{"id":248442,"date":"2023-12-13T22:19:00","date_gmt":"2023-12-13T22:19:00","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=248442"},"modified":"2023-12-13T22:19:00","modified_gmt":"2023-12-13T22:19:00","slug":"u-s-bev-registrations-exceeded-100000-for-the-second-time-ever-in-october-2023","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/u-s-bev-registrations-exceeded-100000-for-the-second-time-ever-in-october-2023\/","title":{"rendered":"U.S. BEV Registrations Exceeded 100,000 For The Second Time Ever In October 2023"},"content":{"rendered":"

In October, the number of new all-electric car registrations in the United States increased once again.<\/p>\n

According to the registration data from Experian<\/em> (via Automotive News<\/em>), the total number of battery electric car (BEV) registrations during the first ten months of 2023 amounted to 955,509, which is about 58% more than a year ago and about 7.4% of the total market (up from 5.6% at this same time in 2022).<\/p>\n

<\/svg><\/span>Get Fully Charged<\/h3>\n

The all-electric car market is growing<\/p>\n

Regardless of many media reports, the all-electric car market in the United States is growing, reaching over 950,000 new registrations through October (up 58% year-over-year), a record 7.4% market share, and the first six-digit monthly volumes.<\/p>\n

Next month, when November registration data arrives, we should see more than one million new BEV registrations. Sales of the 1,000,000th unit in November was recently announced by BloombergNEF.<\/p>\n

Registration data lags behind sales\/deliveries, by at least several weeks, but can be used as a proxy of sales, especially since not all sales numbers are publicly available (specifically on a monthly basis).<\/em><\/p>\n

A comparison with the previous report for the January-September period allows us to calculate the number of new registrations in October, which amounted to roughly 102,000 (up about 38% year-over-year). That’s the second-best result ever, and the second time above 100,000 in a single month.<\/p>\n

The year-over-year growth rate in recent months is similar to the rebounding overall car market, which prevents EVs from seeing an increase in market share. It was about 7.4% in October.<\/p>\n

<\/p>\n

The Automotive News<\/em> article says that during the ten-month period, Tesla noted 537,622 new registrations (37% more than a year ago). The non-Tesla BEV registrations (calculated as the difference between the total and Tesla) amounted to 417,887 (up about 96% year-over-year) and over 43% share.<\/p>\n

Tesla’s share in the all-electric segment in the United States decreased to 56.3% from almost 65% a year ago.<\/p>\n

BEV registrations in January-October 2023:<\/p>\n