United States has become the largest electric vehicle sales market outside China
Market research firm Counterpoint’s statistics reveal that the United States has currently ascended to be the second-largest electric vehicle market globally, following China.
The data for the first quarter of 2023 indicate an astonishing 79% surge in electric vehicle sales in the American market, thus surpassing Germany to become the world’s second-largest electric vehicle market. This growth can be largely attributed to the electric vehicle tax benefits introduced by the US government, consequently stimulating sales.
The electric vehicle brand of choice for most consumers is Tesla, commanding a hefty market share of 62.72%. Following behind is General Motors with a share of 7.62%, while the Volkswagen Group’s share stands at 6.31%. Regarding hybrid vehicles, Stellantis leads the pack with a 43.85% share, trailed by BMW and Toyota, with market shares of 16.11% and 15.38%, respectively.
In terms of the most purchased electric vehicles, Tesla’s Model Y takes the top spot, followed by Model 3. In third place is the Chevrolet Bolt EUV, the fourth position is occupied by Volkswagen’s ID.4, and the fifth spot is taken by the Chevrolet Bolt. As for hybrid vehicles, the top-selling model is the Jeep Wrangler, followed sequentially by the Jeep Grand Cherokee, Toyota RAV4, BMW X5, and Chrysler’s Pacifica.
