Please ensure Javascript is enabled for purposes of website accessibility

A Foolish Take: America's 5 Best-Selling Electric Vehicles

By Leo Sun - May 28, 2018 at 12:00PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Tesla still rules the EV market.

Electric vehicles (EVs) only account for a sliver of the global auto market, but better batteries, lower price tags, government incentives, and improvements in charging infrastructure should boost sales over the next few years.

The global EV market could grow at a compound annual growth rate of 21.4% between 2018 and 2026, according to ReportBuyer. In United States, Tesla (TSLA 1.24%) sold three of the country's five best-selling EVs in the first four months of 2018.

Chart showing the five most popular EVs in 2018.

Data source: InsideEVs. Chart by author.

Tesla's Model 3 is its cheapest EV, sporting a starting price of $35,000. It travels up to 310 miles on a single charge. Its Model S sedan travels up to 335 miles on a single charge and has a starting price of $74,500. The Model X, its luxury sport utility vehicle, has a max range of 295 miles and a starting price of $79,500.

Toyota's Prius Prime plug-in hybrid starts at just $27,100, while General Motors' Chevy Bolt EV starts at $37,500. These vehicles lack Tesla's brand appeal, but Tesla is still struggling with production bottlenecks. If Tesla can't deliver more vehicles on time, bigger automakers like Toyota and GM could gain ground.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Tesla, Inc. Stock Quote
Tesla, Inc.
$681.79 (1.24%) $8.37

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/05/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.