NEW YORK: Tesla Motors Inc scored another (albeit small) win in the EV market. The latest data shows that the Model S is the most popular EV/ PHEV (plug-in hybrid electric vehicle) in the U.S. based on volume of new registrations. The U.S. continues to lead in terms of EV volumes, so holding the top spot domestically is certainly a win for Tesla.
According to IHS, almost 15,000 new EVs/ PHEVs were registered during the first quarter in the U.S. China came in second with almost 13,000 new registrations for electric vehicles or plug-in hybrids. Unfortunately for Tesla, however, the market share of EVs/ PHEVs in the U.S. remains very small at 0.8% of the total auto market.
Also IHS analysts blame two big factors for the small percentage of EVs/ PHEVs in the U.S.
