US Electric Vehicle Sales Growing

US EV Market On the Rise

Source:  Tesla Model 3

EV's in US Beating Out Another Auto Category
The sale of electric vehicles in the US is at a very early stage, representing 1.6% of the 17 million "light" vehicles sold in 2019.  But, for the first time, EV's are outperforming a segment of the automotive market.  Specifically, EV's are outpacing vehicles with standard shifts which represent 1.1% of automotive sales. Sales of standard shift models have dropped .5% in the past year.  By contract, sales of the world's most popular EV, the Tesla Model 3, are up 1% in the US in 2019. It's the beginning of a shift by Americans to zero emission, green, electric vehicles to save the environment from carbon emissions.

Tesla's Roadster Electric Sportscar
In Q1 2020, the electric car segment in the US is composed of 16 models.  That is scheduled to significantly grow  this year.  And, EV's are expected to outperform another category in 2020 -- convertibles that in 2019 equaled 1.7% of US car sales.  When Tesla rolls out its Roadster sportscar sometime in 2020 or 2021 it will be the only electric convertible in the US.  It's expected to be one of Tesla's hottest cars.  


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