According to the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), in 2019 the number of electric vehicles in the world grew to 7.9 million. In general, Tesla is superior to all other EV manufacturers around the world in the number of new registrations. Today, no carmaker in the world can produce cars of the same quality as Tesla Model S, 3, X.
According to ZSW scientists, 361,000 Tesla cars were registered in 2019, which is the largest number of registrations. While, for example, BMW has only 114,500 registrations.
Tesla, California's only carmaker to produce cars to date, and it is currently driving this trend.
As all Tesla cars are currently being manufactured at the Fremont factory, the more Tesla will produce EVs, the higher will be the export revenue from EVs for California. The connection between Tesla's growing production and California's growing indicators in EV exports is clear.
In 2018, the electric car was the 8th most important export commodity of the state, its income amounted to almost $3 billion. According to analysts, in 2019, exports from electric vehicles were supposed to bring California revenue of $3.4 billion.
But analysts didn't take into account many points and clearly underestimated the capabilities of the company. Tesla's CEO has set himself an ambitious plan that many people have questioned. Elon Musk predicted Tesla would deliver between 360,000 and 400,000 vehicles in 2019. And in fact, the company delivered 367,000 cars.
This, in turn, gave California a huge profit, especially compared with previous years, export earnings. According to data from the Census Bureau 2019, Motor vehicles with only electric motor generated $7.139 billion in revenue for the state in 2019.
California Electric Vehicle Exports— Third Row Podcast (@thirdrowtesla) February 26, 2020
2017 — $2.953 billion
2018 — $2.957 billion
2019 — $7.139 billion
Source: Census Bureau 2019
That is, thanks to Tesla, California received more than $7 billion in revenue in 2019. This figure reflects not only how much Tesla’s progress affects the state, but also how much it affects the whole world. Demand for its cars is growing with incredible strength.
Electrified transport has become an important economic engine, creating a thriving export industry and high-quality jobs in a growing global market.
Global EV sales are also rising, more than doubling between 2016 and 2018, and the International Energy Agency (IEA) projects the global battery EV passenger car fleet will rise from 10 million in 2020 to 145 million in 2030 with strong market growth worldwide.
Featured image: swimmingtomars /Imgur
About the Author
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.