It’s hard to beat the Model 3. Tesla’s latest flagship vehicle has dominated the US electric vehicle (EV) market since its debut in 2017. It has racked up more than 190,000 sales in the US, according to IHS Markit, and it captured 67% of the market for electric cars in the US last quarter.
That’s a first for an electric car maker. The Model 3, which secured more than 200,000 pre-orders within two days of being announced in 2016, is beating out conventional cars from BMW, Mercedes, and Audi. That’s given it a healthy lead over rivals such as the GM’s Chevy Bolt and the Nissan Leaf (on the market since 2010). While those EVs have enjoyed steady sales, Tesla delivered more Model 3s than the flagship EVs for GM and Nissan combined.