Tesla’s lead in the California electric-vehicle market has slipped this year. Its overall market share fell to 62.9% in the first nine months of 2023, compared to its 71.8% share the year before.
In the first nine months of 2023, electric vehicles accounted for 21.5% of cars sold in California. One out of every five cars sold in California is now powered by a battery, registration data released Wednesday by the California New Car Dealers Association shows.
California has long been a champion of electric cars, and Governor Gavin Newsom said he’ll phase out sales of new, gasoline-powered cars by 2035 as part of the state’s fight against climate change. Elon Musk’s Tesla Inc. was founded in the state, and the EV adoption curve has accelerated faster in California than in other parts of the country.That’s helped the state defy some of the gloom now facing the broader EV market.
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