The US is now the second-largest EV market behind China
The US has routinely lagged behind Europe and other regions in terms of EV adoption, but no longer. Counterpointthat American EV sales jumped 79 percent year-over-year in the first quarter of 2023, helping it move past Germany to become the world's second-largest electric car market. Only China is larger, the analyst group says.
EV tax credits are believed to have played a"crucial role" in spurring sales, and may have helped the US automotive industry as a whole. Where sales of combustion engine cars were flat, EVs surged ahead, according to Counterpoint. It won't surprise you to hear which brands are out front. Tesla represented 62.7 percent of EV sales in the quarter, with the Model Y and Model 3 taking the top two spots. GM was a distant second, with the Bolt EUV and regular Bolt taking it to 7.6 percent. Volkswagen had 6.3 percent of the market thanks to
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