Tesla still sells more electric cars in the US than Ford, Chevrolet, Hyundai, Kia, Audi, BMW, Chevrolet and Toyota combined

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Wait, Tesla still sells more electric cars in the US then every other car manufacturer combined. The company accounted for 55% of US EV sales in the first quarter.

First, let's look at some graphs. Then I will discuss this with the editors.

These first four charts show the share of the US EV market that different car groups and different car brands had in the first quarter of 2024.

As you can see there, Tesla's market share of 55.2% cannot be compared to anything else. It's hard to highlight other companies considering how far behind Tesla they are. However, if Tesla is excluded, Ford is the standout leader, with an 8% share of the US EV market last quarter. If we combine Hyundai and Kia, we get another 7.3% of the US EV market. These companies (Ford, Kia and Hyundai) account for a third of the non-Tesla EV market. Apart from these three, you have GM, Rivian and Volkswagen Group above 5% – 6.5%, 5.3% and 5.2% of the market respectively.

On to the model sales.

This chart makes it even harder to look beyond Tesla and be positive. Tesla is simply selling so many more units of the Model Y and Model 3 that it's hard to believe the other automakers are trying.

But if you want to separate the leaders from the rest, you have good performance from the Ford Mustang Mach-E and the Ford F-150 Lightning. Good on Ford.

Overall, we can see electric vehicle sales in the US continuing to rise strongly. Yes, there was a slight decline in the first quarter of 2024 compared to the first quarter of 2023, but that was because Tesla sales fell slightly (note that Tesla attributed this to pausing the Model 3 production line to the new “Highland” version of the Model 3. Compared to the first quarter of 2022, EV sales have increased dramatically.

Yes, that's a 71% growth in the first quarter of this year compared to the first quarter of 2022 (and a 4% decline year-over-year).

The problem is how much the US EV market depends on Tesla sales. If Tesla sales increase, electric vehicle sales in the US will certainly increase. If Tesla sales fall, discussions could evolve quickly. The American market has diversified and should continue to do so by selling more and more electric vehicles.