VinFast ranks 23rd in US EV sales

During the quarter, Americans bought 268,909 new EVs, according to Kelly Blue Book (KBB), a company that researches the auto industry. The EV market share was 7.3%, down from in the fourth quarter of 2023.

EV sales are still growing in the U.S., but the annual growth rate has decreased sharply. Sales in the first quarter of this year increased by only 2.6% year-on-year, and decreased by 15.2% from the previous quarter.

But at least nine companies reported an increase of more than 50% year-on-year. The list only includes brands that sold at least 100 EVs during the quarter.

VinFast ranked 23rd and above Mini, BrightDrop and Jaguar. It sold 927 vehicles, all VF 8s, an SUV. In the U.S., a VF 8 costs US$47,000.

VinFast accounts for 0.3% of the U.S. EV market. Its sales increased by 743% from a year earlier because it only began to ship cars to the U.S. at the end of 2022.