, Tesla’s dominance is staggering and should be a cause for concern among competitors. Despite this, there is hope for other automakers with the introduction of new non-Tesla EV models and Tesla’s decision to open its Supercharger network to other vehicles. This move demonstrates Tesla’s commitment to its mission of accelerating the world’s transition to electric transport and renewable energy.