What Company Is The Biggest Threat To Tesla As The Dominant Seller Of Electric Cars? As The Dominant Seller Of Electric Cars?
Apr 20,2022 | Chloe Lacour
At the moment no one.
Around 80 million cars are sold in 2021. Of those only 1.2 million are EVs. That’s just around 1.5%.
Of those 1.2 million EVs, 1,000,000 are Tesla; they have 80% of the EV market.
Everyone has a lot of catching up to do, No one else is even close.
As long as they continue to sell 95% of their production as ICE vehicles, they are not going to catch up for a long time. They have simply let Tesla get a huge headstart and then are not even speedwalking to try and catch up.
Why Tesla is going to stay ahead… two reasons:
They are putting 100% of their R&D money into EVs - everyone else is splitting their resources
They are getting millions of units of experience under their belt that no one else is getting