Best-selling battery-electric cars in the United States 2023

In 2023, the Tesla Model Y remained the best-selling battery-electric car model in the United States at approximately 403,700 units. Tesla's revenue from U.S. vehicle sales reached unprecedented levels in 2023. The California-based carmaker is the reigning king of the U.S. electric vehicle market.

Strong electric vehicle market

Tesla generated over 45.2 billion U.S. dollars in revenue in the United States alone in the 2023 fiscal year. The demand for electric vehicles is projected to rise over the next two decades with worldwide revenues estimated to grow from 538.8 billion U.S. dollars in 2021 to nearly 906.7 billion U.S. dollars in 2028. Similarly, the number of battery electric cars in use reached around 18 million units in 2022.

Demand growth

Subsidies, infrastructure improvements, as well as the level of gasoline prices in many countries continue to influence demand for electric vehicles. In 2022, around 283.4 million vehicles were registered overall in the United States. In the United States, electric vehicles are expected to account for well over a third of all vehicle sales in 2030. The global market share of electric vehicles is expected to grow to about 26 percent by 2030.