Electric vehicles took the US auto market by storm in 2022 and for good reason. Demand for zero-emission EVs has never been higher. Check out the top ten best-selling electric vehicles of 2022, and learn why they earned a spot on the list.
What are the best-selling electric vehicles of 2022?
While the broader US auto market slumped this past year, electric vehicles were a bright spot. Automakers more than doubled their investments to catch EV pioneer Tesla and solidify their futures.
Fully electric vehicle sales reached over 800,000 in the United States, nearly doubling from 2021 to reach almost 6% overall market share, according to the latest figures from Motor Intelligence.
A significant reason for the uptick in demand is due to additional EV models available on the market. On top of this, new government incentives provided by the Inflation Reduction Act, passed in August, provide buyers with up to $7,500 for new EVs and up to $4,000 for used ones.
Tesla remains on top by a far margin, accounting for 65% of total EV sales in the United States in 2022. However, other automakers that were fast to react to the rapidly evolving market, like Ford, Hyundai, and GM, are beginning to claim their shares.
Ford sold 61,575 electric vehicles in 2022, claiming the second-largest US EV marker. Hyundai and Kia both set sales records last year due to strong demand for their electric models as the brands gear up for an even bigger 2023.
Meanwhile, GM says it had the “#1 mainstream EV in Q3 and Q4” (we assume not counting Tesla) in their most recent sales update. So, what are the best-selling electric vehicles driving the success? Here’s a list of the top ten EVs sold in the United States and why they earned a spot on the list.
#10 Ford F-150 Lightning
Ford F-150 Lightning Source: Ford
Ford raced its way to becoming the US’s second best-selling EV maker last year by converting its legendary brands into fully electric powerhouses.
It started with the Mustang Mach-E (which also made the list) as Ford later converted its best-selling F-series to meet the demands of the new EV era.
The F-150 Lightning was revealed to the world in May 2021 and, by the end of the year, already had over 200,000 reservations or three years of backlog. After ramping production, the Ford F-150 Lightning became the number one electric truck in the United States in December and best selling since its release in May.
The electric pickup offers ample storage with a 14.1 cubic ft Mega-Power Frunk and advanced capabilities like onboard power that can be used to power home essentials, a campsite, or workstation, etc.
Ford’s electric truck is capable enough for those looking to switch from its gas-powered peers while gaining a massive tech upgrade.
#9 Volkswagen ID.4
Volkswagen ID.4 Source: VW
Volkswagen sold 20,511 ID.4’s in the United States last year as demand for VW’s first all-electric SUV continued building.
The VW ID.4, based on the MEB platform, began production in 2020 and has since risen to become one of the top-selling EVs as a practical everyday SUV with plenty of range (up to 275 miles EPA estimated range) for your daily travels. With a starting price of less than $40,000, the ID.4 gives you that luxury feel without paying the premium.
On top of this, the EV includes VW’s advanced driver assistance tech called IQ.DRIVE, featuring travel assist, adaptive cruise control, active blind spot monitor, front assist, and more.
Volkswagen’s ID.4 makes a great first EV for those looking for a roomy, safe vehicle for a decent starting price.
#8 Kia EV6
Kia EV6 Source: Kia
Kia hit the ground running in one of the most impressive brand transformations the auto industry has seen for some time. The automaker’s first dedicated electric vehicle, the Kia EV6, has a sharp style and is fun to drive with surprising performance.
Sitting on The Hyundai Motor Company’s E-GMP platform, the EV6 was revealed by Kia in May 2021. It’s an all-electric sport crossover fit for the modern era.
The Kia EV6 comes with up to 310 miles range, 18 min fast charging (10% to 80%), vehicle-to-load capabilities, and much more. For those who like a little more thrill out of their ride, the Kia EV6 GT comes loaded with 576 hp, enough to beat a Ferrari and Lamborghini in a race.
#7 Hyundai IONIQ 5
Hyundai IONIQ 5 Source: Hyundai
Hyundai, who owns a controlling interest in Kia, has also successfully broken into the EV market, introducing its “game-changing” IONIQ 5 SUV.
Introduced in February 2021, the bold, futuristic-looking IONIQ 5 has already won several awards, capturing the hearts of many drivers making the switch to fully electric. The IONIQ 5 also sits on the E-GMP platform as Hyundai reimagined every detail for its first dedicated EV.
Hyundai’s IONIQ 5 is another practical SUV, like the ID.4 and EV6, with up to 303 miles EPA range for a decent starting price.
#6 Tesla Model X
Tesla Model X Source: Tesla
Tesla still has a massive lead in terms of production capabilities, and its first SUV, the Model X, continues seeing strong demand despite smaller, more affordable Tesla models being launched.
The Model X is the largest EV in Tesla’s lineup (excluding Cybertruck and Semi) and sports long-range capabilities (348 mile EPA range), AWD dual motor, a sizeable 7-seat interior, 88 cu ft cargo space, and 5,000 lbs towing capacity.
With over 1,020 hp peak power, the Model X Plaid is the quickest accelerating of any SUV (0 to 60 mph in 2.5 seconds) and still offers 333 EPA estimated range.
For a while, the Model X was the go-to electric family car, but with more cost-effective options hitting the market, many wondered if sales would slow. For now, the Model X continues its reign.
#5 Chevy Bolt EV/EUV
Chevy Bolt EUV Source: Chevrolet
The Chevy Bolt EV and EUV models had a massive year in 2022 despite resuming production in April due to a recall in 2021.
GM said the Chevy Bolt was the “number 1 mainstream EV in the Q3 and Q4,” ending the year on a high note. With a starting price of just over $25,000, the Bolt EV is the cheapest electric vehicle in the US, but that doesn’t mean it’s any less functional.
The Chevy Bolt EV is quick, fun to drive, and still offers a decent range (259-mile EPA range) which is why it won Electrek’svehicle of the year in 2022.
#4 Tesla Model S
Tesla Model S Source: Tesla
The Tesla Model S speaks for itself. It’s super sleek, offers ultra-long-range capabilities (405 miles EPA est), and features unparalleled performance.
The all-electric luxury Model S sedan was a primary driver behind the mainstream EV movement with quick acceleration (0 to 60 in 3.1 seconds), extended range, and confident handling.
It also features ample storage and a modern interior, making it a practical drive and still one of the best luxury EVs on the market, with a starting price of $104,990.
#3 Ford Mustang Mach-E
Ford Mustang Mach-E Source: Ford
Ford is another legacy automaker that embraced the electric vehicle movement, carrying its iconic Mustang brand into the new EV era.
The Mustang Mach-E was introduced in 2019 and has steadily gained momentum since. The five-seat SUV starts at $46,895, offering a smooth, quiet ride with ample range.
Ford’s Mach-E features a spacious interior, over-the-air software updates, and advanced safety features. Furthermore, with several different trims offering a mix of range and performance capabilities, you are sure to find the right model for you.
#2 Tesla Model 3
Tesla Model 3 Source: Tesla
Tesla introduced the Model 3 to reduce the entry price to own an electric vehicle without sacrificing range or performance.
Customers began receiving their Model 3s in 2018, and the model quickly became the best-selling electric vehicle at the time. The Tesla Model 3 offers the same Tesla spirit, with plenty of power and superior handling.
The four-door EV is built for safety, achieving a five-star NHTSA rating in every category, quick acceleration (0 to 60 mph in 3.1 seconds), long-range capabilities (358-mile EPA range), and a starting price of $46,990.
#1 Tesla Model Y
Tesla Model Y Source: Tesla
The Model 3 was the best-selling electric vehicle, of course, until the Model Y hit the market.
The Tesla Model Y began rolling out in 2020 and has exploded in popularity ever since. After edging out gas-powered vehicles in Europe for the best-selling car title, the Model Y looks to do the same in the United States, already placing among the top ten overall vehicle sales. In fact, the Tesla Model Y is on its way to becoming the top-selling car globally, and for good reason.
Tesla’s Model Y comes with an AWD dual motor, 76 cu ft storage, and 330-mile range, all for a starting price of $65,990.
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David Sacks, U.S. President Donald Trump’s “AI and Crypto Czar”, speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC.
Anna Moneymaker | Getty Images
The Trump-tech alliance is showing its first real sign of distress. And it’s because of crypto.
President Donald Trump counted on crypto execs and investors for a hefty portion of his 2024 campaign funds. He promised to reward them handsomely if elected by slashing regulations and by turning the U.S. into “the crypto capital of the planet and the bitcoin superpower of the world.”
The president got off to a quick start, signing an executive order calling for the establishment of a working group on digital assets and pardoning Silk Road creator Ross Ulbricht. The SEC also dropped its years-long probe into Coinbase.
While those moves were lauded by the most vocal techies who backed Trump’s candidacy, over the weekend the president took it a step too far in their view. In a post on Truth Social on Sunday, Trump announced the creation of a strategic crypto reserve for the U.S. that would include not just bitcoin but several other digital currencies — ether, XRP, Solana’sSOL token and Cardano’s ADA.
For the most part, Trump’s crypto backers all wanted a strategic bitcoin reserve. Such a move would entail using cash to buy bitcoin, which is widely viewed by crypto enthusiasts as a smart way to deploy capital into a decentralized currency that’s an alternative to hard money. As Coinbase CEO Brian Armstrong wrote on X, bitcoin offers a “clear story as successor to gold.”
By going well beyond bitcoin, the critics say, Trump would be using U.S. taxpayer money to buy much riskier assets that have unproven value and have the potential to bolster the net worth of a select few investors who own the coins. That’s all the more problematic to those who want to axe government spending by trillions of dollars, in support of Elon Musk’s cost-cutting mission at the so-called Department of Government Efficiency.
“Taxation is theft,” wrote Joe Lonsdale, founder of venture firm 8VC and a vocal Trump supporter, in a post on X. “It should be kept to a minimum. It’s wrong to steal my money for grift on the left; it’s also wrong to tax me for crypto bro schemes.”
David Sacks, the venture capitalist who was tapped by Trump to be the “White House AI and crypto czar,” took exception to Lonsdale’s comment, suggesting it’s premature to jump to any conclusions. Sacks and Lonsdale are part of the same conservative circle in the tech world, with Musk and Peter Thiel at the center.
“Nobody announced a tax or a spending program,” Sacks wrote, in response to Lonsdale’s post. “Maybe you should wait to find out what’s actually being proposed.”
The White House didn’t respond to a request for comment.
But Lonsdale was far from alone.
Naval Ravikant, a longtime tech investor and early crypto evangelist, wrote after the announcement that, “The US taxpayer should not be exit liquidity for cryptocurrencies that are decentralized in name only.” And Vinny Lingham, creator of blockchain startup Civic and a big crypto influencer, wrote, “Call me old fashioned but I don’t think the government should be pumping our crypto bags with taxpayer money while we are running a near $2trn deficit.”
Agreement across the industry
A major Trump supporter and big name in crypto joined the chorus on Monday. Billionaire bitcoin investor Tyler Winklevoss, who wrote just before the November election that you should vote for Trump “if you care about the future of crypto, free speech, justice, liberty, and democracy,” came out against the president’s crypto reserve plan.
“I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve,” Winklevoss wrote. “Only one digital asset in the world right now meets the bar and that digital asset is bitcoin.”
David Marcus, the former head of Facebook’s failed crypto project, suggested that the majority of his peers in the crypto community have the same view.
“Most—if not all—of the non-conflicted industry leaders are agreeing about this,” Marcus wrote, in reposting Winklevoss’ comment.
Marcus, who’s now CEO of payments infrastructure startup Lightspark, declared in July that he was “crossing the Rubicon” and shifting his support to Trump and away from Democrats.
Anthony Pompliano, a loud pro-Trump voice in crypto investing, committed over 1,500 words in his newsletter on Monday to the topic. He says Trump is willing to propose an agenda of buying risky tokens on behalf of the U.S. because the wrong people got to him.
“We watched crypto projects, lobbyists, and special interest groups co-opt the President of the United States,” Pompliano wrote. “They told the President that any crypto-related reserve should hold tokens that were ‘made in America.’ This pitch was the perfect trap for a President who ran on the America First agenda.”
Some of the wrath online was directed specifically at Sacks, who touted and backed various cryptocurrencies as a VC prior to joining the Trump administration, and whose firm, Craft Ventures, is an investor in crypto index fund manager Bitwise.
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025.
Paul Yeung | Bloomberg | Getty Images
Sacks wrote in a post on X that he sold all of his crypto, including bitcoin, ether and SOL, before taking on his new role and “will provide an update at the end of the ethics process.”
By late afternoon Monday, crypto prices had staged a dramatic reversal from their weekend rally that followed Trump’s announcement. Bitcoin fell about 9%, while ether slid 15%. XRP and SOL dropped even more.
The slide appeared tied to President Trump’s confirmation of forthcoming tariffs, which hammered risky assets across the board and sent the Nasdaq down almost 3% at the close of trading.
There were some voices in crypto who were less willing to publicly slam Trump’s reserve plan.
Michael Saylor, the chairman of Strategy, which has effectively emerged as a bitcoin proxy due to its roughly $43 billion stash, told CNBC on Monday that he wasn’t surprised about Trump’s decision to include additional cryptocurrencies.
“There’s no way to interpret this other than this is bullish for bitcoin and bullish for the entire U.S. crypto industry,” Saylor said. “I believe the best thing for the country is to move forward with an enlightened progressive policy toward digital assets.”
Jonathan Jachym, global head of policy and government relations at Kraken, told CNBC that the crypto exchange is “encouraged to see that announcement” and that it shows the president is “staying true to commitments.”
Even among the skeptics, Trump doesn’t appear to be losing broader support for his agenda just because of this one announcement. Backers like Lonsdale have been quick to post about other matters, complimenting actions taken by Defense Secretary Pete Hegseth and Trump for pressuring Mexican drug cartels.
But coming just six weeks into Trump’s second administration, the reaction shows how quickly the outrage machine can activate when a proposal touches the nerve of a critical group of supporters. The debate adds interest to Trump’s first White House Crypto Summit on Friday, when investors will eagerly be awaiting more details.
As Sacks wrote on March 2, in his first post about the announcement of the strategic reserve, “More to come at the Summit.”
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.
Hamad I Mohammed | Reuters
Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023.
The company said it expects total dividends for 2025 of $85.4 billion — a significant fall from 2024’s total of $124.2 billion.
This comes as it cut its total payout for the fourth quarter. The oil giant said its base dividend for the final three months of the year would be increased to $21.1 billion, but its performance-linked payout would be just $200 million. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend of $10.8 billion.
Lower oil prices hit the company’s net profit last year as crude production around the world increased and demand slowed. The price of global benchmark Brent crude futures averaged $80 per barrel in 2024, $2 less than the 2023 average, according to the U.S. Energy Information Administration.
Aramco’s revenue fell to $436.6 billion in 2024, compared to $440.8 billion the year before.
Full-year total borrowings at the company were up, rising to $319.3 billion in 2024 from $290.14 billion during the previous year. The company’s net debt, however, decreased from $102.7 billion in 2023 to $78 billion in 2024.
A dozen Tesla vehicles burned at a store in Toulouse, France. Arson is suspected amid global protests and vandalism attacks against Tesla and Elon Musk.
Last night, a dozen Tesla vehicles burned down at Tesla’s retail and service location in Plaisance-du-Touch near Toulouse, France.
Firefighters arrived on the scene at around 4 a.m. and contained the fire to the vehicles. Eight of them were completely destroyed, and four were greatly damaged. The damages are estimated at over 700,000 euros.
According to the local news (translated from French), the police suspected arson as a hole was found in a fence, and threats had been made over the last few weeks. The Tesla location remained closed all day.
In France, there were a few protests planned, but some extremist groups are calling for widespread arson against Tesla stores:
I won’t share the link to the article since it gives step-by-step instructions on how to burn down Tesla stores without getting caught, but the manifesto explains that they are going after Tesla as a “symbol of capitalism,” although they also list a dozen other reasons including the fact that they think it’s “doable and cheap.”
Electrek’s Take
This is getting nuts. It’s not only dangerous, but it’s also not super effective in achieving the goal they claim to want to achieve.
Have they never heard of insurance? Tesla is having issues selling cars right now. You are burning unsold inventory that they can then claim to their insurance.
Sure, it disrupts their operations for a short period of time, but it’s not worth it.
Their manifesto does say to avoid violence and not to target vehicles owned by individuals – though it doesn’t sound like a strict rule for them, but I think these people are likely going to end up in jail for having achieved nothing.
The protests and boycotts are going strong. You don’t need to burn cars to make yourself heard.
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