Recent statistics reveal that Tesla‘s Model Y has achieved a significant milestone, accounting for one-third of the electric vehicle (EV) sales in the United States during the past year. The Model 3 is trailing closely, adding to Tesla’s substantial influence in the EV sector.
Significant Sales Growth for Tesla’s Model Y
According to sales projections, Tesla sold 394,497 units of the Model Y in 2023, which amounts to 33.2% of all EVs sold in the U.S. That year, the electric vehicle market witnessed an unprecedented surge, with sales nearing 1.2 million. The Model Y’s sales have seen a 56.6% increase from the previous year, solidifying Tesla’s dominance in the market. The Model 3 ranks second, having sold 220,910 units, which constitutes 18.6% of the EV market share.
Competition in the EV Marketplace
Among the competition, no other electric vehicle surpassed 100,000 units sold. The Chevrolet Bolt EV and EUV combined achieved sales of 62,045 units, claiming a 5.2% market share. Tesla’s overall brand sales dominated with a 55.1% hold of the EV market, totaling 654,888 units sold—a 25.4% increase from the previous year. Ford emerged as the closest competitor, with a 6.1% market share attributed to 72,608 EVs sold.
Tesla’s influence is not limited to the EV segment; it has also secured a notable share of the overall U.S. automotive market. The company outperformed well-known brands like Volkswagen and BMW in overall sales.
In conjunction with these milestones, Tesla has unveiled an upgraded Model 3 in North America, following its release in other markets. This launch is another step in Tesla’s ongoing success as the company continues to lead the charge towards electric mobility.
