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Home / Business / Tesla (TSLA) still has an impressive 18% market share in global electric vehicle sales, but this is about to change

Tesla (TSLA) still has an impressive 18% market share in global electric vehicle sales, but this is about to change



The latest data shows that Tesla (TSLA) still holds an impressive 18% market share in the global electric vehicle market.

This will change, and for Tesla, this will not be a bad thing, because Tesla will get a small part of the larger market share.

For many years, Tesla has been mass-producing in the electric vehicle market (BEV and PHEV) and has delivered a variety of vehicle plans.

Model 3 and Model Y are the leaders in electric vehicle sales in many markets, while Model S and Model X are still ahead of many other electric vehicles in number.

Other automakers can only insist on using low-capacity compliant electric vehicles, so they can only achieve a small portion of Tesla̵

7;s sales in this area.

As a result, as of 2020, Tesla currently accounts for about 18% of the global electric vehicle market, while Volkswagen is second only to Tesla’s one-third (via EV Sales Blogspot). :

l. Brand Brand September sales Year-to-date sales market share
1 piece Tesla 65,814 316,820 18%
2 Volkswagen 24,035 113,091 6%
3 world 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 Motor 11,510 63,679 4%
10 that 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 Group 7,083 39,833 2%
16 Toyota Automotive 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 o 4,203 26,498 1%
other 73,177 371,030 twenty one%
total 345,519 1,784,293 100%

However, as the entire electric vehicle market will undergo tremendous changes in the next few years, Tesla’s dominance will change.

Elekrek

At present, Tesla owns about 18% of the global electric vehicle market, and it owns about 3% of the global passenger car market.

In short, Tesla has a big pie.

In the next 12 months alone, more than a dozen new all-electric vehicle plans will be launched, things will change soon, and there will be more new plans in the next few years.

I personally predict that by 2021 alone, the electric vehicle market share will more than double, reaching 7% to 10% of the global automotive market.

I expect Tesla’s sales to increase by about 50% next year, which will help, but I think Volkswagen with ID.3 and ID.4, Audi with Q4 e-tron, Ford with Mustang Mach E Automobiles, Nissan and Ariya, etc., will have an impact that exceeds Tesla’s 50% increase in sales.

Therefore, Tesla’s market share in the electric vehicle market will decline, but it will only account for a small part of the larger market. I think they will still maintain the leading position, but if the sales of electric vehicles reach 7% to 10% of the global car market, it will be close to 12% of the market.

What do you think of the market share of electric vehicles in 2021? Let us know your forecast in the comments section below.

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