Tesla gains a key position in the electric vehicle market with a 75 percent market share

Tesla gains a key position in the electric vehicle market with a 75 percent market share ...

According to the most recent information from the California-based vehicle valuation and automotive research firm Kelley Blue Book, Tesla has the lions share with a 75 percent market share in the electric vehicle market in the first three months of 2022.

Tesla has dominated the electric vehicle market for years in the United States. Tesla produced 79 percent of the new electric vehicles in 2020, and 69,95 percent in 2021. The decrease in the market share in 2021 might be explained by backlogs and the worldwide chip shortage, but the company is increasing its sales and has already increased its market share to 75 percent in the first quarter of the year.

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Model Y and Model 3 are the most popular electric cars in the United States, according to the latest registration statistics.

Top 10 EVs sold in the US

According to Kelley Blue Book, the top ten electric vehicle sold in the United States in the first quarter of 2022 are;

Tesla acquired 310,048 vehicles in the first quarter of 2022, putting another first quarter record. Tesla now has three electric automobiles in the top 10 most selling electric vehicles in the United States, while no other manufacturer has even two different models on the list.

The difference between the third and the fourth place is significant. Tesla sold 43,707 Model 3 automobiles in the first three months of the year, while Ford sold only 6,734 Mustang Mach-Es.

Teslas success is significant as theGiga Shanghai manufacturing facility was hampered by the closure of the three-month period due to the increase of COVID-19 infections. The company is also dealing with ongoing supply chain difficulties, as well as other automakers in the industry.

The worldwide electric vehicle market is different from the US market in 2021. Tesla''s global market share was 13,84 percent, followed by Volkswagen, who achieved a market share of 11,28 percent.

In 2021, Volkswagen closely followed Tesla''s market share in the global EV market with a market share of 11,28 percent, compared to the latter''s 13,84 percent.

Tesla''s goal is to generate up to 1.5 million vehicles in 2022. It plans to begin production on its other vehicles by 2023, including the long-waited Cybertruck, Semi, and Roadster.

Despite rising competition in electric vehicles, electric vehicles represent 5% of the total automobile market, and this is a sixth event in the United States.

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