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Electric vehicles: U.S. market growth 2018 & 2026

Projected U.S. electric vehicle market share between 2018 and 2026

by I. Wagner, last edited Aug 22, 2019
Electric vehicles: U.S. market growth 2018 & 2026 Electric vehicles are projected to account for 7.6 percent of the market in 2026, up from just 1.2 percent in 2018. Overall, American motorists bought some 17.2 million light vehicles in 2018.

 Tesla sparks sales growth

  Tesla accounted for the majority of plug-in electric vehicles sold in the United States in 2018. As of now, Tesla is leading the race towards the electrification of transport in the United States. Here, the California-based carmaker reported 2018 sales nearing 140,000 units of its most recent model addition, the Model 3. It was introduced in July 2017 at a starting price of 35,000 U.S. dollars and has become Tesla’s most successful model so far. Overall, consumers in the U.S. bought 191,627 Tesla-badged vehicles in 2018.

 The great brand divide

  The Tesla brand exerts such dominance in the market that it plays in a league of its own. Even though there are other brands competing with Tesla globally, it looks like they do not stand a chance to bite into Tesla’s U.S. market share. U.S. car shoppers only bought 18,019 Chevrolet-badged and just 14,715 Nissan-badged battery electric vehicles in 2018.
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Projected U.S. electric vehicle market share between 2018 and 2026

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