The Tesla Model 3 and Model Y have become the second-best and best-selling vehicles in California, helping sales of electric vehicles reach a new record in the state.
California has long been a leader in the US when it comes to EV adoption.
There are many reasons for that: state incentives, general interest in new technologies in the state, but until recently, it was home to Tesla, the largest EV company in the world. Tesla holds a large market share in the US electric vehicle market, with a large portion in California.
This week, the California New Car Dealers Association (CNCDA) released their Q2 2022 numbers, giving us some insight into Tesla sales in the state.
CNCDA confirmed that the Tesla Model Y and Model 3 are the two best-selling vehicles in the state for the first half of 2022.
The Tesla Model Y is on track to be the best-selling car in the California market this year with 42,320 registrations. Second: The Tesla Model 3 sold 38,993 units, further indicating the demand for EVs in the state. New registrations for the state’s top sellers, the Honda Civic, Toyota Camry and Corolla, have been hit by a lack of inventory, but they still rank high in their segments.
The two electric vehicles beat everything – even the most popular trucks.
When you compare them to their class, it really highlights their superiority:
Tesla’s Model S and Model X aren’t doing badly, though they’ve been beefed up following last year’s design refresh.
Tesla’s strong performance in California is pushing its electric vehicle market share to new highs.
According to a recent report from the CNCDA, EV sales now account for 15% of the total California auto market.
This compares to about 7% of the broader United States.
That’s amid an auto market still suffering from supply chain problems. According to the report, Tesla and Genesis are the only two brands growing in California by 2022.
This is where things start to move quickly. It took ten years to go from 1% to 15% market share, but I think it will take two years to go from 15% to 50% market share. Mark my words.
Also, you still see a lot of brands in red – I’m talking about a huge increase in market shares not only because there are more electric vehicles, but also because fewer people want to buy new ones. ICE cars.
Brands that have been slow to bring EVs to market and mostly stick with ICE offerings are going to see sales decline as EVs grow, which will accelerate EV market share at a faster rate.
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