![]() Several Brands Still Lag on Becoming Electric Car Companies ![]() And Elon Musk can rest easy knowing his most expensive vehicle, the Tesla Model X, remains a hot seller, with 880 percent growth in sales at the end of 2022 – even as its autonomous driving tech remains MIA… The Chevrolet Bolt benefits from its aforementioned halt in sales in late 2021. Other brand new EV models, like the Lucid Air, sold nearly 1,000 units in the final quarter of 2022…but with no Lucid Air sales in 2021 we didn’t have a comparison figure to calculate growth. Most of these fastest-growing electric models sell in the thousands, but the GMC Hummer gets position number 2 with a mere 72 units sold in Q4 of 2022 – which is still far more than the single GMC Hummer sold in Q4 of 2021. Electric Vehicles Growing the Fastest in Sales in Q4 of 2022 Here’s a list of the electric vehicles with the highest growth rate in Q4 of 2022, along with their Q4 sales volume. While some brands are trying to carve out their place in the EV world with high-performance sports cars, highly-flexible EV pickup trucks, and even electric delivery vans, the most popular electric models with U.S. Which electric models are selling the best? As with traditional combustion engine vehicles, electric SUVs and crossovers are the most popular EVs across the car industry. Nissan, a past leader in EV sales with its once-popular (but now rapidly-aging) Leaf, only had 3,328 sales in Q4 of 2022, a drop of 20 percent from a year earlier. But that was on 140,000 sales, far higher than the second-place volume brand, Ford, at 23,000 sales. It’s also worth noting that two long standing electric vehicle companies, Nissan and Tesla, can’t show as much recent growth simply because they’ve already established a relatively high volume in EV sales, making it tougher to grow at the above rates.įor instance, Tesla, the overall market leader in total EV volume, only grew 30 percent in the last quarter of 2022. It’s interesting to note that two General Motors divisions, Chevrolet and GMC, lead the growth rate, though Chevrolet’s massive growth rate reflects halting Bolt sales in late 2021 to address a serious recall. *(Note: Reflects Chevrolet halting all Bolt EV sales in late 2021 for a recall, then restarting them) ![]() Electric Car Brands with the Highest Growth in Electric Vehicle SalesĪverage Increase in Electric Vehicle Sales Per Quarter, 2021-2022 Here’s a list of the top 10 electric car brands growing the fastest at the end of 2022, along with their average increase in EV sales for each quarter of 20. These companies have been joined by several traditional carmakers launching one or more new EV models in the last year. Other tech companies, like Amazon and Sony, are close to launching their own models. Tesla has long been a leader in this area, but several new EV brands, including Fisker, Lucid, Polestar, and Rivian, have entered the market in recent years. The other big element powering the growth of electric car sales is the increase in traditional and startup EV companies. Rapidly Growing Electric Car Companies and The Best-Selling EV Models A recent iSeeCars study saw electric vehicle sales growing the fastest in states like Mississippi, Hawaii, Utah, Maryland, and Wyoming. This increase in electric vehicle share comes from rising sales across the country, not just in states like California and New York, but throughout North America. ![]() That figure grew to 4.2 percent by the end of 2021, and to 6.4 percent by the end of 2022. ![]() Electric Vehicle Market Share Growth in 2021-2022, as a Percentage of Total Marketīack in the first quarter of 2021 EVs made up 2.7 percent of the car market. Let’s take a look at how electric vehicles are selling compared to traditional gasoline models by examining EV market share over the past two years. All this activity, even in the face of rising inflation, supply chain challenges, and volatile lithium prices, confirms the electric car is here to stay. ( iSeeCars) - After years of low-level simmering, the electric car’s presence in the automotive industry is set to boil over.īoth traditional and electric car manufacturers are rapidly expanding their EV model lines, widening consumers’ electric car choices while powering an ever-rising market share for EVs. ![]()
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