Tesla’s U.S. market share jumps 125% in the last 2 years

Tesla’s U.S. market share jumps 125% in the last 2 years

According to a StockApps analysis, Tesla grew its U.S market share from 1.2% in Q1 2020 to 2.7% in Q1 2022. That’s a 125% jump in its American foothold in the last couple of years.

In the first quarter of 2022, the company sold more than 310,000 electric cars across different automotive markets, representing a 68% increase from the previous year. Further analysis shows that Tesla is inching towards a 3% market share in the U.S. and Canada. On the other hand, its European market share stood at roughly 1.8%, while in China, it held 1.6% of the market. 

Tesla Model Y is in high demand in Texas and Germany. In fact, Tesla says the demand for this Tesla model exceeds its manufacturing capacity.

The company’s long-term goal is to establish a reputation in global automotive markets and increase the sale of electric cars, targeting a 50% increase annually.

You May Also Like

Legislation introduced to block Biden Administration EV mandates

A bipartisan coalition of Senators and House Representatives introduced Congressional Review Act legislation in the Senate and House.

Bipartisan-legislation-EV-mandates-1400

U.S. Senators Pete Ricketts (R-NE) and Dan Sullivan (R-AK) and U.S. Representatives John James (R-MI-10) and Russ Fulcher (R-ID-01) recently introduced bipartisan Congressional Review Act legislation in the Senate and House to block the Biden administration’s electric vehicle (EV) mandates. The Environmental Protection Agency (EPA) recently finalized new emissions regulations which would require up to two-thirds of new cars and nearly 40% of trucks sold in the U.S. to be electric vehicles (EVs) in eight years.

Toyota prepares for new EV SUV production at Indiana facility

Toyota’s Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and Lexus TX.

Toyota_IN_facility-1400
Hybrid vehicles are poised to gain market share, Cloud Theory finds

This expectation comes after the Biden Administration slashed EV adoption targets from 67% to 35% by 2032.

Hybrid-EV-Market-Surge 1400
The social dynamics powering EV adoption

The best predictor of a person driving an EV is someone in their inner circle driving one first.

EV-social-adoption-1400
European hybrid vehicle demand is on the rise

JATO Dynamics said the drop in consumer confidence in EVs has sparked a surge in demand for hybrid electric vehicles (HEVs).

HEV-stock-image

Other Posts

Do hydrogen car range records really matter?

The argument is not whether FCEVs can achieve longer ranges than BEVs, but whether it is needed.

highRes_bmw-ix5-hydrogen-hot-1400
2025 Toyota Camry to be exclusively sold as a hybrid

The 2025 Toyota Camry is expected to arrive at Toyota dealerships in late spring 2024 with a starting MSRP of $28,400.

2025_Camry_XSE_AWD
Pirelli P Zero R, P Zero Trofeo RS picked for Porsche Taycan restyling

Both tires feature the Elect marking on the sidewall, indicating a tire that suits the characteristics of EVs.

Pirelli-Porsche-OE
GreenPower launches EV Star Utility Truck for commercial fleets

The EV Star Utility Truck is purpose-built and fully customizable to fit a range of vocational applications and utility use cases.

GreenPower_Motor_Company-EV_Star_Utility_Truck