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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