EV Sales Soar 50% in Q3 as Tesla Market Share Slips and New Models Gain Traction

EV sales in the US jumped 50% in Q3 2023 compared to Q3 2022, reaching almost 8% market share.

Tesla remains the top selling EV maker but its market share fell from 62% to 50% as other automakers increase EV production.

11 brands had triple-digit percentage sales increases in Q3 2023 vs Q3 2022, with Volvo up 654% and Nissan up 376%.

Looking at 2023 year-to-date, Chevrolet EV sales are up 125% and BMW up 266% compared to 2022.

However, some brands saw declines, with Mazda EV sales plummeting 67% in 2023 so far compared to 2022.