EV Sales Are Not Just Rising, They Are Stealing Market Share From Gasmobiles
Politics aside, EV sales have nowhere to go but up as battery costs continue to decline and battery performance continues to improve.
Global EV Market
Tesla = 19% of Global Plugin Vehicle Market
Yesterday, I reported that the Tesla Model 3 had nearly 4× as many sales as the second best selling electric vehicle in the world in the first half of 2020, and more sales than the 2nd best selling, 3rd best selling, 4th best selling, 5th best selling, and 6th best selling plugin vehicles combined. Let’s now look briefly at plugin vehicle sales rankings by brand.
#1 Tesla = 29% of Global Electric Vehicle Market in Q1 2020
The top selling brands in the electric vehicle market are no big surprise, but the details are fascinating to look at.
See Why Tesla Scares The Legacy Players
Mase Goslin, whose previous graphs we have highlighted, has compiled a new time series graphic of EV sales in the US, this time by brand. This more clearly shows Tesla’s rise to absolute dominance of the US EV market, crushing all other players and accelerating off over the horizon. EVs are the future, and Tesla is the undisputed market leader, especially in the US, but also globally. If you’re an automaker on the wrong side of this trend, it must be terrifying!
