EV Market Share by Company

Electric vehicles (EVs) have seen a surge in popularity in recent years as governments around the world have instituted policies designed to reduce carbon emissions and combat climate change. As a result, a growing number of automakers have jumped into the EV market in an attempt to grab a share of this fast-growing market. In this article, we will take a look at the EV market share by company.

Tesla is currently the undisputed leader in the EV market. In 2020, the company sold 499,550 electric vehicles, which represented approximately 16.4% of the total electric vehicle market. Tesla's Model 3 was the best-selling electric vehicle in both the US and Europe. The company's dominance in the market is set to continue as it plans to ramp up production in the coming years, with the goal of producing 20 million vehicles annually by 2030.

Volkswagen is second on the list, with a market share of around 9.3%. The German automaker is pushing hard to catch up to Tesla, with plans to introduce a wide range of electric vehicles in the years ahead. The company has invested heavily in electric vehicle technology and plans to have 70 electric models on the market by 2030.

Japan's Nissan is next on the list, with a market share of around 5.5%. The Nissan Leaf, the company's flagship electric vehicle, has been on the market for over a decade and has sold over 500,000 units worldwide. In addition to the Leaf, Nissan plans to introduce several new electric models in the years ahead.

Other major players in the EV market include China's BYD, which has a market share of approximately 4.9%, and General Motors, which has a market share of around 4.7%. BYD is well-positioned to benefit from China's growing demand for electric vehicles, while General Motors has set an ambitious target of selling only electric vehicles by 2035.

Other notable companies in the EV market include Ford, which has a market share of around 3.7%, and Hyundai/Kia, which have a combined market share of approximately 3.6%. Both companies have plans to introduce several new electric models in the years ahead.