Trystan Casey
Electric vehicles are becoming increasingly popular, with a significant rise in sales over the last decade. In 2022, global sales of electric vehicles reached 26 million, and this figure is expected to grow. In the United States, California leads the way in EV adoption, with electric vehicles making up nearly 27% of new light-duty vehicle registrations in the third quarter of 2024. Colorado follows closely behind at 26%. While Tesla has dominated the EV market for several years, other automakers are catching up, and Tesla's market share is decreasing. In the first quarter of 2025, electric vehicles accounted for 7.5% of all new car sales in the United States, indicating a continued shift towards electrified transport.
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What You'll Learn
- Electric vehicles made up 1.4% of the roughly 292.3 million cars on US roads in 2024
- In Q1 2025, battery electric vehicles made up 7.5% of all new car sales in the US
- California led the US in EV market share in Q3 2024, with EVs making up 27% of new light-duty vehicle registrations
- Tesla's US EV market share was 43.4% in Q1 2025, down 9% year-over-year
- In 2022, electric and hybrid vehicle sales grew massively, with completely electric vehicles rising by 83% year-over-year
Electric vehicles made up 1.4% of the roughly 292.3 million cars on US roads in 2024
Electric vehicles (EVs) are becoming increasingly popular in the United States, with sales trending upwards over the last decade. Despite this, in 2024, electric vehicles made up only 1.4% of the roughly 292.3 million cars on US roads. This figure represents a cumulative total of sales over the years, with the number of electric vehicles on the road increasing annually.
While the EV market is growing, it still faces challenges. One issue is the cost of electric vehicles, which tend to be priced higher than traditional gas-powered cars. This is reflected in the fact that approximately two-thirds of electric car owners earn more than $100,000. Additionally, the longevity of conventional vehicles, which last around 16 years on average, means that transitioning to EVs will likely be a gradual process.
Despite these challenges, there are positive signs for the EV market in the US. In 2024, 9.2% of all new car registrations were for electric vehicles, according to an Experian Automotive report. This figure represents an increase of 1.2 percentage points from 2023. California, a state that encourages the use of electric cars, led the US in market share in the third quarter of 2024, with electric vehicles making up nearly 27% of new light-duty vehicle registrations. Other states, such as New York, Washington, Florida, and Texas, have also seen significant increases in electric vehicle usage.
The growth of the EV market is also evident in the performance of individual automakers. Tesla, the longest-running pure electric brand, has topped electric car sales in the US, delivering about 114,000 vehicles in the first quarter of 2022. However, Tesla's market share has decreased as other automakers have entered the market, introducing more options for consumers. General Motors, Ford, and the Hyundai Group are now closing in on Tesla in US EV sales, with General Motors nearly doubling its EV sales since Q1 2024.
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In Q1 2025, battery electric vehicles made up 7.5% of all new car sales in the US
Electric vehicles (EVs) are becoming increasingly popular in the United States, with nearly 300,000 sold in the first quarter of 2025. This represents a year-over-year increase of 11.4%, with roughly 7.5% of total new vehicle sales in the first quarter being electric vehicles. This is an improvement on the previous year, which saw electric vehicles make up 7% of total new vehicle sales.
While the EV market in the US is growing, it still faces challenges. Automakers are dealing with tariff-related headwinds and the impact of new auto tariffs, particularly on steel and aluminium, which are essential for EV production. Despite these obstacles, new models from Acura, Audi, Chevrolet, Honda, and Porsche are helping to drive higher sales. General Motors (GM) has also contributed significantly to the growth of the EV market, with a strong performance in Q1 2025, nearly doubling its output from the previous year. Chevrolet alone sold 19,186 electric vehicles, a 114.2% increase from the same quarter last year.
Porsche recorded the highest EV growth rate of any brand, with sales up 249% thanks to the new Macan Electric. However, Tesla, the dominant player in the US EV market, experienced a decline in sales in Q1 2025. Delivering 128,100 vehicles, Tesla saw a 9% drop compared to the previous year. Despite this, Tesla still holds a significant 43.5% share of the US EV market, nearly half of all electric cars sold in the country.
The US EV market is expected to continue to grow, with electric vehicles becoming more mainstream and new models being introduced. However, the rest of 2025 may be volatile for EV sales due to potential challenges, such as tariff-related issues and supply chain disruptions. Overall, the increasing sales and market share of electric vehicles in the United States reflect a global trend towards electrification, with global sales of electric cars expected to surpass 20 million in 2025.
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California led the US in EV market share in Q3 2024, with EVs making up 27% of new light-duty vehicle registrations
California has been making significant strides in the adoption of electric vehicles (EVs). In the third quarter of 2024, California led the nation in EV market share, with electric vehicles accounting for nearly 27% of new light-duty vehicle registrations. This translates to approximately 2,113,135 EV sales in California during that quarter, a remarkable achievement.
California's leadership in the EV market is not an isolated incident. The state has consistently encouraged the use of electric cars, and its efforts have resulted in impressive milestones. By August 2024, California had installed over 150,000 public and shared private EV chargers, with more than 500,000 private home chargers across the state. This infrastructure support has played a crucial role in the increasing adoption of EVs.
California's commitment to the EV sector is further demonstrated by its allocation of federal funds. In September 2024, the state awarded $32 million to install and maintain 458 direct-current fast chargers along interstates and highways. This enhances the reliability and accessibility of EV charging for drivers throughout California.
The state's dedication to the EV market has positioned it as a leader in the nation. California accounted for 30.3% of the US EV market in the third quarter of 2024, showcasing its significant contribution to the overall EV sales in the country. This trend underscores the growing consumer preference for EVs, even in challenging market conditions.
While California has made remarkable progress, it is important to acknowledge the broader context of the EV market in the US. In 2024, 9.2% of all new car registrations were for electric vehicles, indicating a gradual shift towards electrification. However, the EV market share varies across different states, with California, Colorado, Washington, and the District of Columbia surpassing 20% in Q3 2024.
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Tesla's US EV market share was 43.4% in Q1 2025, down 9% year-over-year
Electric vehicles (EVs) have gained popularity over the last decade, but their acceptance needs to be more consistent. In 2024, 9.2% of all new car registrations were for electric vehicles, according to an Experian Automotive report. This is an increase of 1.2% from 2023. In 2022, electric car sales increased by 5% as multiple new electric models reached the market. However, electric cars haven't found stable footing in the market and still lose to traditional gas-powered automobiles.
Tesla, the longest-running pure electric brand, tops electric car sales in the United States. In Q1 2025, Tesla's US EV market share held steady at 43.4% or 43.5%, but sales were down 9% year-over-year. Tesla remains the dominant player in an increasingly crowded field. According to analyses by Cox Automotive, Tesla sales accounted for 49% of all EVs sold in the US in 2024, down from 55% in 2023, and 62% in 2022. At the start of 2022, Tesla had a 75% EV market share in America.
Tesla's sales peaked in the US in the spring of 2023 when it pushed more than 173,000 EVs onto the roads, and its share of the total US auto market hit 5%. In Q1 2025, Tesla sold 128,000 EVs, down 26% from its peak, with a market share of around 3%. In 2024, Tesla's market share was 45.2%, down from nearly 80% in 2019.
General Motors, Ford, and Hyundai Group are closing in on Tesla in US EV sales. In Q1 2025, General Motors sold more than 30,000 EVs, nearly doubling the volume from a year ago. Ford's EV sales were up slightly, and BMW sold even more electric cars in the US in Q1 2025. Honda and Acura added more than 14,000 EVs to the US market in Q1 2025, up from zero a year ago, due to a short-lived partnership with GM.
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In 2022, electric and hybrid vehicle sales grew massively, with completely electric vehicles rising by 83% year-over-year
Electric vehicles have gained popularity over the last decade, and this trend continued in 2022, with electric and hybrid vehicle sales growing massively. In that year, completely electric vehicles rose by 83% year-over-year, and multiple new electric models reached the market. Despite this, electric cars still only accounted for 5.8% of new car sales in the US in 2022, up from 3.2% in 2021.
In 2022, hybrid, plug-in hybrid, and battery electric vehicles (BEVs) made up 12.9% of total new light-duty vehicle sales in the US, rising to 16.3% in 2023. Electrified powertrains continue to see rapid growth, although the electric-only segment is growing more slowly. This is partly due to the higher cost of electric vehicles, which has been a barrier to stable market footing. Purchase incentives, such as tax credits or refunds, have been criticised as mainly benefiting wealthier buyers who can afford the high cost of a new electric car.
Tesla, the longest-running pure electric brand, has led electric car sales in the US. In the first quarter of 2022, Tesla delivered around 114,000 vehicles, frequently outselling established gasoline-powered cars. However, Tesla's market share has been decreasing as more automakers enter the market and introduce rivals for customers to choose from. In 2022, Tesla's US EV market share was 62%, down from 75% in the first quarter of that year, and 55% in 2023. In Q1 2025, Tesla's market share was 43.4%, with sales down 9% year-over-year.
California has led the US in EV market share, with electric vehicles making up nearly 27% of new light-duty vehicle registrations in the third quarter of 2024. California is one of many states encouraging the use of electric cars, and there has also been a significant increase in electric vehicle usage in New York, Washington, Florida, and Texas. As of 2024, California could expect to see 4 million electric vehicles on the road in years to come.
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Frequently asked questions
Electric vehicles made up 7.5% of all new car sales in the US in the first quarter of 2025. This is up from 7% in the first quarter of 2024.
Tesla leads the electric vehicle market in the US, with 43.4% of the EV market share in the first quarter of 2025. However, its sales are down 9% year-over-year, and other companies such as General Motors and Ford are catching up.
There were around 292.3 million cars on the road in the US in 2024, 1.4% of which were electric vehicles. This equates to around 4 million electric vehicles.
