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Tesla easily passes BMW for the 2022 U.S. luxury crown

February 16, 2023
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Lexus, which had no electric models, was in fourth place in the luxury race with 260,668 registrations last year, for a 16 percent drop. Audi was in fifth place with 184,279 registrations, an 8.7 percent decrease from 2021. Audi’s EV registrations numbered 16,186 last year, Experian data showed.

Cadillac had 133,521 total new registrations, a 6.5-percent increase, for sixth place. The brand’s first EV, the Lyriq crossover, had only 157 registrations before the year ended.

Acura, which also had no electric models, suffered the biggest year-on-year decline among the luxe brands, falling 36 percent to 101,345 new registrations. Volvo was in eighth place with 97,744 for a 21 percent decline. Volvo’s EV registrations were 6,917 last year, Experian said.

Lincoln was in ninth place with 81,813 registrations, none of them EVs, for a 10 percent year-on-year decline. Porsche was No. 10 on the luxury list, with 64,610 registrations for a 5.4 percent decline. The performance brand had 6,803 registrations of its battery-electric Taycan sedan.

The bottom five brands were: Land Rover, Genesis, Infiniti, Alfa Romeo and Jaguar.

Tesla, with its sparse interiors and limited feature set, is considered a luxury brand by dint of its sticker prices, its performance capabilities and its advanced software. Tesla’s least expensive vehicle, the Model 3 sedan, starts at $44,630 with shipping. Its Model X crossover starts at $111,630 with shipping.

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