Americans bought almost twice as many electric cars in the first quarter of 2022 as they did in the first quarter of 2021. Here's the leaderboard for Q1.
Americans bought almost twice as many electric cars in the first quarter of 2022 as they did in the first quarter of 2021, according to the latest data from Kelley Blue Book. Electric vehicles made up more than 5% of total car sales for the first time.
Tesla has the home court advantage Tesla TSLA continued to dominate the segment. About 75% of EVs sold between January and March were Tesla products. Its Model Y SUV and Model 3 sedan made up 68% of the market by themselves. No non-Tesla EV has come anywhere close to the mindshare the now-Texas-based company commands. But Americans are growing more aware of alternatives. That could mean Tesla is in for a tougher fight than it has seen before.The Hyundai Ioniq 5, for instance, recently won the 2022 World Car of the Year title. With unconventional styling reminiscent of a car from an 8-bit videogame and pixelated headlights, it brings an offbeat attitude to the fight.
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