The Future of Electric Cars and EV Ownership (2024 Report) (2024)

EV models growing in popularity in the US

1. Tesla Model Y

Number of EV sales in 2022: 191,451

Number of EV sales in 2023: 296,059

Change in number of EV sales: 104,608

Tesla Model Y is the EV dominating the US market, having sold 104,608 more electric vehicles by Q3 of 2023 compared to 2022. With sales growing by popular demand, the Tesla Model Y accounts for approximately 34% of all EV sales6, making it the best-selling electric car in the United States.

2. Chevy Bolt EV/EUV

Number of EV sales in 2022: 22,012

Number of EV sales in 2023: 49,494

Change in number of EV sales: 27,482

Interestingly, Chevy Bolt’s EV models have increased in popularity as sales more than doubled by Q3 of 2023. Starting at the retail price of $26,500, the Chevy Bolt is described as America’s most affordable EV; hence, it's no surprise it has seen such massive growth over the last year.

3. Rivian R1S

Number of EV sales in 2022: 354

Number of EV sales in 2023: 16,540

Change in number of EV sales: 16,186

Said to have experienced explosive growth in the US EV market, the Rivian R1S sold over 16,000 more EVs by its third quarter of 2023 than in the whole of 2022. Described as one of the most successful electric vehicle startups in the US, the Irvine, California-based manufacturer has set its starting price for the R1S to $78,000 for its 2023 model.

The Future of Electric Cars and EV Ownership (2024 Report) (1)

The Future of Electric Cars and EV Ownership (2024 Report) (2024)
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