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Americans bought more than 200,000electric vehiclesin Q3 , 2022 , as electric car gross revenue grow 67 pct during the full point , outpace other automotive manufacture segments . EV sales have been on an upward trajectory over the past few long time , fueled partly by rising petrol prices and growing environmental vexation . As a result , the EV market has grown especially tight in North America , Western Europe and China over the past couple of years . In accession , Formosan company are launchingnew models like the Shenlan SL03at attractive prices , further fueling demand .
Tesla is one of the largest EV manufacturers in the world , having sold more than 936,000 vehicle globally last yr . However , earlier this year , the company wassurpassed by Chinese EV behemoth BYD , which sold 641,000 novel vehicles during the first six months of 2022 . In comparison , Tesla sold 564,000 cars globally during the same period . However , it ’s not just Tesla earning the big hemipterous insect bucks in the U.S. The EV rotation is help most car manufacturer increase their overall sales , including Detroit biggies GM and Ford , as well the lead Japanese and Korean automaker .
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harmonize to theKelly Blue Book , Americans bought an estimated 205,682 electron volt in the third quarter of this yr , representing a 67 per centum YoY increase over the 122,744 units sold during the same period last yr . Tesla continued to hold a substantial hint over the competition , sell 64 percentage of all new electron volt bought in the U.S. during the time period . The Model Y and Model 3 once again clocked impressive sales with 60,271 and 55,030 social unit , respectively , putting them comfortably at the identification number one and two slots .
EV Sales Grow In the U.S.
The Chevy Bolt EV and Bolt EUV come in third with combined sales of 14,709 vehicle , while theFord Mustang Mach Eand the Tesla Model S rounded out the top five , time 10,414 and 9,171 units , severally . However , sales of hybrid cars dropped class - over - year , with just 206,072 unit being sell in the third twenty-five percent — 16 percent few than last year .
While EV sales are growing at a fast pace , the entry roadblock to the segment remains high . While company like GM are launching affordableEVslike the Chevy Bolt , the with child player in the market place , Tesla , continues to increase prices across the kitchen stove . WhileElon Musk has talk about a $ 25,000 Tesla , it remains to be see when it will shoot the market .
Next : How Much Does The 2023 Chevrolet Bolt EUV Cost ?
Source : Kelly Blue Book
