Tesla Continues to Hold Over 80% of the EV Market in the US

Tesla continues to hold over 80% of the electric vehicle market in the U.S. regardless of the fact that buyers do not have access to the federal tax credit anymore.

Data obtained by Buy Shares, shows Tesla maintaining 81.66% market share of the U.S. EV market during the first half of 2020. “Data presented by Buy Shares indicates that Tesla unsurprisingly accounted for 81.66% of all-electric vehicles sold in the United States as of the first half of 2020. During the period, a total of 87,398 electric vehicles were sold in the US with Tesla accounting for 71,375. The company’s popular Tesla Model 3 was the highest-selling with 38,314 units.”

As Tesla doesn’t disclose its sales per market, some of the sales data for Tesla is estimated:

As seen in the chart above, four out of the top five cars on the list are Teslas. An impressive feat considering none of them have access to the $7,500 federal tax credit for EVs. The reason behind the lack of EV tax credit for Tesla buyers is the fact that the automaker has reached a threshold of 200,000 vehicles delivered in the U.S.

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