EVs Accounted For 5.6% Of U.S. Market Last Year, Tesla Continues To Dominate | Carscoops

the second-best seller of electric vehicles in the U.S. in 2022, capturing a 7.5 per cent slice of the market. It beat out Chevrolet with its 4.8 per cent share of the market, sitting above Kia with 3.8 per cent and Hyundai with 3.5 per cent.

“Tesla has a tremendous first-mover advantage as it was the first brand to offer truly aspirational EVs to the early adopters,” president and chief analyst at AutoPacific, Ed Kim, told. “Certainly, with so many competitors coming into the marketplace, Tesla’s market share will recede, as it’s mathematically impossible for its share to remain steady or grow with all the new EV nameplates arriving. But we do expect Tesla’s sales leadership to remain.

AutoPacific says that Tesla will continue to be the dominant EV brand for the next few years “with sales set to continue growing significantly over our five-year forecast period.”

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