What Is the Percentage of Electric Cars in the U.S.?

Who has the most EV market share?

The EV market share for new vehicle sales in February 2024 was approximately 6.5%, compared to 83.1% for gas-powered vehicles, according to Edmunds sales data. If we look at things from a broader perspective, electric cars account for 1% of all registered vehicles on the road in the U.S., according to Experian Automotive's Market Trends third quarter 2023 report.

The 1% figure, however, only provides a small glimpse into the current state of the electric car market and leaves a few questions unanswered. Let's take a look at each of these questions to better understand what's happening in the EV market.

Am I Ready for an EV?

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What percentage of electric cars are on U.S. roads?

From Experian's numbers, 1% translates to 3 million new and used electric cars on U.S. roads — out of 288.5 million registered vehicles of all fuel types — as of the third quarter of 2023. That's up from the 2 million electric cars on the road in 2022, and by 2030, the National Renewable Energy Laboratory predicts there could be 30 million to 42 million EVs on U.S. roads.

This article is primarily focused on percentages, but we have a companion article, How Many Electric Cars Are There in the U.S.?, that goes more into detail about this subject, along with sales numbers and state-by-state breakdowns of EVs on the road.

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EV market share by company

Here are the latest EV market share percentages, going back to 2019, according to Edmunds data. Tesla has enjoyed a comfortable lead with the highest market share for many years. In recent years, however, Tesla's market share has dwindled from nearly 80% in 2019 to about 56% in February 2024, as other automakers entered the playing field and introduced more competition for customers to choose from. Ford maintains a distant second place in market share (6.8%), while Mercedes-Benz (5%) is in third but has made significant progress in just a few years. Rivian (4.6%) and Hyundai (3.9%) round out the top five currently, but these could switch places as the year goes on.

Make 2019 2020 2021 2022 2023 2024 Jan-Feb
Tesla 79.9% 76.6% 66.2% 58.6% 56.2% 55.8%
Ford 0.0% 0.0% 7.0% 8.6% 6.7% 6.8%
Mercedes-Benz 0.0% 0.0% 0.0% 1.3% 3.9% 5.0%
Rivian 0.0% 0.0% 0.1% 3.5% 3.8% 4.6%
Hyundai 0.6% 2.9% 2.8% 4.8% 5.0% 3.9%
Chevrolet 7.3% 8.9% 6.4% 5.3% 5.8% 3.8%
Kia 0.5% 1.3% 1.6% 5.0% 2.3% 3.7%
BMW 0.0% 0.0% 0.0% 1.1% 1.8% 2.5%
Volkswagen 2.2% 0.3% 4.3% 2.9% 3.5% 2.5%
Cadillac 0.0% 0.0% 0.0% 0.0% 0.8% 2.4%
Nissan 5.5% 4.1% 3.7% 1.7% 1.9% 2.0%
Audi 2.4% 3.0% 3.4% 2.2% 2.0% 1.7%
Volvo 0.0% 0.0% 1.1% 1.1% 1.1% 1.1%
Porsche 0.1% 2.0% 2.2% 1.2% 0.7% 0.7%
Toyota 0.0% 0.0% 0.0% 0.2% 0.9% 0.7%
GMC 0.0% 0.0% 0.0% 0.1% 0.3% 0.6%
Lucid 0.0% 0.0% 0.0% 0.6% 0.5% 0.5%
Lexus 0.0% 0.0% 0.0% 0.0% 0.5% 0.5%
Subaru 0.0% 0.0% 0.0% 0.1% 0.8% 0.4%
Genesis 0.0% 0.0% 0.0% 0.2% 0.6% 0.4%
Polestar 0.0% 0.0% 0.8% 1.3% 0.6% 0.3%

Source: Edmunds sales data as of March 6, 2024

What are the best-selling electric cars in the U.S. by percentage?

Although Tesla's market share has been falling, the electric carmaker still dominates the market. According to Experian Automotive, the Tesla Model Y was the best-selling electric car in the fourth quarter of 2023, making up 31.9% of new EVs sold. The Model 3 was second with 17.6%. The Volkswagen ID.4 came in third with 3.96%, and the Ford Mustang Mach-E and Rivian R1S held the fourth and fifth places with 3.4% of sales each.

  1. Tesla Model Y (31.9%)
  2. Tesla Model 3 (17.6%)
  3. Volkswagen ID.4 (3.9%)
  4. Ford Mustang Mach-E (3.4%)`
  5. Rivian R1S (3.4%)
  6. Tesla Model X (3.3%)
  7. Chevrolet Bolt EUV (3.1%)
  8. Hyundai Ioniq 5 (2.9%)
  9. Ford F-150 Lightning (2.3%)
  10. Tesla Model S (1.9%)
  11. Nissan Ariya (1.8%)
  12. BMW i4 (1.8%)
  13. Kia EV6 (1.6%)
  14. Kia Ioniq 6 (1.6%)
  15. BMW iX (1.5%)

Percentage of electric cars sold in the top 19 states

It's likely no surprise to most that Californians buy the most EVs. According to data from Experian, BloombergNEF and the California New Car Dealers Association, California leads the way with 25% of all EVs sold in 2023. Washington state comes in second with 18%, then Oregon with 17%, followed by Hawaii with 15%. Nevada is fifth with 14%. The states with the lowest percentage of EVs sold in 2023 are Texas and Ohio with 6% and 4%, respectively.

  1. California (25%)
  2. Washington (18%)
  3. Oregon (17%)
  4. Hawaii (15%)
  5. Nevada (14%)
  6. Colorado (13%)
  7. New Jersey (13%)
  8. Massachusetts (11%)
  9. Maryland (10%)
  10. Virginia (10%)
  11. Vermont (8%)
  12. Georgia (7%)
  13. Florida (7%)
  14. Illinois (7%)
  15. New York (7%)
  16. North Carolina (7%)
  17. Minnesota (7%)
  18. Texas (6%)
  19. Ohio (4%)

Edmunds says

Accounting for only 1% of all vehicles on U.S. roads, EVs are still rare in most parts of the country. But that number is predicted to grow every year thanks to the increasing availability of electric models in the coming years, the expected drop in EV prices, an increase in the number of EVs that qualify for government incentives, and the continued expansion of the national public charging infrastructure.

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