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Tesla Dominates EV Market, Sold More Than #2 & #3 EV Makers Combined Globally

by Eva Fox May 04, 2020

Tesla Dominates EV Market, Sold More Than #2 & #3 EV Makers Combined Globally

Tesla recently reported strong Q1 2020, in which the company managed to deliver 88,496 vehicles. For the automaker, it was a strong quarter, especially against the backdrop of the COVID-19 pandemic. 

EV-Sales analyzed OEM sales in the first quarter of 2020 by OEM. If we gather sales by Automotive Groups, Tesla is ahead, with 19% share (up 2% regarding 2019), followed by the rising Volkswagen Group (13%, up 7%) and Renault-Nissan, which retained its 3rd place , while increasing its share by 3%, from 8% last year, to the current 11%.

Looking at the 2020 sales by Automotive Group, we have:

PHEV + BEV

Source: EV-Sales

BMW Group # 4 increased its share by 1% to 8%, rising one position relative to 2019, while Hyundai-Kia # 5 performed even better, moving up three positions from # 8 to # 5, all while increasing its share by 2%, to 8%.

There are no Chinese automakers in the Top-5, but apparently their sales were influenced by the outbreak of COVID-19, which affected the country earlier than everywhere else. It is expected that their sales will recover in the second quarter, since China has already taken control of the virus and all plants on its territory are already operating. Of course, Tesla will also receive additional benefits from this, as the automaker has a strong presence in the region.

BEV
Source: EV-Sales

If we consider only BEV, then Tesla has expanded its leadership by increasing its market share by 6%, which is more than doubling the result of # 2 Renault Nissan Alliance and # 3 Volkswagen Group.

Hyundai-Kia is also on the rise, rising from # 7 to # 4, increasing its stake by 3%. Compared to the BEV + PHEV table, the biggest defeat is the BMW Group, which, due to its strong dependence on PHEV, disappears from the Top-5.

In the first quarter of 2020, Tesla sold more electric vehicles worldwide than Renault and Volkswagen combined, occupying 29% of the market, which indicates the high demand and strength of the company.

Featured image: candyapplewhip/Instagram




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