Electric vehicle (EV) adoption reached new heights in 2024, with Americans purchasing 1.3 million EVs, setting a remarkable new record. A late surge in sales during the fourth quarter, with a 15.2 percent year-over-year increase, underscored the growing demand for cleaner transportation options.
While the overall growth rate of EV sales has slowed compared to previous years, the upward trajectory remains steadfast. EV sales increased by 7.3 percent compared to 2023, signaling sustained interest in these vehicles. Meanwhile, the dominance of gasoline-powered cars continues to wane as more consumers embrace electrified options. Let’s delve into the details of this transformative year for the auto industry.
Tesla Still Dominates, but the Landscape Evolves
Tesla, long regarded as the trailblazer in the U.S. EV market, retained its leading position but saw its market share shrink as new competitors entered the field. Despite this, Tesla’s Model Y SUV and Model 3 sedan were once again the top-selling EVs of the year.
However, Tesla’s sales volumes declined, with over 37,000 fewer vehicles sold in 2024 compared to 2023. This decline coincided with General Motors adding a similar volume of sales, showcasing the growing competition. One standout newcomer was Honda’s Prologue SUV, which debuted in March and quickly climbed to the seventh spot, becoming the best-selling non-Tesla EV in the fourth quarter.
Top 10 Best-Selling EVs of 2024
Below is a detailed chart of the year’s top-selling EVs:
| Rank | Model Name | Total Sales | Vehicle Description |
|---|---|---|---|
| 1 | Tesla Model Y | 313,699 | Compact utility vehicle |
| 2 | Tesla Model 3 | 142,100 | Compact sedan |
| 3 | Ford Mustang Mach-E | 56,337 | Compact utility vehicle |
| 4 | Hyundai Ioniq 5 | 44,400 | Compact utility vehicle |
| 5 | Tesla Cybertruck | 38,965 | Full-size electric pickup |
| 6 | Ford F-150 Lightning | 33,150 | Full-size electric pickup |
| 7 | Honda Prologue | 33,017 | Compact utility vehicle |
| 8 | Chevrolet Equinox | 28,873 | Compact utility vehicle |
| 9 | Cadillac Lyriq | 28,398 | Luxury utility vehicle |
| 10 | Rivian R1S | 19,712 | Electric sport utility vehicle |
Anticipating Continued Growth in 2025
Electric vehicles accounted for 8.7 percent of all new cars sold in 2024, a significant milestone in the broader shift toward electrification. The outlook for 2025 is even more promising, with analysts predicting that EVs could surpass 10 percent of total new car sales.
This optimism is fueled by advancements in charging infrastructure, increased factory discounts, and the introduction of new models across multiple segments. Additionally, one-quarter of all new cars sold in 2025 are expected to feature some form of electrification—whether hybrid, plug-in hybrid, or fully electric.
The Road Ahead
The EV market in the United States is undergoing a dynamic transformation. While Tesla remains a dominant force, emerging competitors are carving out their share, giving consumers more options than ever before. Policies and incentives will play a crucial role in shaping future sales, but one thing is certain: the momentum behind EV adoption shows no signs of slowing.
As 2025 unfolds, expect more innovation, competition, and opportunities to embrace the electrified future of transportation.
Sources
Sales, 2. (2024, January 31). 2024 U.S Auto Sales Figures – By Model (All Vehicle Ranked). GoodCarBadCar.
Tucker, S. (2025, January 14). America Set EV Sales Record in 2024. Kelley Blue Book.
