Top 10 Electric Cars in the U.S. — Most Popular EVs

Electric car sales have skyrocketed, even during a market slump. We list the top-selling EVs in the U.S. Who knows, you might be driving one in years to come.

Tesla Model Y
(Image credit: Getty Images)

EV car sales have skyrocketed in the U.S., even during a car market slump. It’s a trend that's impossible to ignore — that the market already seems to be consolidating around the idea that the future of cars is electric. According to Forbes, in Q2 2022, sales of electric vehicles accounted for 5.6% of the total automotive sales, worth around 229.07 billion. Per a recent report published by Extrapolate, the electric vehicle market is set to surpass 691.56 billion by 2028. To add to the trifecta of research studies, Goldman Sachs Research forecasts that electric vehicles will make up half of all global car sales by 2035.

This massive increase in sales interest can be attributed to a number of factors including energy efficiency (which has jumped into focus as energy costs and gas prices have soared), improved performance, more choice of cars, and of course, government incentives (the EV tax credit). The EV tax credit — part of the improved Inflation Reduction Act that passed in August 2022 — is designed to encourage the use of “clean” vehicles. The act includes a $7,500 credit for people buying electric cars and extends the tax credit to 2032. The exact amount of the credit is based on a calculation that considers factors like the vehicle’s sourcing and assembly.

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Lead Digital Producer, Kiplinger.com

Quincy is the digital producer at Kiplinger. He joined Kiplinger in May 2021. Before, he worked at Agora Financial - Paradigm Press and was a contributing writer for several other online media publications.

In his current role at Kiplinger, Quincy manages Kiplinger's newsletters, including Kiplinger Today, Investing Weekly, Tax Tips, Kiplinger’s Special Report, and Closing Bell. At the same time, he writes numerous articles every month. 

When he’s not working, he’s taking his dogs for a walk or fishing.