Summary
- Tesla outsold the next two EV makers combined by more than three times in the U.S. in 2024
- General Motors and Ford followed Tesla in second and third place for EV sales
- Q4 EV sales increased by 15.2 percent, reaching a record total of 1.3 million for the full year
- Hyundai, Kia, Rivian, and Honda also had significant EV sales in 2024
- Tesla’s Model Y and Model 3 were the top-selling EV models in 2024, with several other models also gaining popularity
Article
In 2024, Tesla’s sales in the U.S. surpassed those of the next two electric vehicle (EV) makers combined. Despite experiencing a year-over-year sales decline, Tesla sold 633,762 units, significantly more than General Motors (GM) and Ford, who came in second and third place with 112,897 and 97,865 EVs sold, respectively. Tesla’s dominance in the EV sector was attributed to its popular models, the Model Y and Model 3. While Tesla saw a decrease in sales from the previous year, overall EV sales in the fourth quarter increased by 15.2 percent, reaching a total of 1.3 million for the year.
The EV sector saw growth in 2024 with more models on the market than ever before. Besides Tesla, EVs from Hyundai and Kia gained significant traction, along with new offerings from Honda and GM. Out of the 68 models evaluated, 24 reported year-over-year sales increases, and 17 new models were introduced to the market. However, 27 models saw a decrease in sales volume, with models like the Chevy Bolt and Mazda MX-30 being discontinued. Despite the competitive landscape, Tesla continued to lead the market with popular EV models and a strong presence in the industry.
The top 10 EV sellers in the U.S. in 2024 included Tesla, GM, Ford, Hyundai, Kia, Rivian, Honda, Nissan, Mercedes-Benz, and Audi. The top-selling EV models in the U.S. for the year included Tesla’s Model Y and Model 3, along with models from Ford, Hyundai, Honda, Chevy, Cadillac, and Rivian. Tesla’s Model Y was the best-selling EV in 2024, followed by the Model 3, highlighting the company’s continued success in the market. The EV landscape in the U.S. is evolving with increased competition and new models entering the market, reflecting the growing demand for electric vehicles among consumers.
The increase in EV sales in 2024 marked a milestone for the sector in the U.S., with a total of 1.3 million EVs sold for the year. While Tesla continued to lead the market, other automakers like GM, Ford, Hyundai, Kia, and Rivian also showed strong sales performance. The growing adoption of EVs is driven by factors like technological advancements, environmental concerns, and government incentives. With more models offering improved range, performance, and features, consumers are increasingly turning to electric vehicles as a sustainable transportation option.
The variation in state adoption of EVs highlights the challenges and opportunities in the market. While some states have seen significant growth in EV sales, others lag behind due to factors like infrastructure development, charging networks, and consumer awareness. The top 10 EV sellers and models in the U.S. in 2024 represent a diverse range of automakers and models, showcasing the competitiveness and innovation in the EV sector. As the demand for electric vehicles continues to grow, automakers are investing in new technologies and expanding their EV offerings to meet consumer needs and regulatory requirements.
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