According to the latest data released by Kelley Blue Book, Tesla Model Y sales accounted for more than one-third of all electric vehicle sales in the United States in the first quarter of this year.
Overall, although the growth rate of the U.S. electric vehicle market slowed down in the first quarter, Tesla, as the market leader, still has sales far ahead of its competitors. Data show that Tesla’s total sales accounted for 51.3% of the entire electric vehicle market, while Model Y alone accounted for 35.4% of the market, with 96,729 units sold.
The Tesla Model 3 follows with 11.3% market share. Next in order are the Ford Mustang Mach-E (3.5%), the Rivian R1S (2.9%) and the Ford F-150 Lightning (2.8%).
However, first-quarter EV penetration in the U.S. auto market was 7.3%, down from 8.1% in the fourth quarter of last year and the full-year average of 7.6%.
“U.S. electric vehicle sales declined in the first quarter of 2024, marking the first quarter-over-quarter decline since the second quarter of 2020,” said Stephanie Valdez Streaty, head of industry insights at Conkers Automotive.
Tesla captured more than half of the U.S. electric car market last year with the Model Y and Model 3. Looking around the world, Model Y will become the world’s best-selling car in 2023.
Attached are the top ten best-selling electric vehicles in the United States in the first quarter:
Tesla Model Y – 96,729 units; 35.4%
Tesla Model 3 – 30,842 units; 11.3%
Ford Mustang Mach-E – 9,589 units; 3.5%
Rivian R1S – 8,017 units; 2.9%
Ford F-150 Lightning – 7,743 units; 2.8%
Chevrolet Bolt EV/EUV – 7,040 units; 2.6%
Hyundai IONIQ 5 – 6,822 units; 2.5%
Volkswagen ID.4 – 6,167 units; 2.3%
Cadillac LYRIC – 5,800 units; 2.1%
Tesla Model X – 5,607 units; 2.1%
