Tesla is exhibiting some robust resilience in California’s crashing automotive market and helps enhance EV market share to a brand new file.
With the slowdown that got here with the pandemic and the newer provide chain points, the auto business has but to return to pre-2020 ranges of deliveries.
California New Automotive Sellers Affiliation (CNCDA) launched its newest report primarily based on new automotive registrations within the state and confirmed that the market is down 16% year-to-date as of September.
However there are some silver linings within the outcomes.
The most important one is that the EV market share in California is at a brand new excessive of 16%, and it’s gaining momentum:
It appears to be like like with out electrical autos, California’s auto market can be crashing much more.
Tesla autos nonetheless signify most electrical autos delivered within the state and model registration stats spotlight simply how essential the Tesla model has turn out to be in California.
Up to now in 2022, Tesla is considered one of solely two automotive manufacturers, together with Genesis, to be rising within the state:
This decline from different manufacturers has enabled Tesla to realize a ten% total market share within the state with solely 4 fashions accessible. It’s even catching as much as Toyota.
Tesla now has the top-selling passenger automotive, Mannequin 3, and the top-selling total car within the state, together with gentle vans, Mannequin Y:
As you may see within the chart above, Tesla Mannequin 3 is even beating the Toyota Camry in gross sales – a feat it first achieved earlier this yr.
Different electrical autos are additionally contributing to the rising EV market share in California, just like the Ford Mustang Mach-E, however the CNCDA doesn’t break down the gross sales of Mustangs per mannequin.
Electrek’s Take
EV market shares in California already jumped from beneath 14% to 16% in 2022, however I feel it may finish the yr close to 20% with a robust This fall.
Tesla is probably going going to extend deliveries because of the manufacturing ramp at Gigafactory Texas.
However subsequent yr is when issues may actually go wild for EVs, and I may see market shares doubling to 40%.
The renewed federal incentive goes to assist, however the greatest factor goes to be increased volumes of autos just like the F150 Lightning and new mannequin launches just like the Equinox EV, Silverado EV, and plenty of extra.