Ev Market Share By Company

The state of other electric vehicles.

Ev market share by company. Global electric car sales as of end july 2020. The us market almost doubled to 360 000 ev units mainly because of the strong sales performance of tesla s model 3. Global electric car sales finished july 2020 with 248 000 sales for the month 4th best result ever up 76 on july 2019 with market share. United states electric vehicle ev new sales market share and forecast while us ev sales have been hovering in the 1 neighborhood for about the last year ev sales in march 2018 were 1 6 of total light vehicle sales and could end up close to 2 by the end of 2018 primarily because of deliveries of the tesla model 3.

The global electric vehicle market demand was estimated at 2 373 5 thousand units in 2019 and is expected to witness a cagr of 41 5 2020 to 2027. 58 of new car sales in norway were electrically chargeable in the first half of 2019. Iceland takes second place with 18 followed by sweden with an 11 ev market share. Overall the country by country development of ev sales and market share can be conveniently viewed in the graph below.

Tesla sold 140 000 model 3 cars in 2018 making it the best selling ev in the united states 40 percent market share and globally 7 percent. It goes without saying that due to the covid 19 pandemic electric vehicle sales will be much lower in the us in 2020 than i and many others had previously predicted. Electric vehicle market estimated to reach 802 81 billion 22 6 cagr during 2019 2027 battery electric vehicle type to grow at 29 1 cagr. Norway has the largest ev usage of all countries.

The market is driven by initiatives taken by governments of various countries to promote the manufacturing of electric vehicles evs. There are several obvious issues that are expected to lower sales including factories being shut down for limited production supply chains being constrained and consumers not able to visit dealer showrooms to make purchases. North america gets an electric vehicle boost.