In response to Experian, People registered 67% extra electrical autos (EVs) within the first seven months of 2023 than they did throughout the identical interval final yr.

Trade publication Automotive Information experiences, “U.S. market share for electrical autos rose to 7.2% within the January to July interval.”

Tesla led the way in which with a 50% enhance over the primary seven months of final yr and “a 59.5% share of the EV market.”

Second Place Is Far Behind

How huge was Tesla’s lead? Second-place Chevrolet claimed 6% of the market. Its Bolt EV and Bolt EUV made up almost all of that market chunk “aside from 25 new Silverado EV pickups,” says Automotive Information. “July was the primary month the pickup was within the new EV registration knowledge.”

Ford got here in third. Its Mustang Mach-E misplaced some presence out there, with registrations down 18% from one yr earlier. However its F-150 Lightning “rose almost fivefold” to maintain Ford on the rostrum.

“Nonetheless, Tesla’s EV rivals equivalent to BMW, Mercedes-Benz, and Rivian made important share positive aspects from final yr, the information confirmed. Ford, Hyundai, and Kia noticed new registrations rise, however their market share slipped amid the rising competitors,” says Automotive Information.

Tesla’s repeated worth cuts this yr might have stabilized its place. The corporate managed 79% of the EV market in 2020 however had seen its maintain slip to across the 60% mark by spring as most opponents launched new electrical vehicles.