Despite feisty competition, Tesla nets the lion's share of 2022 electric car sales in America with Model 3 and Model Y to blame
According to the Kelly Blue Book rankings, Tesla still commands the lion's share of the US market for electric cars. With the most electric vehicles on sale in the US - the Model 3, Model Y, Model S, and Model X - it now accounts for 75% of EV sales in America, despite the increased competition. VW's Audi brand is next with three models, followed by sixteen other legacy carmakers and EV startups with two or even one electric vehicles, for more than 30 EV models available to buy in the US right now.
"In the first quarter of 2021, Americans bought 18 different EV models. In the first three months of this year, they bought 32 different models. We expect there to be at least 50 for sale by the end of 2022," says the Kelly Blue Book report, accounting for all the different model versions. Another overall achievement was that EV sales hit 5% of the total for the first time in the first quarter of this year. Tesla's Model 3 and Model Y alone accounted for 68% of those sales.
Those are Tesla's bread-and-butter models as they have standard range versions which now come with cheaper LFP batteries inside. Apart from grabbing the lion's share of the 2022 US EV market, Tesla is also the most profitable among its peers, with a US$10,000 profit margin per car on average.