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