spot_img
spot_img

Over 530,000 battery electric vehicles have been registered so far in 2022

Electric vehicle registrations in the US are up 57% through September as industry leader Tesla, legacy automakers, and startups ramp up production of EV models.

According to data from Experian Automotive (via Automotive News), Tesla saw a 50% increase during the period. Meanwhile, legacy automakers and non-Tesla startup EV registrations increase by 71%, with 183,750 registrations among 22 brands.

En masse, automakers have introduced nearly 15 EV models in the US since the start of 2021, according to EV subscription startup Autonomy. Eight have come in 2022 alone.

As a result, Tesla has seen its share of new-vehicle registrations drop to 65.4%, a decline of 2.8 percentage points through September. Autonomy predicts Tesla’s share of EV sales in the US will continue to fall, reaching below 50% in the first quarter of next year and about 40% by the end of 2023.

Total EV registration in the US numbered 530,577, accounting for a record 5.3% share of US light-vehicle registrations. That’s an increase from the 2.8% share a year ago.

Tesla had 346,827 new-vehicle registrations through September, up from 230,779 last year. The EV maker dominated both the EV segment and the entire luxury segment.

Hyundai Motor Group followed Tesla into the number two spot, with 46,597 new EV registrations, totaling an 8.8 percent share. Ford grabbed the number three spot, with 38,056 new registrations and a 7.2 percent share. Ford’s electric crossover, the Mustang Mach-E, had 28,088 registrations alone, making it the third-best-selling EV in the US during the period.

Mercedes-Benz and BMW both saw new registrations slip through September. BMW saw a 9.7 percent decrease with 236,513 vehicle registrations, while Mercedes –Benz saw a 3.9% drop to 204,120 light vehicle registrations.


Did you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

spot_img
CBT News
CBT News
For over 10 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

Related Articles

spot_img

Latest Articles

From our Publishing Partners