EV Sales Hit Record High in Q3 as Affordable Models Gain Traction

EV sales in the US hit a new record of over 313,000 in Q3 2022, up nearly 50% from a year ago.

Tesla's market share of EV sales dipped to 50% in Q3, its lowest on record, down from 62% a year ago.

Total EV sales in 2022 are on pace to top 1 million in the US for the first time.

The average price of EVs dropped to $50,683, down from $65,000 a year ago, but still above gas cars.

EV market share hit a record 7.9% in Q3, up from 6.1% a year ago, but more affordable EVs are needed.