Us Electric Vehicle Market Share

Tesla is keeping the us electric car market alive and growing as new data shows that the california based automaker owns about 60 of the us market. Then climbed to 1 13 in 2017 and achieved a record take rate of 2 1 in 2018 but slightly declined to 1 9 in 2019. Meanwhile in the us plug in electric cars account for less than 2 of the vehicle market.

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Us electric vehicle market share.

The cumulative share of these two segments was 40 1 in 2019 and is anticipated to reach 51 0 by 2027. There was much cheering in 2018 when plug in electric vehicles evs hit a us sales record of 361 000. And ev share of us sales is still. An electric vehicle operates on electricity unlike its counterpart which runs on fuel.

On a global scale only 1 in 250 cars on the road is electric. Electric vehicles are projected to account for 7 6 percent of the market in 2026 up from just 1 2 percent in 2018. For many people when they think of electric. Meaning electric vehicles account for only 2 2 of the global vehicle market share.

Market share of plug in electric passenger cars increased from 0 14 in 2011 to 0 75 in 2014 and fell to 0 66 in 2015. Overall american motorists bought some 17 2 million light vehicles in 2018. Yes tesla dominated electric vehicle sales in the united states again in 2019. Get more information on this report.

Based on these statistics the transition to electric cars is clear but the speed of adoption remains debatable. Whereas the tesla model 3 was the 9th best selling car in the country and had more than 150 000 sales in the usa. The global electric vehicle market demand was estimated at 8 6 million units in 2018 and it is projected to reach 40 6 million units by 2026 ev industry exhibiting a cagr of 21 1 during the forecast period.

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