US: BEV Market Nearly Doubled Through April 2021
BEV market share increased to 2.3%.
The all-electric car segment is booming in the U.S., according to the latest report on car registration from Experian (via Automotive News).
During the first four months (January-April) of this year some 133,509 new BEVs were registered, which is 95% more than a year earlier (about 68,466).
The growth of the all-electric segment is three times higher than the overall market, which increased 36%. It allowed an expansion of BEV market share from 1.6% in 2020 to 2.3%.
The data reveals that the most popular model is the Tesla Model Y, followed by the Tesla Model 3, which however decreased slightly year-over-year:
BEV registrations in the U.S. - January-April 2021
- Tesla Model Y - 53,102 (up from 2,260 in 2020)
- Tesla Model 3 - 35,468 (down 12% year-over-year from about 40,300)
- Chevrolet Bolt EV - 13,611
- Ford Mustang Mach-E - 6,104 (including 1,675 in California and 604 in Michigan)
- Nissan LEAF - 5,023
- Audi e-tron - 4,321
- Porsche Taycan - 3,002
- Hyundai Kona Electric - 2,192
- Tesla Model X - 1,730 (down 75%)
- Tesla Model S - 1,633 (down 63%)
- other - 7,323
- Total - 133,509
Overall, Tesla registrations stand at 91,933, which is 71% more than a year ago, however, it's associated only with the Model Y, as the remaining three models noted a decrease.
One of the most important metrics is that Tesla holds over 68.8% of the all-electric car segment in the U.S.
Besides the three Teslas, only the retired Volkswagen e-Golf noted a year-over-year decline, which means that all other models are up.
Tesla is also the fourth best selling luxury brand, according to the report, ahead of Audi:
- BMW - 115,606 (up 50%)
- Lexus - 108,244 (up 50%)
- Mercedes-Benz - 104,960 (up 37%)
- Tesla - 91,933 (up 71%)
- Audi - 81,598 (up 56%)
- Acura - 56,307 (up 59%)
- Cadillac - 54,772 (up 55%)
- Volvo - 39,625 (up 58%)
- Lincoln - 38,372 (up 26%)
- Land Rover - 33,076 (up 47%)
In terms of geographical results - California accounts for 38% of all BEV registrations, which is significantly less than a year ago (45%). It's interesting because registrations in California increased 64% year-over-year. Other states probably are expanding much faster.
The second biggest market is Florida (7.2% share in BEV segment), followed by Texas (5.9%).
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