U.S. EV Market Sees Significant Growth in 2023, Tesla Dominates

Electric vehicle registrations in the U.S. surged by 52% last year, with Tesla accounting for over half of the market share.

In 2023, U.S. electric vehicle registrations exceeded 1.1 million for the first time, marking a 52% increase from the previous year.
Tesla led the market with 642,496 new registrations, representing 56.2% of all EV registrations.
The market share of electric vehicles in the U.S. rose to 7.7% in 2023, up from 5.7% in 2022.
Rivian and Hyundai showed significant growth, indicating increasing competition in the EV sector.
Germany's plug-in car sales rebounded in January 2024, suggesting a positive trend in Europe's largest car market.