However, with more and more car manufacturers releasing versions of their electric vehicles, Tesla's dominance in the electric vehicle market in the US will be eroded a bit. But for now, the US electric vehicle market is still very dependent on Tesla.
By 2020, Tesla hold 79% of new electric vehicles registered in the US.
For 2021 data has been released by Experian, and Tesla's market share in the US is down slightly although it still holds a strong majority of the electric vehicle market in the United States.
According to the report, by 2021 Tesla will have a 69.95% share of the electric vehicle market in the US, followed by Nissan in second place with an 8.51% market share.
Of the 50 states in the US, Tesla leads sales in every state except Alaska. Tesla is known to have yet to open a service center, even though it recently launched its first Supercharger in Alaska.
This data should be a concern for other vehicle manufacturers to continue to innovate to compete with Tesla. This is a positive for consumers because they will be given many choices of electric vehicles.
Several manufacturers have launched new electric vehicle models for the United States market this year. Car manufacturers especially Ford and VW could increase their share of the EV market by 2022.
The US needs other options outside of Tesla to accelerate the adoption of electric vehicles in the country.
Tesla itself has expanded production at the Fremont plant and started production at the Texas Gigafactory. Tesla is expected to still grow in the United States, although some of their production will be exported.
The current challenge is external factors such as Russia's invasion of Ukraine. On the one hand, the invasion caused the price of oil to rise, which led some people to switch to electric vehicles. But on the other hand, the price of raw materials for electric vehicles such as nickel also rose significantly.
As a result of the increase in the price of raw materials, Tesla has just raised the prices of all the car models they produce.