Tesla has apparently dominated the electric vehicle market in the US. The company has captured over two-thirds of the region’s market share in the first half of this year. So here are all the details.
Tesla leads the EV market in the US
The data is from the Kelley Blue Book (Via @TheEVuniverse) and revealed that the American EV giant sold 175,262 vehicles in the second quarter of this year. In other words, it had a 59.3 percent in Q2 2023. Meanwhile, its sales so far have hit 336,892 units, which basically accounts for 68.8 percent of the US EV market. Elon Musk even replied to this tweet, saying that the market share is 69 percent.
Notably, this marks a sizeable 34.8 percent growth year-on-year in the second quarter and 29.7 percent year-on-year growth in H1 2023. Looking at the figures, the closest automobile maker after Tesla is GM, which only had a 6.5 percent market share. So it is clear that Tesla is still leading the market in the US with a massive gap between its closest rival.
The company is also a major player in the global scale and has plans to expand even further. In India, it is looking to set up a factory to sell its electric cars. However, its presence isn’t completely unchallenged. BYD has been eroding its market lead and beating Tesla in the Indonesian market, earlier this year.
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