In a surprising twist within the electric vehicle market, the Chevrolet Bolt has emerged as the best-selling non-Tesla EV in early 2024. Nearly 4,000 Bolt EVs and EUVs were sold in the first 45 days of the year. However, there’s just one big problem: General Motors already ended production of its best-selling EV in December.
With the current generation on its way out, and the next-gen Bolt Ultium still over a year away, will budget-minded EV shoppers have any options on the table in 2024?
What About Tesla?
First, we must address the elephant in the room (or parking garage?). In the United States, Tesla is without a doubt the EV sales leader right now. Last year, Tesla maintained a roughly 50% market share in American EV sales. Yes, that has trended downward from closer to 70% a few years ago, but no matter how you look at it, Tesla still dominates the segment.
As proof, here are the best-selling EVs in America in 2023. Tesla’s Model Y and Model 3 smashed the competition. However, it is impressive to see so many legacy OEMs climbing into serious volume in terms of US EV deliveries. This data comes from Kelley Blue Book.
Make | Model | 2023 US Sales |
---|---|---|
Tesla | Model Y | 394,497 |
Tesla | Model 3 | 220,910 |
Chevrolet | Bolt (EV/EUV) | 62,045 |
Ford | Mustang Mach-E | 40,771 |
Volkswagen | ID.4 | 37,789 |
Hyundai | IONIQ 5 | 33,918 |
Rivian | R1S | 24,783 |
Ford | F-150 Lightning | 24,165 |
Tesla | Model X | 23,015 |
BMW | i4 | 22,583 |
However, Tesla doesn’t publicly share sales data until the end of the quarter. So in our quest to find the best-selling electric vehicles in 2024 less than two months in, we turned to a special tool that you too can access: CarEdge Data.
Through our partnership with MarketCheck, CarEdge users are able to see vehicle price and sales stats for any new or used car on the market. Why does this matter? It all boils down to one word: leverage. By understanding real-time car market conditions for specific makes, models, and even trims, car buyers everywhere can negotiate effectively to save more and stress less.
These Are the Best-Selling EVs in 2024 (So Far)
Using CarEdge Data, we’re able to see recent sales totals for any vehicle sold through dealership networks. When we took a look at the best-selling EVs in 2024, our team was shocked at the leader. Have a look for yourself…
Make | Model | Total Sold (45 Days) | Market Supply (Days) |
---|---|---|---|
Chevrolet | Bolt (EV and EUV) | 3949 | 30 |
Cadillac | Lyriq | 2465 | 136 |
Hyundai | IONIQ 5 | 2365 | 188 |
Volkswagen | ID.4 | 2323 | 126 |
Ford | F-150 Lightning | 2238 | 241 |
Ford | Mustang Mach-E | 1908 | 572 |
Kia | EV9 | 1789 | 150 |
BMW | i4 | 1553 | 212 |
Nissan | Ariya | 1222 | 173 |
Hyundai | IONIQ 6 | 1112 | 179 |
Yes, the discontinued Chevrolet Bolt is the best-selling non-Tesla EV in America in 2024. How could this possibly be? Consider this: The Chevy Bolt’s average selling price is $23,000 BELOW the average selling price of electric vehicles in America. After falling substantially last year, average transaction prices have jumped back to $55,000. That’s 17% above the overall new car market.
The Bolt leading this list proves one major point: people want affordable EVs. The casual driver (in other words, not EV enthusiasts) are more willing to give electric cars a try when the price tag is lower. Are the automakers listening? Today’s insanely high market supply of EVs shows us that there are more than enough $50,000+ electric models on the market, and far too few EVs on sale for less than $40,000.
More Affordable EVs On the Way?
The simple answer is yes, more affordable EVs are coming soon. However, the most important question remains to be answered: will automakers produce large numbers of affordable EVs, or will they flood the market with $45,000+ higher-spec variants, while barely delivering any lower-trim, affordable versions? It’s not easy to find the base Kia EV9 or Ford F-150 Lightning, for example. If you want a top-of-the-line one, however, they’re everywhere you look.
Here’s a brief summary of the affordable EVs coming to market in the next few years.
Chevrolet Equinox EV
Starting price: $34,995
Base range: 250 – 300 miles of range
Available: Late 2024
What makes the Equinox EV so special? A few things: For 2024, the Bolt EV has been temporarily discontinued. At the same time, the Equinox EV will arrive as Chevrolet’s new affordable EV. It is A LOT better than the outgoing generation of the Bolt. The Equinox EV will most importantly include much faster charging, and in our opinion, better, more modern looks. Expect to charge the 2024 Equinox EV to 80% in less than 30 minutes. That’s about half the time it takes in an older Bolt.
Learn more about the Chevrolet Equinox EV at Chevrolet.com.
Redesigned Chevrolet Bolt Ultium
Starting price: N/A (CarEdge estimates $34,000 base price)
Base range: N/A (likely 250 – 300 miles)
Available: 2025
The redesigned, re-engineered Bolt Ultium just might be worth waiting for. It’s really going to have it all: faster charging, longer range, a better LFP battery, Tesla’s NACS charging standard, and supposedly, an affordable price. General Motors has confirmed that the next-gen Bolt is coming.
Tesla Model 2
Starting price: Estimated $25,000 – $30,000
Base range: N/A
Available: Estimated late 2025 – early 2026
Not much is known about Tesla’s upcoming cheapest model, aside from Elon Musk recently sharing that it is indeed approaching production. “We’re very far along on our next-generation low-cost vehicle,” CEO Elon Musk said at the fourth quarter 2023 earnings conference call. “And this is really going to be profound, not just in the design of the vehicle itself, but in the design of the manufacturing system.” We’ll share more information when we have it. Don’t expect this model to enter volume production until 2026.
Redesigned Hyundai Kona EV
Starting price: $32,675
Base range: 261 miles
Available: Today. Browse listings near you.
Although the 2024 Kona Electric does not qualify for the EV tax credit, it is affordable. There’s really only one thing we don’t like about this car. The 2024 Kona Electric didn’t get much of a battery upgrade from the previous generation, meaning that it STILL charges quite slowly. You can expect to add 200 miles of driving range in about 40 minutes in the best of conditions at a DC fast charger. If you don’t travel long distances often, this might not matter to you.
Learn more about the 2024 Kona Electric.
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