The results are quite amazing, considering that the largest player in the segment, Tesla, noted a big decrease. According to S&P Global Mobility's data, via Automotive News, battery-electric cars noted 102,317 new registrations in April, which is 14% more than a year ago. This slight growth was high enough to outpace the general market, which was up 7.3% at nearly 1.4 million units. In effect, the EV market share in April improved to 7.4%, which is higher than Q1's average of 6.9%.
The Tesla and non-Tesla EV registrations were almost equal at roughly 183,000. BEV registrations in January-April 2024: Tesla : 183,278 Non-Tesla : 182,827 Total: 366,105 and 7.1% market share Tesla remains the top sole EV brand in the U.S., but other manufacturers are expanding quite quickly, more than offsetting Tesla's decrease. In April, Ford increased its volume by 169%, Kia by 172%, while Toyota was way up 647% year-over-year thanks to attractive deals for the Toyota bZ4X model.