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Electric Vehicle sales peaked in Q4 2021, Tesla dominates market share with 72%: KBB
A new report from Kelley Blue Book indicates electric vehicle sales peaked in the United States in Q4 2021, accounting for 4.5 percent of all automobile sales in the final three months of the year. Despite widespread parts and chip shortages that plague the industry to this day, 2021 was the United States EV industry’s most successful year, with nearly 148,000 electrified units sold. Tesla led all manufacturers in the EV segment with 72 percent of all EV sales for the year.
The KBB report says nearly 500,000 fully-electric vehicles were purchased last year. However, it seems the entire landscape of the “electrified” category is picking up traction. Whether it would be a fully-electric car, hybrid, or plug-in hybrid, consumer data seems to show more emphasis on buying sustainable vehicle options. While fully-electric models are preferred for environmental reasons, KBB also includes plug-in and standard hybrid sales in its estimate of electrified vehicles sold, which amounts to nearly 1.5 million, it says.
“Electrified vehicle sales accounted for 9.7% of all sales in 2021, and in the fourth quarter, 11.8% of sales were electrified,” KBB said in the report. “Yet sales might have increased even more last year if inventory and supply issues had not been as problematic. For example, battery and production troubles all but eliminated Chevrolet Bolt and Bolt EUV sales in the second half of the year, and hybrid-leader Toyota struggled with inventory throughout much of the fourth quarter.”
It is important to note that electrified vehicles include battery-electric, hybrid, and plug-in hybrid powertrains.
In the fully-electric segment, Tesla stayed atop the leaderboard in terms of market share, owning 72 percent of all EVs sold in 2021. Tesla owned 80 percent of the market share in 2020, but the company increased its overall delivery figures by 71 percent, delivering over 934,000 cars last year. Additionally, the loss of market share should not be considered a negative in Tesla’s eyes, given the company’s mission. Tesla continues to fend off competitors that emerge nearly every day. Q4 was especially potent, as 25 different EV models sold during the quarter, meaning there are plenty of options besides the four in Tesla’s lineup. Despite plenty of attractive options from other manufacturers, Tesla still remains the most purchased full-EV manufacturer in the market by a considerable margin.
According to a more in-depth analysis of the figures from KBB parent company Cox Automotive, the Model 3 was the second most popular EV in the country, being outsold only by the Model Y, which reached a whopping 39.1 percent of the total market share in the United States. The third-most-popular car in the U.S. automotive market for EVs was the Mustang Mach-E from Ford, accumulating 27,140 sales and 5.6 percent of the EV market share.
Tesla Model Y wins Cars.com’s Best Electric Vehicle of 2022 award
2021 presented encouraging figures for the growth of the EV sector in the U.S. It will be interesting to see what 2022 brings as more electrified models are set to hit the market before the year ends. The biggest catalyst to EV sales in the coming years could be the emerging EV pickup market, which will have new additions with the Ford F-150 Lightning in 2022, and Tesla Cybertruck and Chevrolet Silverado EV in 2023.
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Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
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Tesla Megapacks chosen for 548 MWh energy storage project in Japan
Tesla plans to supply over 100 Megapack units to support a large stationary storage project in Japan, making it one of the country’s largest energy storage facilities.
Tesla’s Megapack grid-scale batteries have been selected to back an energy storage project in Japan, coming as the latest of the company’s continued deployment of the hardware.
As detailed in a report from Nikkei this week, Tesla plans to supply 142 Megapack units to support a 548 MWh storage project in Japan, set to become one of the country’s largest energy storage facilities. The project is being overseen by financial firm Orix, and it will be located at a facility Maibara in central Japan’s Shiga prefecture, and it aims to come online in early 2027.
The deal is just the latest of several Megapack deployments over the past few years, as the company continues to ramp production of the units. Tesla currently produces the Megapack at a facility in Lathrop, California, though the company also recently completed construction on its second so-called “Megafactory” in Shanghai China and is expected to begin production in the coming weeks.
READ MORE ON TESLA MEGAPACKS: Tesla Megapacks help power battery supplier Panasonic’s Kyoto test site
Tesla’s production of the Megapack has been ramping up at the Lathrop facility since initially opening in 2022, and both this site and the Shanghai Megafactory are aiming to eventually reach a volume production of 10,000 Megapack units per year. The company surpassed its 10,000th Megapack unit produced at Lathrop in November.
During Tesla’s Q4 earnings call last week, CEO Elon Musk also said that the company is looking to construct a third Megafactory, though he did not disclose where.
Last year, Tesla Energy also had record deployments of its Megapack and Powerwall home batteries with a total of 31.4 GWh of energy products deployed for a 114-percent increase from 2023.
Other recently deployed or announced Megapack projects include a massive 600 MW/1,600 MWh facility in Melbourne, a 75 MW/300 MWh energy storage site in Belgium, and a 228 MW/912 MWh storage project in Chile, along with many others still.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Tesla highlights the Megapack site replacing Hawaii’s last coal plant
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Elon Musk responds to Ontario canceling $100M Starlink deal amid tariff drama
Ontario Premier Doug Ford said, opens new tab on February 3 that he was “ripping up” his province’s CA$100 million agreement with Starlink in response to the U.S. imposing tariffs on Canadian goods.
Elon Musk company SpaceX is set to lose a $100 million deal with the Canadian province of Ontario following a response to the Trump administration’s decision to apply 25 percent tariffs to the country.
Starlink, a satellite-based internet service launched by the Musk entity SpaceX, will lose a $100 million deal it had with Ontario, Premier Doug Ford announced today.
Starting today and until U.S. tariffs are removed, Ontario is banning American companies from provincial contracts.
Every year, the Ontario government and its agencies spend $30 billion on procurement, alongside our $200 billion plan to build Ontario. U.S.-based businesses will…
— Doug Ford (@fordnation) February 3, 2025
Ford said on X today that Ontario is banning American companies from provincial contracts:
“We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy. Canada didn’t start this fight with the U.S., but you better believe we’re ready to win it.”
It is a blow to the citizens of the province more than anything, as the Starlink internet constellation has provided people in rural areas across the globe stable and reliable access for several years.
Musk responded in simple terms, stating, “Oh well.”
Oh well https://t.co/1jpMu55T6s
— Elon Musk (@elonmusk) February 3, 2025
It seems Musk is less than enthused about the fact that Starlink is being eliminated from the province, but it does not seem like all that big of a blow either.
As previously mentioned, this impacts citizens more than Starlink itself, which has established itself as a main player in reliable internet access. Starlink has signed several contracts with various airlines and maritime companies.
It is also expanding to new territories across the globe on an almost daily basis.
With Mexico already working to avoid the tariff situation with the United States, it will be interesting to see if Canada does the same.
The two have shared a pleasant relationship, but President Trump is putting his foot down in terms of what comes across the border, which could impact Americans in the short term.
Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
Tesla Megapacks chosen for 548 MWh energy storage project in Japan
