Tesla Remains California's Top EV Choice Even As Registrations Drop: Cybertruck Among 10 Best-Selling EVs In Golden State
Ford Motor Company F | 10.97 | +0.09% |
General Motors Company GM | 55.58 | +0.34% |
Rivian Automotive, Inc. RIVN | 10.59 | +5.37% |
Tesla Motors, Inc. TSLA | 321.22 | +8.19% |
New battery electric vehicle (BEV) registrations in California rose 1% year-on-year to 293,109 units this year as of the end of September, according to data from the California New Car Dealers Association (CNCDA).
What Happened: As per the data, BEVs accounted for 22.2% of new vehicle registrations in California in the nine months, higher than the national BEV market share of 7.9%.
In fact, California accounted for 32.1% of U.S. BEV registrations as of the end of September this year.
Tesla Tops The Chart: Tesla Inc‘s (NASDAQ:TSLA) new vehicle registrations in the nine months, however, fell 12.6% as compared to the corresponding period last year to 159,619 units.
Tesla, however, continues to be the best-selling EV brand in the state, seconded by Hyundai which had 16,433 registrations in the period.
Rival Player Performance: While General Motors‘ brand Chevrolet witnessed BEV registrations fall nearly 42% in the nine months through the end of September, its sister brand Cadillac saw registrations go up by a whopping 315%.
Michigan-based Ford witnessed a 17% rise in EV registrations and Califonia-based Rivian a modest 35% rise to 9,049 units.
Best-Selling EVs: The Model Y was the best-selling EV in the state in the time frame, followed by the Model 3. Tesla’s Model X SUV and the Cybertruck also feature in the list of top ten best-selling EVs in the state, together with rival models such as the Ford Mustang Mach-E, Hyundai Ioniq 5, and BMW i4.
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Image via Tesla