Top Best Selling Electric Cars, Trucks, and SUVs: US Market Analysis for Q3 2023
The electric vehicle (EV) market in the United States has maintained its impressive momentum in the third quarter of 2023. In Q3, EV sales soared to a remarkable 313,086 units, marking a significant increase of 49.8% in comparison to the 209,030 units recorded in the same timeframe the previous year. This surge reflects the growing consumer enthusiasm and heightened environmental consciousness. The electric car sector is undeniably accelerating at a rapid pace. In this review, we'll explore the top 10 best-selling electric cars in the US for this period.
1. 2023 Tesla Model Y - 95,539 units sold
In Q3 2023, the 2023 Tesla Model Y, a compact all-electric SUV starting at $47,740 with a range of 330 miles, witnessed a surge in sales to 95,539 units, marking a 58.5% increase from the 60,271 units sold in Q3 2022, thus becoming the best-selling electric car.
In response to this surge in sales, Tesla focused on enhancing production efficiency, which led to a significant reduction in delivery times for the Model Y, thereby further boosting its market appeal and customer satisfaction.
2. 2023 Tesla Model 3 - 53,251 units sold
The 2023 Tesla Model 3, known as the best selling electric car, is available at a starting price of $40,240 and offers a range of 358 miles. It reported sales of 53,251 units in Q3 2023. This marked a 3.2% dip compared to the 55,030 units from Q3 2022.
The Model 3 continues to impress with its advanced technology, including an autopilot feature and a minimalistic interior design, maintaining its status as a top choice among electric vehicle enthusiasts.
3. 2023 Chevy Bolt EV / EUV - 15,835 units sold
The 2023 Chevy Bolt EV/EUV, one of the best selling electric cars, is a compact hatchback priced from $28,795 offering a range of 247 miles. It accumulated 15,835 sales in Q3 2023, an increment of 7.7% from 14,709 units in Q3 2022.
This surge in sales is attributed to its efficient powertrain, upgraded infotainment system, and competitive pricing, making it a favorable option for environmentally conscious consumers.
4. 2023 Ford Mustang Mach-E - 8,633 units sold
One of the best-selling electric cars, the 2023 Ford's Mustang Mach-E, an electric SUV beginning at $45,995 with a range of 312 miles, recorded 14,842 sales in Q3 2023, witnessing a 42.5% rise from the previous year's 10,414 units.
Alongside its impressive sales figures, the Mustang Mach-E has garnered widespread acclaim for its blend of performance and efficiency, featuring a spacious interior, advanced technology, and fast-charging capabilities, positioning it as a highly competitive player in the rapidly growing electric vehicle market.
5. 2023 Hyundai Ioniq 5 - 11,665 units sold
Another best-selling electric car, the 2023 Hyundai's Ioniq 5, priced at $41,450 with a range of 303 miles, achieved sales of 11,665 units in Q3 2023, which is a 143% jump from the 4,800 units of Q3 2022.
This significant growth is attributed to the Ioniq 5's cutting-edge technology, sleek design, and consumer-friendly pricing, factors that have strengthened its market position against competitors and solidified Hyundai's reputation in the electric vehicle sector.
6. 2023 Volkswagen ID.4 - 10,707 units sold
One more best selling electric car: 2023 Volkswagen's ID.4, an electric SUV starting at $38,995 with a range of 275 miles, amassed 10,707 sales in Q3 2023, a 60.8% rise from the 6,657 units of Q3 2022.
This surge in sales not only reflects the growing consumer preference for environmentally friendly vehicles but also demonstrates Volkswagen's successful strategy in competing within the rapidly expanding electric vehicle market.
7. 2023 Rivian R1S - 9,183 units sold
The 2023 Rivian R1S, an electric SUV priced at $84,000 offering a range of 340 miles, showcased impressive sales of 9,183 units in Q3 2023, becoming another best selling electric car, a significant growth from the 263 units of Q3 2022.
The R1S's success is attributed to its advanced features such as autonomous driving capabilities, luxurious interior, and robust off-road performance, appealing to a wide range of customers from luxury SUV enthusiasts to environmentally conscious drivers.
8. 2023 BMW i4 - 6,457 units sold
2023 BMW's i4, one of the best selling electric cars, is a luxury electric sedan with a starting tag of $52,200 and a range of 307 miles. It reported 6,457 units sold in Q3 2023, indicating a 144.8% growth from the 2,638 units in Q3 2022.
This impressive growth trajectory is a testament to BMW's commitment to innovation and sustainability, reflecting the increasing consumer preference for eco-friendly and technologically advanced vehicles in the automotive market.
9. 2023 BMW iX - 5,541 units sold
The 2023 BMW iX, priced at $87,100 with a range of 305 miles, had sales of 5,541 units in Q3 2023, marking a 220.8% increase from the 1,727 units sold in Q3 2022, making it another best selling electric car.
This impressive sales performance reflects growing consumer confidence in electric vehicles and the BMW brand's successful adaptation to the evolving automotive market, further highlighting the iX's appeal in terms of luxury, performance, and sustainability.
10. Hyundai Ioniq 6 - 5,073 units sold
Lastly, the 2023 Hyundai Ioniq 6, one of the best selling electric cars, priced at $41,600 with a range of 240 miles, is a luxury all-electric sedan that reported 5,073 units sold in Q3 2023. As it was not available in 2022, a YOY comparison is not applicable.
The Ioniq 6's success is attributed to its sleek design, cutting-edge technology, and competitive pricing, making it a highly desirable option for consumers seeking an eco-friendly and stylish vehicle.
Top Best Selling Electric Cars in the US Market for Q3 2023:
|№||Model||Starting Price||Range||Q2 2023||Q3 2023|
|1||Tesla Model Y||$47,740||330||105,158||95,539|
|2||Tesla Model 3||$40,240||358||57,837||53,251|
|3||Chevy Bolt EV/EUV||$28,795||247||13,959||15,835|
|4||Ford Mustang Mach-E||$45,995||312||8,633||14,842|
|5||Hyundai Ioniq 5||$41,450||303||7,905||11,665|
|10||Hyundai Ioniq 6||$45,500||361||3,023||5,073|
|11||Tesla Model X||$98,490||348||7,010||4,699|
|15||Ford F-150 Lightning||$51,990||320||4,446||3,503|
|16||Tesla Model S||$88,490||405||5,257||3,132|
|36||Audi Q4 e-tron||$49,800||265||2,495||328|
The table presents the rankings of the top best-selling electric vehicles in the US for Q3 2023. Tesla Model Y retains its dominance, followed closely by the Model 3. Brands like Chevy, Ford, and Hyundai also showcase strong performances in this increasingly competitive market. The diverse price and range options available highlight the evolving landscape of the EV sector.
|№||Brand||Q3 2023||Q3 2022||YOY|
In conclusion, the electric vehicle (EV) market in the United States has seen remarkable growth in the third quarter of 2023, with a 49.8% year-over-year increase in sales, reaching 313,086 units. This surge is indicative of heightened consumer interest and environmental awareness. The Tesla Model Y leads as the best-selling EV, demonstrating Tesla's continued dominance in the market. However, other manufacturers like Ford, Chevrolet, and Hyundai are also showing significant gains, reflecting a diversifying market with a wide range of price points and vehicle capabilities. The substantial growth rates of brands like Hyundai and BMW highlight the dynamic nature of this sector. For a more detailed breakdown of the sales figures in the previous quarter, check out the best-selling electric cars, trucks, and SUVs in Q2 2023. Overall, the EV market in the U.S. is not just growing, but evolving rapidly, with a clear trend towards a more varied and competitive landscape.
The most sold electric car in 2023, based on data for the third quarter, was the 2023 Tesla Model Y, with 95,539 units sold.
In the third quarter of 2023, the electric vehicle (EV) market in the United States saw a significant surge in sales, reaching a total of 313,086 units. This marked a substantial increase of 49.8% compared to the same period in the previous year, where 209,030 units were sold. This growth in EV sales reflects the increasing consumer interest and awareness of environmental issues, showcasing the rapid acceleration of the electric car sector in the U.S.
In the third quarter of 2023, Tesla sold a total of 156,621 cars.
The electric vehicle (EV) market in the United States experienced significant growth in the third quarter of 2023. Sales soared to 313,086 units, marking a 49.8% increase compared to the same period in the previous year. This surge reflects growing consumer enthusiasm and heightened environmental consciousness. These figures indicate a rapidly evolving and diversifying market, with a wide range of price points and vehicle capabilities. Tesla continues to dominate the market, but other manufacturers like Ford, Chevrolet, and Hyundai are also making significant gains, highlighting the dynamic nature of the sector.