In a recent quarterly report, Tesla highlighted the fact that in the first half of 2020, despite COVID-19, it managed to increase shipments (chart below) against the background of a general decline in the world’s leading automakers. Now, more accurate data has emerged confirming Tesla’s undisputed leadership in the electric vehicle market.
According to EV Sales, Tesla sold more electric vehicles in the first half of the year than the three largest manufacturers following Elon Musk’s company (Renault / Nissan, Volkswagen and BYD) combined. More specifically, Tesla delivered 179,050 vehicles to customers worldwide, accounting for 28% of total shipments. Details on shipments and market share of the top five battery electric vehicle (BEV) manufacturers are shown in the table below.
Manufacturer Volume of deliveries in the first half of 2020, pcs Market share,% # 1Tesla179 05028% # 2Renault / Nissan65 52110% # 3Volkswagen Group64 54210% # 4BYD46 5547% # 5Hyundai / Kia43 6897%
Compared to the first quarter of 2020, Tesla’s share decreased by only 1%, while the result is 5% higher than the result of a year ago. At the same time, the share of Renault / Nissan declined over the three-month period from April to June, from 13% to 10%. On the other hand, a year earlier the share of Renault / Nissan was even lower – 8%. At the same time, Volkswagen is literally breathing in the back, less than 1,000 units behind. Compared to the first quarter, Volkswagen’s share is down 1%, but it is still higher than a year ago.
If you also consider plug-in hybrids (PHEVs), Tesla’s superiority is no longer so great. At the same time Tesla is still the leader and the gap from the closest competitor Volkswagen is 6%, or 55 thousand cars.
ManufacturerSupply volume in the first half of 2020 (BEV + PHEV), pcs Market Share # 1Tesla179 05019% # 2Volkswagen Group124 01813% # 3Renault / Nissan84 5019% # 4BMW Group68 5037% # 5Hyundai / Kia63 7317%
By the end of this year, Tesla plans to ship 500 thousand cars (in 2019, the result was 367 500 cars) and for the first time make a profit for the whole year (the company has been making a steady profit in the last four quarters), and in the next it may reach a sales volume of one million cars.
At the end of last year, Tesla became the world’s largest manufacturer of electric vehicles for the first time, having taken this title from the Chinese BYD, which, in addition to electric cars, also produces plug-in hybrids. Tesla shipped its one millionth electric vehicle in March this year, becoming the first automaker to cross that milestone.
Source: EV Sales