The data reveals that U.S. electric vehicle sales have increased in the first half of this year, with June's growth rate surpassing the overall market. This surge is largely attributed to large-scale incentive programs that have reduced the prices of electric vehicles. S&P Global Mobility noted on August 16 that in June, U.S. electric vehicle registrations increased by 3.1% year-on-year, reaching 108,026 units, while the overall U.S. automotive market declined by 8.8% to just over 1.2 million units.
As a result, the market share of electric vehicles in the U.S. automotive market increased to 8.9% in June, up one percentage point from the same period last year. This data only includes new battery electric vehicle (BEV) registrations and does not account for used cars or any hybrid vehicles.
In June, Tesla was the brand with the highest number of electric vehicle registrations in the U.S., with sales nearly ten times higher than its second-place competitor, Ford. Tesla's U.S. sales were also bolstered by the Cybertruck, which, over the past two months, earned the title of the best-selling vehicle priced over $100,000 in the U.S.
