New EV Registrations Grew Significantly, Driven By Tesla

Chris Teague
by Chris Teague

new ev registrations grew significantly driven by tesla

Listening to pundits and some media outlets, it’d be easy to believe that EVs are nowhere near as popular as their gas-powered counterparts. But, while it’s true that electric vehicles still make up a tiny portion of the overall market, their numbers are growing. The latest data from Experian shows that EV registrations rose 67 percent over 2022’s numbers to an impressive 655,986 vehicles.

Automotive News reported on the data, showing a market share increase of 7.2 percent between January and July 2023. Tesla led the way with more than half of the EVs registered this year, at 390,377. The automaker had 60,769 new registrations in July alone. Interestingly, Ford, Hyundai, and Kia all saw slower growth earlier this year, and Ford trailed Chevy for new EV registrations by almost 6,000 units. 

Analysts credit Tesla’s price cuts as driving its success and have noted the automaker’s regaining access to federal tax credits as another significant sales driver. Chevy’s number-two spot was driven by the Bolt and Bolt EUV, which accounted for all the registrations, save for 24 Silverado EVs.

Despite Ford’s stated goal of becoming the top player in the EV game, it’s sitting at number three on the list. The Mustang Mach-E, F-150 Lightning, and E-Transit van drove its 33,955 EV registrations. The Blue Oval saw its market share drop from 6.9 to 5.2 percent from a year before, and Mach-E registrations dropped an alarming 18 percent since 2022. On the flipside, the Lightning saw growth of five times its previous registrations, to 11,883.

[Image: Sundry Photography via Shutterstock]

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15 of 83 comments
  • Kwik_Shift Kwik_Shift on Sep 14, 2023

    No thanks.

  • SCE to AUX SCE to AUX on Sep 15, 2023

    No surprise, because:

    • The so-called IRA reinstated the incentives to Tesla that they lobbied against.
    • Tesla's vertical integration and Spartan designs have reduced costs and increased margins, so they can safely drop prices.
    • Tesla is 15 years ahead of its US competitors, who remain half-hearted on EVs and drunk on entrenched products.
    • At 4%, Tesla is taking share from other mfrs. This isn't a case of the rising tide lifts all boats.
    • See 4 previous
    • EBFlex EBFlex on Sep 16, 2023

      “SCE to AUX--Also his usually response is to call people liars and then he wonders why most on this site don't take him serious.”

      Well Jeff, if you don’t want to be called a liar, stop lying. It’s really that simple. Even in your post above you lied. Maybe you just can’t help it. Maybe lying is part of your personality. Are you a habitual liar?

      Anyway, here is your daily reminder that you call people names as well but yet you ignore that and have a little tantrum when you’re called a liar. Classic.

  • El scotto El scotto on Sep 15, 2023

    Whilst drinking my morning coffee. I realize my last vehicle will be an EV. Go Rascal Go! Mine will have a cup holder for my beer.

    • Dukeisduke Dukeisduke on Sep 15, 2023

      Yeah, and you can probably have an open container while driving a Rascal.

  • NotAnotherTeslaFanBoi NotAnotherTeslaFanBoi on Sep 15, 2023

    Kind of interesting no one has talked about the other difference Tesla has- no dealers.

    When we were looking for our second electric car (2021) we ended up with another Tesla because the local Chevy and Nissan dealers were charging wildly optimistic prices on their offerings.

    Wouldn’t be surprised if a lot of customers on the fence end up with a Tesla after getting turned off by dealership fuckery from competing brands.

    • See 4 previous
    • Master Baiter Master Baiter on Sep 19, 2023

      "MB, you absolutely can test drive a Tesla any time you please. You just can't pay over MSRP."

      I said test drive the ACTUAL CAR I INTEND TO PURCHASE, not some road test mule they have sitting around. Comprehend reading much?

      With Tesla, they are free to deliver you a car full of defects, and when you find them, the reply is, "just schedule a service appointment." This is a fail in my book.