Tesla will control up to 15% of the electric Car Market


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Tesla’s main electric car company’s long-term downtime will have a negative impact on the current year’s production program, but industry analysts believe that the company can replicate the success outside the US market. By the end of the decade, it could occupy up to 15% of the electric car market.

In 2019, Tesla shipped less than 400,000 electric cars, but this year it expected to overcome the 500,000 mark until the pandemic intervened. It has both limited Tesla’s production capacity and undermined demand for electric cars. For example, the Tesla Model Y’s new and still scarce crossover has recently been significantly shortened, which, in the absence of visible progress in production, can only be said to reduce demand.

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Daiwa Securities experts expect Tesla to ship no more than 450,000 electric vehicles in 2020. Other analysts agree on a value of no more than 424,000 copies. Daiwa Securities predicted that by 2030, up to 20% of all new cars sold worldwide would be powered by electricity, and Tesla would be able to sell at least 3 million electric vehicles annually. This will allow it to compete for 15% of the world vehicle market on electric traction.

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Notably, compared to current positions, such a development could mean a reduction in Tesla’s share of the world market. In the US, for example, it now controls three-quarters of the electric car market. In China, about a quarter, but competitors will inevitably close Tesla, as all major car companies have announced plans to convert production to electric traction. Elon Musk’s company (Elon Musk) will have an important advantage in this fight - the technology of manufacture of traction batteries and control over their production.

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