Tesla Dominance Slips as EV Sales Surge 49% in Record-Setting Third Quarter

Battery electric vehicles accounted for 7.9% of all new car sales in the U.S. in Q3 2022, up from 7.2% in Q2.

Over 300,000 new EVs were sold in Q3, a 49.8% increase from Q3 2021.

Tesla continues to dominate but its share of the EV market has fallen to 50%, the lowest on record.

Many automakers like Volvo, Nissan, Mercedes saw EV sales more than double versus a year ago.

BMW had the highest EV proportion of sales among mainstream automakers at 15.6% in Q3.