As per the latest data from Automotive News and Experian, Tesla dominated the EV market in 2020. With a 79% market share, the stats show almost 8 out of every 10 EV’s sold, is a Tesla.
Correlating this data, Tesla’s were four out of five best-selling EV ranking. Tesla’s Model 3 and Model Y placed number one and two, respectively. The only non-Tesla vehicle was the Chevrolet Bolt EV which placed third.
EV’s accounted for 1.8% of all cars delivered in the US in 2020, a 0.4% growth compared to 2019. This is even with a pandemic and various restrictions on production in US-based facilities.
Although Tesla is dominating the EV side, the company does only have a 2% overall market share in the US. With the next generation of Tesla’s being designed and current backlogs being relieved, Tesla’s market share could certainly grow.
This data reveals that Tesla is far beyond the other vehicles in this sector, and the best of the rest are fighting over a small pie. With automakers such as Chevrolet, Ford, Hyundai, Porch, and Audi, they combine for 21% of the market share.