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 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.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read Next:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
