In 2024, Tesla reaffirmed its stronghold in the U.S. electric vehicle (EV) market, selling a staggering 633,762 units, surpassing the combined sales of General Motors (GM) and Ford by more than three to one. Despite experiencing its first year-over-year sales decline of 1.1%, Tesla's sales figures distinctly overshadow the competition, solidifying its leading position in the industry.
General Motors and Ford followed with sales of 112,897 and 97,865 EVs, respectively, emphasizing the gap between Tesla and other manufacturers. Hyundai, Kia, Rivian, and Honda rounded out the top sellers list, but none came close to the Tesla figures.
Quarterly data revealed that total EV sales in Q4 increased by 15.2%, culminating in a record year-end total of 1.3 million units sold across all brands. Tesla's Model Y and Model 3 were pivotal in this success, demonstrating the continued demand for its offerings.
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The report highlighted that 24 out of 68 EV models evaluated achieved year-over-year sales increases, reflecting a broader market growth spurred by new introductions, including 17 brand-new models. However, several models, such as the Chevy Bolt and Mazda MX-30, saw a decline in sales, noting industry shifts and discontinuations.
As the EV landscape evolves with new entrants and competition, Tesla remains the dominant player, showcasing resilience and brand loyalty amidst a changing market.
News Source: teslarati
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