Featured image: Tesla
Clarification:
The Buy Shares report is based on data collected by CleanTechnica, which provided some clarity. Their report is incomplete, as many automakers do not publish EV sales data and there is no national vehicle registration data to examine and use. Tesla also does not publish data on its sales by region, so the estimates used in the article are approximate.
Tesla sales accounted for more than 80% of electric vehicles sold in the U.S. in the first half of 2020, despite the fact that buyers are not receiving federal incentives to buy.
The U.S. is one of the main markets for electric vehicles in the world. Despite the electric vehicle offerings of other automakers, Tesla remains a constant leader. The latest data obtained by Buy Shares shows that Tesla accounted for 81.66% of full-electric vehicles sold in the country in the first half of 2020.
During this period, 87,398 electric vehicles were sold in the U.S., of which an astonishing 71,375 were Teslas. Model 3 became the best-selling model with 38,314 units sold. It is followed by the new Model Y with 18,861 units sold. Of the top 10 best-selling models, four were Tesla.
The Buy Shares study also looked at the most valuable automakers by market cap as of August 19, 2020. Tesla has certainly surpassed other manufacturers with a market cap of $350.08 billion (at the time of this writing on Aug. 21, 2020, the company's market cap is $384 billion).
Tesla remains an untouchable leader, with a market cap that is now nearly double that of its closest competitor - Toyota. The Japanese company was worth $189.29 (at the time of this writing on Aug. 21, 2020, the company's market cap is $185 billion, meaning Tesla's market cap is now more than double).
Tesla is a revolutionary company that is turning the automotive industry upside down, changing the automotive market, our perception of cars, and even our way of life. That is why it is not at all surprising that despite the absence of federal incentives, Tesla cars dominate the electric vehicle market and capture an increasing share of the overall car market.
© 2020, 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 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.
