Electric Cars in the U.S.: A Closer Look at Market Trends
The electric vehicle (EV) market in the United States is evolving rapidly, with noteworthy changes in both market share and consumer preferences. Data indicates that electric cars are slowly but surely carving out a larger piece of the automotive market. Let’s explore the current landscape of electric vehicles in the U.S., focusing on market share, top models, and regional trends.
The Current Market Share of Electric Vehicles
In February 2025, electric vehicles accounted for 7.9% of new vehicle sales in the United States, based on Edmunds data. This marks an increase of 6.3 percentage points since 2020. Notably, this percentage excludes plug-in hybrid vehicles (PHEVs), which separately held a market share of 1.8% during the same period. Collectively, EVs and PHEVs made up 9.7% of vehicle sales, while traditional gasoline-powered vehicles, including hybrids, dominated with a 90.3% market share.
Electric Vehicles on U.S. Roads
The penetration of electric vehicles on American roads is also increasing. According to an Experian Automotive report, 9.2% of new car registrations in 2024 were electric vehicles, reflecting a 1.2 percentage point rise from 2023. Of the approximately 292.3 million cars in use by 2024, a mere 1.4% were electric.
Market Share by Manufacturer
When examining market share by manufacturer, Tesla remains the dominant player despite a decline from nearly 80% in 2019 to 45.2% by February 2025, per Edmunds. Ford holds second place with 7%, followed by Chevrolet at 5.5%. Volkswagen and Hyundai complete the top five with market shares of 4.2% and 3.8%, respectively.
Top-Selling Electric Cars
Tesla continues to lead in individual model sales. The Tesla Model Y was the best-selling electric car in the fourth quarter of 2024, accounting for 26.1% of new EVs sold, followed by the Tesla Model 3 at 15%. The Honda Prologue (5.3%), Chevrolet Equinox EV (4.7%), and Ford Mustang Mach-E (4.4%) rounded out the top five, according to Experian Automotive.
- Tesla Model Y (26.1%)
- Tesla Model 3 (15%)
- Honda Prologue (5.3%)
- Chevrolet Equinox EV (4.7%)
- Ford Mustang Mach-E (4.4%)
- Hyundai Ioniq 5 (4%)
- Tesla Cybertruck (3.4%)
- Ford F-150 Lightning (2.5%)
- Cadillac Lyriq (2.2%)
- Rivian R1S (2.2%)
- Chevrolet Blazer EV (2.1%)
- Kia EV9 (1.7%)
- Kia EV6 (1.7%)
- Toyota bZ4X (1.5%)
- Tesla Model X (1.4%)
State-by-State Electric Vehicle Sales
California leads the nation in electric vehicle adoption. In the third quarter of 2024, electric vehicles, along with plug-in hybrid electric vehicles and fuel cell electric vehicles, made up nearly 27% of new light-duty vehicle registrations in the state, as noted by the Alliance for Automotive Innovation. Colorado follows closely at 26%, showing an 8 percentage point increase year over year. Several other states, including Washington and the District of Columbia, also boast over 20% market share. Meanwhile, ten more states have surpassed the 10% mark in new EV registrations.
This story was produced by Edmunds and reviewed and distributed by Stacker.
Original Story at www.kpvi.com