zzdcar
Home
/
Reviews
/
Buying
/
EVs Made in the U.S. Are Dominating the Market
EVs Made in the U.S. Are Dominating the Market-October 2024
2024-02-19 EST 22:09:18

Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California.

A new report shows that electric vehicles built in U.S. factories by far and away lead the domestic , and it doesn’t seem like is going to be coming to a stop anytime soon. According to , new vehicle registration data from Experian shows that account for about 75 percent of in the first 11 months of 2022.

On top of that, U.S.-based automakers were also responsible for almost all local production, according to the outlet. The biggest exception was Nissan. Its Leaf, which is built in Tennessee, held 1.7 percent of the U.S. EV market share.

(), General Motors and EV startups like Rivian are in the proverbial driver’s seat for this manufacturing trend. The Inflation Reduction Act that was signed into law in 2022 also has something to do with it. The Act ended the for vehicles built outside of North America. It’s reportedly spelling good news for U.S. manufacturers and supply chains as the world’s auto market makes the transition to electric vehicles over the coming decade.

But, because of the new stipulations in the IRA, automakers around the globe are accelerating plans to build electric vehicles in the U.S., according to Auto News. Volkswagen and Mercedes-Benz actually started delivering U.S.-made EVs at the end of last year.

Asian and European brands own a comparatively very small piece of the EV sales pie. On the other hand, leads the pack with 64 percent of the market share in the first 11 months of 2022, according to Experian’s data. Ford came in second place with 7.4 percent of the market. It was followed by Chevrolet at 4.7 percent, Kia at 4 percent, Hyundai at 3.7 percent, Volkswagen at 2.4 percent, Audi at 2.2 percent and Rivian at 1.9 percent.

“This increased domestic EV production, inspired by the IRA, will build the supply chain quicker than anyone previously thought possible,” Sam Fiorani, vice president of global vehicle forecasting at AutoForeceast Solutions, said. “As long as the IRA remains open-ended, without time or volume limitations, the battery and component infrastructure will grow in North America until the market becomes saturated sometime after 2035.”

As you may have expected, the best selling EVs on the market in the first 11 months of 2022 were led by the Tesla Model Y. The automaker reportedly sold 200,592 crossovers. Coming in second was another Tesla, the Model 3 sedan, which sold 175,661 units. Third was the with 34,643 registrations, with fourth and fifth place again occupied by Tesla vehicles: the Model X and Model S, which had 30,125 registrations and 25,362 registrations respectively. Rounding out the top 10 U.S. EV registrations were the Chevrolet Bolt EUV with 22,421 registrations, Hyundai Ioniq 5 with 21,086 registrations and the Kia EV6 with 19,163. After that we have the Volkswagen ID.4 with 16.345 registrations, and finally the Rivian R1T pickup with 11,637 registrations.

It’ll be interesting to see how these market dynamics shift over the next few years as more and more automakers qualify for the $7,500 EV tax credit.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
2012 Audi A7: The Jalopnik Review
2012 Audi A7: The Jalopnik Review
Excuse the junior high speech class cliche, but Webster's Dictionary defines a 'coupe' as "a two-door automobile often seating only two persons." Over the last decade, the German automakers have pretty much told Merriam Webster to go to hell. Their model lineups have exploded and they have created classes of...
Oct 28, 2024
For $3,500, Go Long
For $3,500, Go Long
The Dutch film The Human Centipede is (SPOILER ALERT) the ultimate in left-wing liberal recycling propaganda, but it never answers the question, how do they get around? Well, today's Checker 8-door may be the answer, but will its price leave you with a shit-eating grin? There was lots to smile...
Oct 28, 2024
For $9,999, Could This Be Your S-Type?
For $9,999, Could This Be Your S-Type?
While potentially as much Ford as Jag, today's supercharged S-Type R is still a hot enough kitty to make nearly anyone purr with delight. But, is its price as well? Remarkably, yesterday's rougher than Chuck Norris brand toilet paper fell in a close 56% Crack Pipe loss. At thirty five...
Oct 28, 2024
For $12,800, Dinan Is Served
For $12,800, Dinan Is Served
If it were a finely sculpted horse rearing on its badge rather than a stylized airplane propeller, today's contender would be a hands down winner. As it is, this V12 super coupe comes with the badge with the prop, and that means its price is currently up in the air....
Oct 28, 2024
For $2,600, Great Shelby’s Ghost!
For $2,600, Great Shelby’s Ghost!
You've no doubt heard of turning a sow's ear into a silk purse, and as today's Dodge Daytona Shelby proves, no one took that metaphor more to heart than did Dodge and the late Carroll Shelby. This coupe's K-car origins are well masked, will its price require the seller to...
Oct 28, 2024
2013 Nissan Sentra: The Jalopnik Review
2013 Nissan Sentra: The Jalopnik Review
The compact segment is fiercely contended, with strong competitors coming from every major carmaker. With increasing quality deriving from each geographical location, expectations are rising, and customers are no longer willing to settle for a crappy econobox. Rather, they expect midsize sedan-like luxuries, with improved fuel efficiency to boot. An...
Oct 28, 2024
Copyright 2023-2024 - www.zzdcar.com All Rights Reserved