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Market Insights report
The history of electric vehicles started in the early 1800 but it only took off when Tesla entered the market and reignited public interest in electric cars.
In 2018 global electric vehicle sales crossed the two million threshold and many countries are pushing to increase the number of electric cars on their streets. Currently, China is leading the way with a market share of almost 56%, leaving the U.S. and European countries far behind.
What's included?
The history of electric vehicles started in the early 1800 but it only took off when Tesla entered the market and reignited public interest in electric cars. In 2018 global electric vehicle sales crossed the two million threshold and many countries are pushing to increase the number of electric cars on their streets. Currently, China is leading the way with a market share of almost 56%, leaving the U.S. and European countries far behind. Car manufacturers are pushing to bring out new electric car models and have big plans for the future. The 2018 race for the highest market share was won by Tesla Model 3 with 7%, followed by the BAIC EC-Series and Nissan leaf (both 4%).
Tesla is the most recognized electrical vehicle brand in the world selling over 100,000 units of the Model S and Model X in 2017. Aesthetics and longer ranges as compared to other EVs, are the primary reasons for its success. However, production issues with the Model 3 have resulted in delays and liquidity problems. BYD is one of the largest selling brands in China with limited focus on international markets. The company has six electrical vehicle models in the market and sold a total of 105,000 electrical vehicle units in 2017. Other leading companies include BAIC, BMW, General Motors, and Nissan.
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Introduction
We provide information on industries, companies, consumers, trends, countries, and politics, covering the latest and most important issues in a condensed format.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)