Tesla Dominated U.S. EV Market Last Year, with Model Y and Model 3 Capturing Over 55% Share

Although Tesla’s U.S. sales in November declined by more than 20% year-over-year following the expiration of the $7,500 federal electric vehicle (EV) tax credit at the end of September 2023, the company maintained an undisputed leading position in the U.S. EV market for the full year. According to market research data, the Model Y sold 357,528 units in 2023, accounting for 39.5% of total U.S. EV sales, while the Model 3 sold 192,440 units, representing 15.9% of the market. Together, these two models captured a combined market share of 55%. Additionally, Tesla also sold other models—including the Model S, Model X, Cybertruck, and Semi—further boosting its overall market share.