EVs Reach 5.2% of New Auto Sales in the First Nine Months of 2022

By Christian Roselund

According to data by Experian and published by Automotive News, 530,577 battery electric vehicles were registered in the United States in the first nine months of 2022. This represents a 5.2% share of new light-duty vehicles (car, truck, and SUV) registered in this period, which is a near-doubling over the 2.8% share in the first nine months of 2021.

Tesla represented 65% of these new EVs, with the Model 3 and the Model Y comprising most of its sales. However, the non-Tesla share of BEVs is growing faster, with a 71% year-over-year increase. The Ford Mustang Mach-E was the third-most popular EV, with 38,056 registered. As for automakers, the Hyundai Motor Group was ahead of Ford, with 49,567 registered between Hyundai, Ioniq, and Kia models.

The United States is one of the most car-dependent nations in the world and its share of EVs in new car sales lags well behind the global average. However, a recent report by Bloomberg New Energy Finance (BNEF) suggests that with the passage of the Inflation Reduction Act the U.S. EV fleet will be more than 20% larger in 2030 than it had previously forecasted.

News coverage: US: All-Electric Car Registrations Exceeded Half A Million Through September 2022 (Inside EVs)