Electric Car Share of Market

The electric car market has seen steady growth over the past few years as people are becoming more concerned about the environment and the impact of their carbon footprint. In terms of market share, electric cars currently make up a small percentage of overall global car sales. However, this is changing quickly as demand for electric cars continues to rise.

According to a report by Bloomberg New Energy Finance, electric vehicle sales are expected to grow from 1.1 million in 2017 to 11 million in 2025, and then surge to 30 million in 2030 as prices of batteries fall and the cost of manufacturing electric cars becomes cheaper. This means that the electric car market share could rise from its current 1-2% to nearly 30% by 2030.

Currently, the market share of electric cars varies widely by country. Norway, for example, has one of the highest electric car market shares in the world with 54% of new car sales being electric vehicles in 2020. Other countries such as China, the United States, Germany, and the Netherlands have also seen significant growth in the electric car market, with market shares ranging from 4-15%.

The global electric car market is dominated by several major automakers, such as Tesla, which has a market share of around 20%. Other major players include Nissan, Volkswagen, and Renault-Nissan-Mitsubishi. Tesla's Model 3 is currently the best-selling electric car in the world, followed by the Nissan Leaf and the Chevrolet Bolt.

As the demand for electric cars continues to grow, more automakers are investing in the development and production of electric vehicles. This means that there will be more options for consumers to choose from, which will likely drive further growth in the electric car market share. Additionally, the growth of electric car infrastructure, such as charging stations and battery-swapping services, will also play a key role in the continued growth of the electric car market.

Overall, the electric car market share is still relatively small but is poised for significant growth in the coming years. As environmental concerns continue to grow and technology continues to improve, it is likely that we will see electric cars become a more dominant force in the global car market in the years to come.