Tesla's electric vehicle sale share in the US will drop to 21% in 2030 from the near 67% in 2020.
Which EV models will likely be the top sellers in 2021 and 2022 and drive the EV sales back to a significant rate of growth?
The Federal EV tax credit isn't working: sales of EVs in the US are slowing, are concentrated in one state (California) and brand (Tesla). It is time to tear up and rethink, not tweak the current tax credit.
The media and Tesla shorts and haters love to tout every new BEV that comes to market as the latest "Tesla Killer." That moniker usually has little basis in reality, but is simply used by headline writers to attract eyeballs and haters and shorts to rally the bearish story on Tesla.
With Tesla Model 3 estimated US sales in June of 21,225 units according to the InsideEVs Sales Scorecard, YOY sales for June saw an increase of an estimated 51%. January through June's YOY increase bumped up to 19.7%, up from 11.7% for January though May.
Sales of electric vehicles in the US so far in 2019 are disappointing, though the low percentage growth rate was not unexpected. Through the month of April, US EV sales are up 10.1% over the same period in 2018. April 2019 sales increased 8.3% over April of 2018.
Through March of 2019 and using data from the InsideEVs Sales Scorecard, Tesla has accounted for 32% of all electric vehicles in the US. General Motors is a distant second at 18% share of total EV sales. The two automakers combined have accounted for 50% of sales.
Charging is critical to the EV customer experience. Automakers will need to either ensure a superior customer experience through their own charging networks or by deepening their partnerships and relationships with existing charging networks.
After the first two months of 2019 (using InsideEV’s Sales Scorecard) excluding sales volume for the Tesla Model 3 for the same period in 2018 and 2019, sales of EVs in the US are down 8.5% compared to 2018. YOY sales without the Model 3 were up 3.45 in January, but down 17% in February.
In August 1 out of 10 (9.90%) new vehicles purchased in the state of California were EVs (PHEVs + BEVs), according to the latest numbers from the Alliance of Automobile…