Tesla Snags 64% of Battery Electric Vehicles Sold in the US in Q2

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Battery-electric vehicles (BEVs) sold a record-breaking 118,233 units in the U.S. during Q2 2021, setting a new record and crossing the 100,000 mark for the first time ever — reports InsideEVs. Tesla alone accounted for 64% of all BEVs sold, and every third all-electric car sold was a Tesla Model Y.

BEV sales are up 254.9% from just 33,312 units in Q2 2020, when the COVID-19 pandemic resulted in a sharp dip in car sales across the country. BEVs made up 2.7% of the 4.4 million cars sold in the U.S. this quarter.

Plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs) also posted a stellar quarter, with a combined 258,028 units sold across the U.S.., up 181.% year-over-year. Together, BEVs, PHEVs, and HEVs captured 8.5% of the car market in Q2 2021 — over double the 4.2% they were at this time last year.

Tesla’s market share in the BEV segment is on a downward trend, from 71% in Q1 2021 and 83% in Q2 2020 to 64% this quarter. However, that is merely a sign of healthy competition in the space, and Tesla continues to maintain a solid foothold in the industry.

In its recent earnings call for Q2, Tesla made good on expectations of 200,000+ units sold in the quarter, reporting net earnings of $1.1 billion USD.

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