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

Michelin puts $300M into Canadian EV, sustainability endeavors

The investment will, in part, allow for the installation of new technologies needed for manufacturing EV tires.


Michelin has announced a $300 million investment into its Canadian operations to accelerate sustainable mobility and improve its environmental footprint. The investment will see the installation of new technologies and equipment in Michelin's three Nova Scotia production facilities to respond to market evolution, including manufacturing tires for the growing electric vehicle (EV) segment; larger rim size tires for passenger and light truck vehicles; and improved fuel efficiency for commercial trucks. In addition, the electrification of key parts of the manufacturing process will reduce carbon emissions at the plants, the company says.

Mullen to begin Class 3 EV production at Mississippi plant

Mullen has partnered with NRTC for assembly line installation, which includes robotics and automation systems.

Volvo Trucks starts hydrogen truck tests on public roads 

Volvo Trucks’ fuel cell electric trucks will be available in the second half of this decade.

Mitchell report highlights an increase in EV collision claims

Refinish time for EVs is nearly an hour more than for ICE automobiles, which adds to insurance claim costs.

Frito-Lay to deploy 700 electric delivery vehicles before 2024

Frito-Lay says zero- and near-zero-emission vehicles are a key step in achieving its net-zero emissions goal by 2040.


Other Posts

Ford EV maintenance and repair opportunities

The maintenance schedule of the Mach-E is built around 6- and 12-month inspections of components and fluids.

Genesis EVs are now for sale in 7 more states

The brand’s three-model EV lineup now available at select retailers in 22 states.

Tesla to recall over a million vehicles in China

Tesla says it plans to repair the vehicles via an over-the-air software update.

Ryder to add 4,000 BrightDrop EVs to rental, lease fleet

The Zevo 600 and Zevo 400 electric vans boast a range of up to 250 miles on a full charge.