Tesla grabbed 59% of all US electric vehicle sales in Q4 2025, a jaw-dropping leap from 41% in Q3 2025 and its strongest quarterly performance since 2023. The data, analyzed from Cox Automotive figures by CareEdge, paints a picture of one company tightening its grip on a market that is, somewhat ironically, getting smaller.
Dominating a contracting market
Total EV sales in January 2026 came in at roughly 66,000 units, down 29.9% year-over-year. EVs accounted for only about 5.8% to 6% of total new vehicle sales in Q2 2026.
In January 2026, Tesla’s market share climbed to 60.5%, even as its own sales dropped 17% month-over-month. For the full year 2026, Tesla is estimated to account for roughly 45% of all new US EV sales, down from 49% in 2024. In Q2 2026, Tesla held 50.5% of the market on a quarterly basis.
The Model Y and Model 3 continue to do the heavy lifting. These two vehicles occupy the sweet spot of pricing and brand recognition that competitors have struggled to match.
