Can Tesla Maintain Its Big Lead As Other Brands' EV Sales Surge?

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Can Tesla Maintain Its Big Lead As Other Brands' EV Sales Surge? via insideevs.com

, legacy automakers and startups saw a whopping 56 percent of EV sales growth from January to July 2022 in the US. That's a total of 22 brands accounting for nearly 135,000 registrations and combining to make up a 34 percent market share in the segment.included, grew by 55 percent year over year. As of July 2022, some 4.9 percent of new US vehicle registrations were for electric cars. Just a year ago, that number was 2.6 percent.

Tesla still has a massive lead over all other EV makers selling cars in the US. In fact, about two-thirds of all new EV registrations from January through July were for one of Tesla's four models. Meanwhile, since the beginning of 2021, other carmakers have launched about 15 new EVs, with eight of those coming to market in 2022 alone. It's important to note that while Tesla is the EV sales leader, it also dominates in the luxury segment as a whole.

Tesla's sales have grown some 55 percent year over year through July 2022, with nearly 260,000 registrations this year compared to about 168,000 last year during the same period.

 

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