Tesla Is World’s Best-Selling Brand in EV Market in Q1 2021, Taking 16% Share

Tesla Is World’s Best-Selling Brand in EV Market in Q1 2021, Taking 16% Share

Photo: Motortrend

Tesla continues to lead the electric vehicle market. With just four car models, the company became the world’s top-selling brand in Q1 2021. For the first three months of this year, Tesla took 16% of the EV market share.

In Q1 2021, Tesla sold 184,500 vehicles, which once again made it the best-selling EV brand globally. By registering this number of units, Tesla took 16% of the plug-in car market share. It should be noted that in the first three months of the year, the company did not sell Model S and Model X, which affected the final results. However, that didn't stop Tesla from taking first place, beating its closest competitor by 39,500 additional units sold, according to EV-Sales.

In second place was SAIC, which quickly rose from ninth place in Q1 2020 to second in Q1 2021. Last quarter, the brand took 13% of the EV market, selling 145,034 units (124,922 of which are BEVs), which was largely due to Wuling Mini EV. The miniature car, which costs only about $4,500, has become very popular with lightning speed due to its cost.

Volkswagen Group is in third place with 130,563 vehicles sold (only 63,085 of which are BEVs), which corresponds to a 12% share of the EV market. The conglomerate strives to become a global leader in EV sales, however it still has a lot of work to do to catch up with and surpass Tesla, which continues to confidently increase its production capacity around the world.

The BMW Group finished Q1 2021 in fourth place with 77,837 sales and a 7% share of the EV market. BMW's performance has improved compared to last year, however not of its own merit. The group moved up from fifth to fourth place only as the Renault-Nissan alliance, which held 11% of the market share, collapsed.

Of the newcomers in the Top 5, Stellantis, which includes 15 automakers (comprising 205 brands), closes out the top five. Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall collectively were able to sell only 66,613 EVs (only 35,450 of which are BEVs), barely amounting to a third of Tesla’s sales, despite the latter only selling four vehicle models.

© 2021, Eva Fox. All rights reserved.


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Article edited by @SmokeyShorts, you can follow him on Twitter

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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