18%OFF Code "Spring"on all Orders+Free shipping worldwide+Weekly Free Gift

0

Your Cart is Empty

Tesla's Electrifying Surge: Dominating the US EV Market with Shocking Registrations

by EVBASEOperate September 14, 2023

Tesla's Electrifying Surge: Dominating the US EV Market with Shocking Registrations

In a race that has left competitors in its electrified dust, Tesla has surged ahead as the undeniable champion of the American electric vehicle (EV) market. According to data from Experian, published by Automotive News, the American carmaker witnessed a staggering 50 percent increase in registrations from January to July compared to the same period last year.

With an astonishing 390,377 new registrations in the first seven months, Tesla now commands an impressive 59.5 percent share of the US EV market, leaving competitors gasping for breath. In second place, Chevrolet managed to rev up nearly 40,000 new electric vehicle registrations and secured a 6 percent market share, while Ford zoomed into third place with 33,955 new EV registrations and a 5.2 percent slice of the pie.

The entire all-electric car industry experienced a surge, with registrations hitting 655,986 during this period, marking a remarkable 67 percent increase and securing a solid 7.2 percent market share. Meanwhile, the entire light-vehicle market recorded approximately 9.1 million new registrations, as reported by Experian data.

Tesla's dominance is truly electrifying. In July alone, the company notched up an impressive 60,769 new registrations, outpacing all other EV manufacturers combined, who managed a mere 48,566 vehicles registered in the US. J.D. Power's data further revealed that Tesla enjoyed an estimated market share of 8.5 percent in the light-vehicle segment in July, making it a key driver of nationwide EV adoption.

Leading the pack among Tesla's models is the popular Model Ycrossover, which boasted a whopping 236,041 new units registered in the first seven months, more than double the figures from the same period last year. The ever-popular Model 3 also witnessed a 21 percent rise in new registrations, hitting an impressive 131,381. However, the Model S experienced a 51 percent decline to 8,439 units, while the Model Xencountered a 14 percent dip, with 14,462 new registrations.

Chevrolet, on the other hand, relied heavily on the soon-to-be-retired Bolt EV and Bolt EUV for its new registrations, with only 25 new Silverado EV pickups making their way into the data. Notably, July marked the first month of all-electric pickup truck registrations, adding a spark of excitement to the mix.

Ford, while still in the race, experienced a dip in its EV market share, dropping from 6.9 percent to 5.2 percent. The F-150 Lightning pickup made a commendable contribution with 11,883 units registered, surpassing the Rivian R1T, which cruised in with 7,611 new registrations.



As Tesla charges ahead, it's evident that the US EV market is undergoing a seismic shift. With Tesla's innovative electric fleet dominating the roads, traditional automakers must buckle up and accelerate their efforts to keep pace. One thing is for certain – the future of transportation is electrifying, and Tesla is leading the charge.



We'd love to hear your thoughts on this stunning surge in the comments section below. Can anyone catch up to Tesla's lightning speed?

Prepare for a seismic shift in the insurance landscape as Tesla's disruptive approach sets the stage for a fairer, more affordable future of insuring EVs.

If you are interested in this news, please leave your comments. For more news, please Subscribe to our newsletter. We will update the latest news in the field of electric vehicles every day. To check the newest Tesla accessories, please subscribe to evbase.com 

Don’t hesitate to contact us with news tips. Just send a message to judie@evbase.com or evbase2022@gmail.com to give us a heads-up.

Leave a comment


Also in Tesla News

The Rocky Road Ahead: BYD, Tesla, and the Shifting Dynamics of the EV Industry
The Rocky Road Ahead: BYD, Tesla, and the Shifting Dynamics of the EV Industry

by Lars EVBASE November 02, 2023

The article delves into the financial challenges faced by electric vehicle (EV) manufacturer BYD in Q3, highlighting a significant loss which underscores the contrasting profitability of Tesla in the same period. The comparison between Tesla and BYD is nuanced due to BYD's hybrid models and differing market segments. Amidst a broader 41% decline in global automotive free cash flows, Tesla's maintained profitability stands out, prompting a critical industry reflection. Traditional automakers are facing financial woes in the EV landscape, marking a pivotal moment for the sector as it navigates towards a sustainable and profitable future.
Read More
Debunking the Myth of Declining EV Demand: A Closer Look at Tesla's Unprecedented Growth
Debunking the Myth of Declining EV Demand: A Closer Look at Tesla's Unprecedented Growth

by Lars EVBASE November 01, 2023 8 Comments

The article refutes the notion of declining Electric Vehicle (EV) demand, highlighting instead the robust sales and growth of Tesla in various global markets. It mentions how specific instances like Panasonic's reduced battery cell production are misleadingly used to suggest a broader demand issue. The article emphasizes Tesla's record-breaking sales, especially the Model Y becoming the world's best-selling car, as evidence of strong EV demand. It also contrasts Tesla's success with traditional automakers like Ford, who are reportedly facing demand issues, attributing this discrepancy to legacy automakers' reluctance to fully embrace the EV transition due to short-term financial concerns.
Read More
BP Partners with Tesla in a $100 Million Investment to Boost EV Charging Infrastructure
BP Partners with Tesla in a $100 Million Investment to Boost EV Charging Infrastructure

by Lars EVBASE Oktober 27, 2023

BP has collaborated with electric vehicle leader, Tesla, in a pivotal partnership to expand the EV charging infrastructure in the US. The partnership involves BP's $100 million investment in Tesla's advanced V4 superchargers. While Tesla will provide the hardware and software, BP will handle the installation, branding the chargers under its name. This move is part of BP's broader goal to invest $1 billion in the US EV charging infrastructure by 2030. The alliance is indicative of a broader industry trend, with companies choosing Tesla's reliable and cost-effective charging technology for infrastructure development.
Read More