95% Increase In US EV Registrations: Tesla Continues To Lead

Tesla continues to lead the electric boom despite a decrease in market share that was always to be expected as more EVs enter the fray.

Tesla’s dominance over the US car market continues, with reports of a 95% increase in newly registered vehicles. The majority of vehicles sold belonged to Tesla, which should come as no surprise.

That is, according to Experian, who have relayed the data for us to share with you. The report itself looked at electric vehicle sales between January and April 2021, highlighting a significant increase across the board.

Moreover, the report found that the overall US car market jumped by 36%.

Last year, Tesla (TSLA) accounted for 79% of new electric vehicles registered in the US to give you an idea of where the automaker was in the midst of a global pandemic — a pandemic that ravaged the entire industry, leading to countless delays of vehicles/parts.

During this period, the American automaker held an 11% increase in EV sales in the market. Tesla continues to lead, but its lead has shrunk to 71% in terms of market share.

Here, let’s look at the top 10 best-selling EVs in the US between January and April of this year to learn more:

  • Tesla Model Y: 53,102
  • Tesla Model 3: 35,468
  • Chevrolet Bolt EV: 13,611
  • Ford Mustang Mach-E: 6,104
  • Nissan Leaf: 5,023
  • Audi e-tron: 4,321
  • Porsche Taycan: 3,002
  • Hyundai Kona: 2,192
  • Tesla Model X: 1,730
  • Tesla Model S: 1,633

The list above looks similar to last year’s. Only Ford’s Mustang Mach-E wasn’t there before — a testament to the power/appeal of the automakers latest Mustang offering.

Tesla recently set a delivery record for Q2 2021, distributing over 200,000 EVs to buyers, again, in spite of the mark left by Covid.

Will Tesla continue to have a significant hold over the US electric vehicle market in the coming years? We think so. Still, other automakers are catching up.

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