US Electric Vehicle Market Growing, Yet Tesla Still Dominates

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We don't have US sales data for all electric vehicle models, since automakers don't break out sales of electric and non-electric versions of the same model (example: gas-powered Hyundai Kona sales and Hyundai Kona EV

We don’t have US sales data for all electric vehicle models, since automakers don’t break out sales of electric and non-electric versions of the same model . However, increasingly, automakers are rolling out standalone electric models and phasing out the former electric models that shared a name and body style with gas-powered siblings. As a result, US EV sales reports are getting more interesting again.

The Ford Mustang Mach-E broke the 10,000 marker last quarter! Well, that would be more exciting if it was a monthly total rather than a quarterly one, but at least production and sales are growing. The Mach-E deserves to see 40,000+ sales a quarter in my opinion, but if it is ever going to get to that level, it’s clearly going to take a while.

Then you’ve got the Kia EV6 — same story as the IONIQ 5, more or less. I see more of the EV6 in my area and do favor its look slightly over the look of the IONIQ 5, but the core thing I think about when I see it is that it’s one model in a fleet of fun, compelling new EVs that are helping to truly bring EVs to the mainstream.

 

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TroyTeslike that's a little different than your numbers. $TSLA US numbers are down in the second quarter?

Tesla has 4 regularly produced models out. They make up HALF of the top 8 EVs. 8, 4, 2, and 1. 🤖🧡

Looking forward for BYD to break into the market.

Not 'yet'... you mean 'and' Tesla dominates

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Morgan Stanley says the 'smart' EV industry is tech's next big thing. Here are its top stock picksElectric vehicles are becoming more popular, and the market is set to reach $287 billion by 2025, the investment bank said in a recent report.
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