The EV market is certainly changing. These days, it's not all about Tesla, as more non-Tesla new vehicle dealers sell EVs. According to a new study from iSeeCars, the number of non-Tesla car dealers selling new EVs has more than tripled in the past three years with non-Tesla EV market share increasing 800 percent during that time frame.
Here are some more study highlights:
- Non-Tesla new car dealers selling electric vehicles in the U.S. increased from 16.5 percent to 55.1 percent between November 2020 and November 2023
- Non-Tesla electric vehicle market share has grown by more than 800 percent in the past three years
- Three small states, Delaware, Rhode Island, and Hawaii, have the highest percentage of new car dealers selling EVs, while larger, rural states like Montana, Wyoming, and Mississippi have the lowest percentage of new EV dealers
- The western states of California, Washington, and Utah have the highest percentage of used dealers selling EVs, while central states like Wyoming, Mississippi, and North Dakota have the lowest percentage of used EV dealers
- iSeeCars says larger dealers are far more likely to support EV sales because of the investment they require in training and on-site charging, which is likely keeping many medium and smaller car dealers from participating
Researchers also say used car dealers offering EVs haven't seen as much growth but still their numbers are rose dramatically -- up from 17.1 percent to 29.4 percent in the same three year period.
iSeeCars analyzed the inventories of over 82,000 new and used car dealers from November 2020 to November 2023. The percentage of dealers who offered at least one EV for sale in each month was tallied both nationally and by state and metro area.
For the full report iSeeCars report click here.
