Tesla Dominates U.S. Fleet Electric Vehicle Market

In a monumental testament to Tesla‘s unassailable position in the electric vehicle (EV) landscape, recent research from S&P Global Mobility reveals that Tesla electric vehicle dominance isn’t confined to individual consumers alone. The company has also emerged as the preferred choice for U.S. fleets making the transition to electric power.

Tesla’s Commanding Presence

Over the last 13 months, spanning from July 2023, Tesla electric vehicles constituted an impressive one-third of all Electric Vehicle fleet acquisitions. The indomitable Model 3 and the versatile Model Y stood out as the most sought-after models, finding homes in a variety of fleets including daily rentals, corporate, and governmental acquisitions. Notably, the Model 3 led the charge, boasting nearly 10,000 units more than its closest contender.

Electric Vehicle purchases

This revelation comes as no great shock, given Tesla’s stature as the foremost producer of electric vehicles in today’s market. Although formidable competition from other industry players looms large, strategic alliances with rental giants like Hertz have kept Tesla firmly in the vanguard of fleet Electric Vehicle purchases.

The Champions of Fleet Electrification

Examining the registration data, the premier Electric Vehicle models in the U.S. fleet sector were the Tesla Model 3 (clocking in at 28,252 units), the Chevy Bolt (with 19,502 units), and the Model Y (garnering 11,149 units). In contrast, competitors from Ford, Rivian, Polestar, and others registered less than 10,000 units collectively during the same period.

Insights on Fleet Procurement Cycles

For additional insight, refer to S&P Global Mobility’s comprehensive list of the top 10 EVs adopted by U.S. fleet companies, depicted in the accompanying bar graph.

The authors of the report astutely note that fleet sales often follow a sporadic pattern, typically synchronized with specific procurement cycles. As a prime example, the report underscores that Tesla experienced a surge in Model 3 fleet sales, dispatching over 13,500 units in December 2022 and January 2023, interspersed with more modest figures, punctuated by two spikes of around 4,300 units each in July and October 2022.

Governmental Fleets: Chevy Bolt’s Dominance

Noteworthy is the Chevy Bolt’s commanding presence, securing a significant 39 percent share of Electric Vehicle registrations in governmental fleets, eclipsing the combined Ford EV contributions from the F-150 Lightning, E-Transit, and Mustang Mach-E. The Model 3, in contrast, claimed a mere 6 percent of government EV fleet registrations, on par with the Nissan Leaf.

Ford’s Endeavor: The F-150 Lightning Pro

This month, Ford rolled out fleet orders for the 2024 F-150 Lightning Pro, presenting a choice of six trim configurations.

Tesla’s Strategic Alliances: A Game-Changer

A standout moment in the EV fleet narrative unfolded in 2021 when Tesla and Hertz forged an alliance, culminating in the rental giant’s procurement of 100,000 Tesla EVs. The partnership extended further with Uber, with an additional 25,000 units integrated into the ride-hailing platform’s fleet earlier this year.

Conclusion: Pioneering the Electric Mobility Revolution

Tesla’s dominance in the U.S. fleet EV sector underscores not only its continued success among individual consumers but also its pivotal role in the larger shift toward electric mobility. As the EV market evolves, Tesla’s strategic collaborations and innovative offerings continue to secure its position at the forefront of the revolution.

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SOURCE : TESLARATI

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