See how the U. 0% of US auto sales in Q3, down slightly from Q2 2024, when the share was 7. According to estimates from Wards Intelligence, 78. What is each company's EV market share? Here are the latest EV market share percentages, from 2024 and through February 2025, according to Edmunds data. 1% And 1. EVOLVING MARKET SHARE OF POWERTRAINS: 2016 - 2025 From 2016 through 2025 (Q1) , traditional internal combustion engine (ICE) market share steadily declined. 6% share, Chevrolet’s 6. China’s annual EV sales are set to surpass total US new vehicle sales of any type in the next year. in Q1 2025. 1% during 2025-33. 4% From 2024-2032. See top brands, EV leaders, sales rankings, and key trends shaping the American. 86% to reach USD 211. 2% in Q1 2025, while non-Tesla BEV sales soared by 47%. Tesla led the way in EV market share hitting 48. China is now at 30% EV market share, while Norway is at … EV adoption is rising, and new sales data proves it’s not slowing down. 1% in Q4 2024 to 44. Read the full Q3 2024 Get Connected … Electric vehicles (EVs) adoption by state In 2023, California dominated the U. Definition The Electric Vehicles market encompasses all motor vehicles Also, I'd argue that much more of the decrease in market share that American carmarkers have seen over the past few decades have been due to them half-assing quality, not due to … General Motors had a strong 2024, growing U. The electric vehicle (EV) market reached 1. EV market reached a record (Passenger Car) 1. —The Alliance for Automotive Innovation has released its Get Connected Electric Vehicle Report Q1 2025 which summarizes EV sales and purchasing trends across all 50 states. 2023, by market share Revenue of the e-commerce industry in the U. 52 million units sold in 2024, accounting for about 8% of total new light-duty vehicle sales, up from just 4. Honda Motor Co. Driven by incentives, improved affordability, and … In Q2 2025, Tesla has once again cemented its market leadership in the U. One notable takeaway from the report: “GM drives EV growth while Tesla … EV sales jumped 28% globally in H1 2025, led by China and Europe, while US growth stalls ahead of looming EV tax credit cuts. Electric car sales continued to increase in the United States although growth was about one-quarter that of the previous year. Year-over-year, EV market share rose by 0. General Motors has officially become America's second-best-selling EV maker behind Tesla, pushing Hyundai Motors Group into the third spot. China leads, Europe surges, but US growth lags amid policy headwinds. The EV Market Monitor gauges the health of the new and used electric vehicle (EV) markets by monitoring sales, inventory and pricing. 9% share of total … United States Electric Car Market size is projected to grow USD 313. 3 percentage points from Q1 2024 to Q1 … EV manufacturers are producing vehicles both domestically and globally. sees a slower rise. Meanwhile, Tesla’s BEV market share slipped from 45. sales (3. Indeed. China dominates the global EV market, with over half of vehicles sold there now electric. U. … E-commerce as share of total retail sales worldwide 2021-2027 Biggest online retailers in the U. 9% revenue share as of 2024. Electric Vehicles Market Trends The U. Emerging markets, meanwhile, are growing rapidly due to sales from Chinese automakers. As documented by the International Energy Agency (IEA), in 2024, electric vehicle (EV) sales in the United States exceeded around 1. 5 billion for EV charging stations, fostering both urban and rural development. The latest data from Cox Automotive has revealed the best-selling electric vehicle (EV) brands in the U. The tax credit for new plug-in electric vehicles is worth US$2,500 plus US$417 for each kilowatt-hour of battery capacity over 5 kwh, and the portion of the credit determined by battery capacity cannot exceed US$5,000. Discover its importance, key formulas, and growth strategies. : monthly BEV and PHEV market share 2011-2025 Monthly battery-electric and plug-in hybrid electric vehicle market share in the United States from January 2011 to September 2025 A review of the year-over-year changes in market share for both the total EV and EV-minus-Tesla markets reinforces the conclusion that the second is out-performing the first (see Figure 3). 5 Billion in 2024 to reach USD 1,895. 5% market share amid economic challenges and policy shifts. US Electric Vehicle Market Size is Valued at USD 47. What’s fueling these … Tesla remains the largest EV brand in the US but has lost some ground: while GM gained over six percentage points in market share (with Honda, Stellantis and VW also posting EV gains), Tesla lost a … U. It increased 7% over 2023, or by nearly 89,000 … US EV registrations rose 7% in 2025, reaching a 7. 15 Billion by 2032, Growing at a CAGR of 25. The United States electric car market size was valued at USD 92. is projected to grow significantly, reaching an estimated value of USD 201. , Hyundai Motor Company, … EV Market Share In Q2 of 2024, with more automakers joining the EV market, Tesla’s EV market share dipped below 50% for the first time since the end of 2017. … Following Tesla in EV sales was Hyundai Motor, including Kia, at 9. 7% year over year. 2019-2029 What is each company's EV market share? Here are the latest EV market share percentages, from 2024 and through February 2025, according to Edmunds data. U. This shift indicates a broadening of the competitive … Introduction In this guide, we serve you the latest facts, figures, and forecasts about the electric vehicle and EV charging market and its predicted growth for 2026 and beyond. electric vehicles market accounted for an 81. This graph shows the market share of browsers worldwide based on over 5 billion monthly page views. 8 Billion by 2033, at a CAGR of 26. Sales in the US are slowing and face uncertainty due to policy changes, while some emerging … Need-to-know insights on the electric vehicle industry, including analysis on global EV market share, electric vehicle sales, and EV forecasts by country. 29 Billion in 2024 to reach USD 247. Tesla dropped further to … EVs represent 9. 4 Billion by 2034, from USD 94. Support CleanTechnica's work through a Substack subscription or on Stripe. 3% share, as the company edged out the closest challenger, Toyota, by an overwhelming lead of 18. 6 percent of new light-duty vehicle sales in Q1 2025, down from 10. EV sales are expected to exceed 1. BEVs accounted for 80% of EV sales in the US in 2022. 83 Billion by 2033, at a CAGR of 11. California had the highest EV market share in 2023 with a 26. 4%. These figures are drawn from the Kelley Blue Book EV Sales Report, which also breaks down the market by brand and model. Global top-selling light-duty plug-in electric vehicle regional or country markets as of December 2021 Comparison of plug-in electric car ownership per capita in selected top selling countries and regional markets as plug … Country Insights U. Learn how to calculate market share with proven formulas, real examples, and strategic insights to benchmark performance and gain a competitive edge. EV Charging Market achieved a worth of USD 941. Global EV sales hit 10. 5% in Q3 2025, a new record high. For anyone interested in where the EV industry is really headed, the Electric Vehicle Outlook 2025 is a must-read. 90 billion in 2025 and anticipated to grow to USD 221. In 2016, ICE … Electric vehicle (EV) sales volumes reached new global heights in September, but which brands and carmakers were out in front? Tracks the Usage Share of Search Engines, Browsers and Operating Systems including Mobile from over 5 billion monthly page views. . 8 Billion in 2024, at a CAGR of 12. 5%, according to Motor Intelligence. 6 … In the wake of the 2024 presidential election, the future of the United States’ electric vehicle market is uncertain. Ltd. Tesla’s many issues do not require a full rehashing here: Suffice it to say, the … For some rough context, data from the U. S. 5% share of the US EV market was the only other share above 5%. 4%) and share of the EV market (44. 49 Billion in 2023 and is Projected to Reach USD 364. Global EV Outlook 2025 - Analysis and key findings. It’s time for another quarterly US EV sales report. 6 billion in 2025 to USD 439 billion in 2034, at a CAGR of 13. In 2023, Tesla's EV market share was 55%, dropping from 65% in 2022. and … The global electric vehicle market size was estimated at USD 1,328. 10 million by 2030 The growing EV adoption in countries, such as the U. Tesla, although continuing to be the dominant player in the US EV market, saw its market share slightly decrease from 52% in 2022 to 46% in 2023. This dominance can be attributed to several factors, such as government … Market share denotes the size of a company in relation to its market and its competitors by comparing the company’s sales to total industry sales. The electric vehicle market presented a mixed bag of results in January, with new EV sales volume down but market share hitting a record high, and the used EV market continuing its steady growth. Tesla struggles as BMW, MG, and BYD gain ground. Global volumes are expected to reach 40. Anyway, after Tesla’s 43. Although the global share of electric mobility is still small, the EV fleet is expanding quickly. 7% for the full 2024 year and was at 44. California and the US as a whole can continue seeing strong EV sales growth, just as other places have. sales and market share with a redesigned portfolio of both electric and gas-powered vehicles. 08 billion in 2024 and is projected to grow at a CAGR of 32. 1% from 2025-2033. In 2022, the U. 7%) have both declined year-to-date in 2025. 9 million units in 2023. Tesla’s share of US electric vehicle sales slid below 50 per cent for the first time, as the world’s largest EV maker faced increased competition in its domestic market. 7 million in 2025, up 27% YTD. EV market share was 10. Tesla’s 46% market share in Q1 2025 represents a continued decline from its … et share In the first quarter of 2025, automakers sold 374,841 electric vehicles (EVs, including battery, plug-in hybrid, and fuel cell electric vehicles) in the United States, representing 9. 0%, twice the percentage … The US electric vehicle market size was estimated at USD 131. Among EV categories, compact SUVs led with a 5. When California is excluded, the EV sales share of total LDV sales in ZEV states was around 12. EV market with 323 registrations per 10,000 residents. compares to global markets in 2025. 32 billion by 2029. In terms of volume, more than 1. Environmental Protection Agency’s Automotive Trends Report shows that EV sales shares have grown at a faster rate than sales shares of conventional hybrids that … This slight increase in the electric and hybrid vehicle market share was driven primarily by hybrid electric vehicle (HEV) sales, which increased by 30. Ambitious policy announcements have been critical in stimulating the electric mobility transition in major vehicle markets. California and Section 177 state EV market share (removing EV-only manufacturers): Learn more: It’s gonna take a miracle: California and states with EV sales requirements. EV sales volume climbed sharply to a new high of 437,487 fully-electric vehicles sold. with a huge 40. Another notable trend is Tesla EV market share dipping below 50%. Tesla continues to perform well in total market share, while hybrid and non-Tesla manufacturers are … Electric Vehicle Market Looks Headed for 22% Growth This Year BloombergNEF sees a slowdown in 2024 giving way to acceleration the following two years, when a slew of cheaper models are slated to The recently enacted Bipartisan Infrastructure Law allocates $7. EV sales in 2025 reveal a mixed global picture: Europe’s electric car market is booming with a 34% increase, while the U. 4% in the fourth quarter. The overall EV … For 2025, EV Volumes projects 22. Significantly, outside of these three major markets, there was a record increase in sales of nearly … Q4 of 2023 witnessed an unprecedented milestone in EV sales, with both volume and market share reaching record highs. For the year, GM expanded … Tesla is the leading producer of plug-in electric vehicles globally. 7 million units by 2030, representing a … Source: BofA Global Research Ford and GM are both projected to reach 14% EV market share in the US, while Stellantis, which has been slower than its rivals, is expected to … Includes battery electrics and plug-in hybrids. Explore the 2025 US car market share by automaker. EV Market 2025: Strong Growth with Positive Outlook The first quarter of 2025 showed robust growth for the US EV market, with sales increasing significantly compared to the previous year. Learn more. 3 Million Units, Fueled By Growth From New Contenders Like Ford, Hyundai, And Honda Categories: News Tags: Tesla, Chevrolet, Hyunda Tesla has dominated the EV market in California, but its market share has been in clear decline since 2024. 8% points. 7% In these countries, electric cars account for a large share of local car markets: more than one in three new car registrations in China was electric in 2023, over one in five in Europe, and one in ten in the United States. The EV pioneer’s share of total U. Europe remained the most important export market for Chinese-made electric cars, but weakening demand, reluctance of European consumers to buy Chinese EV brands and new countervailing duties in the European Union … Cox Automotive is also expected to unveil its 2024 EV Sales report in the coming weeks, which should shed light on many of the automakers that have not shared market-specific figures. 3% of EV market share; General Motors at 8. 9 percent in Q4 2024 (a 59,000 vehicle drop). EV Sales Hit 8. 4% sales share. … The global electric vehicle (EV) market recorded double-digit growth across 2024, but which carmakers sold the most plug-in models? Washington, D. 5% from 2025 to 2030 EV Market Share on the Rise EV adoption in the U. 1 million sales and a 24% share, supported by resilient demand in China and emerging markets. us Scoop, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Electric Vehicle Market size estimated to reach USD 95. 6 million vehicles, claiming more than 10 percent of the total light-duty vehicle market. 56 million EV sales and a 10% sales share of all light-duty vehicles in 2024. Open database showing the adoption of battery electric cars regarding sales volume and market share. A report by the International Energy Agency. The US electric vehicle market did grow in 2024. 29 million, with an anticipated growth to USD 8851. Tax credits, a pivotal US electric vehicle market driver, play a crucial role in … Worldwide: In ****, the revenue in the Electric Vehicles market is projected to reach a staggering US$*****bn worldwide. Google Finance provides real-time market quotes, international exchanges, up-to-date financial news, and analytics to help you make more informed trading and investment decisions. The … Top 10 best-selling EVs in the US of 2024 (*Kelley Blue Book estimates) With over 15 new EVs expected to hit the market, Cox Automotive expects EV sales in the US to continue climbing in 2025. C. By 2024, a third of automakers ofered at least nine EV models, but most … Market. 2 million EV registrations happened in the … In the end, plugins represented 25% share of the overall auto market (17% BEV share alone), pulling the YTD numbers to 21% share (14% BEV). 50 billion in 2025 and grow at a CAGR of 17. In 2022, Tesla captured over 50% of the US EV market. Due to a shifting … North America Electric Vehicle Market in the U. 6% in 2021. 3 million by 2030. 9% of total BEVs sold in the United States in 3Q24 … The electric vehicle market share landscape in the United States reflects a maturing industry with increasing competition and consumer choice. 46 billion by 2032 with steady CAGR of 12. has been relatively sluggish compared to the EU and China, though this is beginning to change as automakers roll out more electric SUVs and … The United States electric vehicles market size reached USD 186. The market is expected to grow from USD 139. 3 billion in 2024. Changes in tariffs and purchase incentives are expected under Donald In terms of scale, the U. 6%. … The EV Market Monitor gauges the health of the new and used electric vehicle (EV) markets by monitoring sales, inventory and pricing. Learn how to calculate market share using revenue, sales volume, or customer base. Its Model 3 has become the world's best-selling all-electric vehicle model. 7%; and then Ford Motor at 7. The Global EV market is likely to face headwinds in 2026, but the outlook for the clean technology is still positive. The global electric car market share has taken a … U. Americans purchased … Longer term, the forecast calls for the EV market to reach 26% retail share by 2030, which is approximately half of the market share the Biden administration targeted in its climate agenda. The United States Electric Car Market is expected to reach USD 109. 7%. 2% share and Ford’s 7. Fully electric vehicles (BEVs/EVs) accounted for 7. sdrqwlqgy
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