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Tesla's dominance fades as EV adoption grows

Data: S&P Global Chart: Tory Lysik/Axios Visuals

Electric vehicles (EVs) accounted for 7% of new vehicle registrations in the U.S. in January, up from 4.1% in January 2022 — another sign that the EV transition is gaining momentum.

  • As the overall EV pie grows, Tesla's market share continues to shrink.
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