Tesla is crushing it in the EV space, maintaining a sizeable lead registrations in the US. However, the automaker is seeing more competition as data shows a 57 percent rise in overall EV registrations in September.
Tesla is using the early-mover advantage to its favor as it extends its lead in the global EV industry. However, it is facing increasing competition. This year alone, eight new EV models entered the US market.
This has caused Tesla to drop 2.8 percentage points to 65.4 percent in its share of new EV registrations in the US in September.
However, Tesla is still recording growth. According to data from Experian, Tesla’s new registrations grew by 50 percent in the first nine months of 2022. This means Tesla still dominates by a significant margin. (via Automotive News)
Competition from legacy automakers and startups grew by 71 percent in September. Twenty-two brands are piling the pressure on Tesla in the US.
EVs accounted for 5.2 percent of new registrations, compared to 2.8 percent a year ago.
Hyundai/Genesis came immediately behind Tesla, with 8.8 percent. Ford was third, with a 7.2 percent share.
The Tesla Model Y leads the pack with 156,455 registrations so far in 2022. The Model 3 comes second with 144,081. Ford’s Mustang Mach-E comes a distant third with 28,088.
Tesla is performing very well in Germany, too, thanks to the new Giga Berlin.