Tesla expands share of US electric-vehicle market as gasoline prices rise

Tesla’s US vehicle deliveries climbed by roughly 15% in the third quarter, lifting its share of the domestic electric-vehicle market to about 54%, up from the previous period. Overall US EV sales increased by around 6% compared with the prior quarter, yet sales of competing brands slipped by roughly 3%. The rise in gasoline prices, now above $4 a gallon, is cited as a factor encouraging consumers to consider electric models, especially those who can charge at home.

Despite the market growth, total EV sales remain about 40% lower than a year earlier, reflecting a post-incentive slowdown. Tesla’s sales are heavily concentrated in the Model Y and Model 3, which together account for roughly 97% of its US deliveries, while the Cybertruck moved over 4,300 units. The company has discontinued the Model S and Model X, with the Roadster slated for a 2028 launch.