Tesla today is the brand best equipped for taking advantage of the immediate surge in EV demand, though manufacturing investments from other automakers will erode this advantage sooner than later. Market trends and policy efforts in major car markets are supporting a bright outlook for EV sales. Things are about. Will the cost of EVs reach parity with internal combustion vehicles? Europe is Chinas largest trade partner for both electric cars and their batteries. Tesla remains the dominant player, but its share gradually has been declining since the fall of 2021, as shown below. Tesla's share of the global BEV market in the month of June rose to 26% from 19% the month before. But when you had close to 100% of the market, theres only one way to go, and thats down. By the time there are a few dozen EV programs that have production capacities near a million units, the EV market will take a majority of market shares. Though still the dominant player, Tesla's market. BYDs three best-selling models Song, Qin and Han accounted for over 55% of its sales in both 2022 and Q4 2022. Founded in 2003 and headquartered in California, Tesla ranked as the most valuable automotive brand worldwide as of June 2022 and within the fifteen most valuable brands across all industries in. The strongest motivation for buying an EV is environmental. EV sales are expected to reach nearly 17 million units by the end of 2023. I cover the intersection of economics, politics and personal finance. 'Investment opportunity of a lifetime': Cathie Wood says the robotaxi Published by Statista Research Department , Feb 3, 2023 Key. S&P Global Mobility released new EV sale data that shows Tesla still owns the US EV market, but it is losing market share. However, there are many questions yet to be answered. China was the frontrunner once again, accounting for around 60% of global electric car sales. Because I don't want to wait for the best of British TV. From 77.8% in November 2021, Tesla's EV share has dropped more than 20 percentage points to 57.1% this past November. Will countries build the needed infrastructure (ex: public charging stations) to catch up to the demand for EVs? Aside from Tesla, the other global auto OEMs, which saw an expansion in their market share were Bayerische Motoren Werke AG (OTC:BMWYY), South Korea's Kia Motors, and China's BYD Company Limited (OTC:BYDDF) and SAIC. Tesla earnings surged 230% to $1.45, easily beating FactSet forecasts for 94 cents, as revenue nearly doubled to $11.96 billion, above estimates for $11.53 billion. According to Kelley Blue Book, the top 10 EVs sold in the US in the first quarter of 2022 are; Tesla has delivered 310,048 vehicles in the first quarter of 2022, another first-quarter record. Tesla Leads EV Market Share, But Rivals' Cheaper Models Are Gaining "We plan to grow our manufacturing capacity as quickly as possible.