North American Electric Car Sales Increase by 14% in April

Overview

In April, North American sales of electric cars saw a 14% growth compared to the same month last year, as reported by S&P Global Mobility. Excluding Tesla’s figures from the data revealed a 69% increase in EV sales during the same period.

Tesla’s Performance

Despite a recent facelift, Model 3 sales experienced a significant decline of 54% between January and April. This decline contributed to Tesla’s overall drop in sales, with the Cybertruck being a rare exception, showing an increase in registrations in April.

Market Share Shift

The data indicates that Tesla’s share of the electric vehicle market has decreased from 60% to 50%. This shift is partly attributed to the Model 3 being excluded from the list of EVs eligible for tax credits. However, with the Long Range and Performance models back in favor, demand is expected to recover.

Top Performers

Among non-Tesla brands, Ford emerged as the best performer with a 169% increase in registrations in April. Hyundai, Kia, and Toyota also saw significant growth in EV sales, with Toyota’s bZ4X demand skyrocketing due to substantial incentives.

Conclusion

Despite challenges faced by some models, the overall trend in North American electric car sales is positive. With increasing consumer interest and support for EVs, the market is poised for further growth in the coming months.