When it's time to buy a new car, most existing EV owners go for another electric
really like them, according to U.S. vehicle registration data, which shows most EV owners tend to buy an EV for their next car, too.The data reveals a growing embrace of electric cars as automakers and the federal government pour billions of dollars intoAxios is tracking the historic shift away from gasoline by examining vehicle registration data from S&P Global Mobility.
The number of EV models available in the U.S. jumped from 27 in July 2021 to 45 a year later. That number is expected to reach almost 150 by 2025, per S&P Global Mobility.Tesla's Model Y and Model 3 continue to dominate. Those two models alone accounted for 51% of all new EV registrations in July . "That's an amazing statistic," says Libby. "Not only are they selling a lot, they’re keeping the owners. That’s a very powerful combination."As rivals introduce new models, Tesla's U.S. market share will inevitably shrink as the overall pie grows. In fact, that's already happening.Tesla's third-quarter deliveries fell short of expectations due to what the company blamed on logistics challenges, but some investors areEVs accounted for 5.
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