Tesla’s U.S. Dominance Persists as Hyundai Surpasses GM

Tesla’s U.S. Dominance Persists as Hyundai Surpasses GM


A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023.

Brandon Bell | Getty Images

DETROIT – Legacy automakers continue to promise big increases in production and sales of battery-electric vehicles, but their efforts so far have done little to change the highly watched, emerging market.

Despite notable upticks in sales compared with a year ago, industry leader Tesla remains the top EV seller and has grown its lead over legacy automakers. It is roughly 300,000 units ahead of its closest competitors Hyundai Motor and General Motors through the first half of this year, according to Motor Intelligence. That compares with a roughly 225,000 gap in the first half of 2022.

The auto data firm reports that Tesla, which does not release sales by region, is estimated to have sold 336,892 vehicles to retail and fleet buyers in the U.S. during the first half of the year, a 30% increase…

2023-07-07 07:34:55
Original from www.cnbc.com

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