The newest information reveals Tesla (TSLA) nonetheless holds a powerful 18% market share of the worldwide electrical automotive market.

That’s about to alter, and it’s not going to be a foul factor for Tesla, who’s about to get a smaller piece of a a lot greater pie.

For years now, Tesla has been main the electrical car market (BEV and PHEV) with massive quantity manufacturing and deliveries of a number of car packages.

Mannequin 3 and Mannequin Y are main EV gross sales in lots of markets, whereas Mannequin S and Mannequin X are nonetheless beating many different electrical autos by way of quantity.

Different automakers have solely been capable of obtain a fraction of Tesla’s gross sales within the sector as they principally caught to low quantity compliance electrical vehicles.

The result’s that Tesla now holds roughly 18% of the worldwide electrical car market year-to-date in 2020 with Volkswagen coming at a distant second with solely a 3rd of Tesla’s quantity (by way of EV Sales Blogspot):

Pl. Manufacturers Sept gross sales 12 months-to-Date gross sales Market share
1 Tesla 65,814 316,820 18%
2 Volkswagen 24,035 113,091 6%
3 BYD 18,631 104,176 6%
4 BMW 15,525 101,270 6%
5 Renault 13,300 68,928 4%
6 Mercedes-Benz 17,836 68,855 4%
7 Volvo 11,838 67,561 4%
8 Audi 12,385 67,304 4%
9 Hyundai 11,510 63,679 4%
10 Kia 10,937 59,840 3%
11 SGMW 19,023 58,785 3%
12 SAIC 9,967 51,275 3%
13 Peugeot 6,994 43,498 2%
14 Nissan 6,936 42,181 2%
15 GAC 7,083 39,833 2%
16 Toyota 5,144 31,101 2%
17 Ford 2,944 30,432 2%
18 Mitsubishi 3,417 28,208 2%
19 Porsche 4,203 27,928 2%
20 Nio 4,203 26,498 1%
Others 73,177 371,030 21%
Complete 345,519 1,784,293 100%

Nonetheless, this domination from Tesla is about to alter as the electrical car market as a complete is about to shift considerably within the subsequent few years.

Electrek’s Take

At present, Tesla has about 18% of a worldwide EV market that itself has about 3% fo the worldwide passenger car market.

Briefly, Tesla has a giant piece of a small pie.

Issues are about to alter quick with greater than a dozen new all-electric car packages launching over the following 12 months alone, and lots of extra to come back within the subsequent few years.

Personally, I predict that the EV market share will greater than double to between 7 and 10% of the worldwide auto market in 2021 alone.

I anticipate Tesla goes to develop its gross sales by roughly 50% subsequent yr, which goes to assist, however I believe that Volkswagen with the ID.3 and ID.4, Audi with This fall e-tron, Ford with the Mustang Mach E, Nissan with Ariya, and lots of extra, are going to have an excellent higher influence than Tesla rising gross sales by 50%.

Subsequently, Tesla’s market share of the EV market will drop, however it will likely be a smaller piece of a a lot greater market. I believe they’ll nonetheless hold the lead, however it will likely be nearer to 12% of the market if EV gross sales attain between 7 and 10% of the worldwide auto market.

What do you assume goes to be the market share of EVs in 2021? Tell us your predictions within the remark part under.

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