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EVOLUTION OF THE GLOBAL BEV CAR MARKET
This thread provides some high level perspective on the evolution and current status of the Global BEV Car market
The primary data is sourced from EIA and covers the BEV Car market but does not include Light Commercial Vehicles LCV
This thread provides some high level perspective on the evolution and current status of the Global BEV Car market
The primary data is sourced from EIA and covers the BEV Car market but does not include Light Commercial Vehicles LCV
2019 was basically a consolidation and regrouping year in preparation for new growth, especially in China and Europe
The U.S. market lacked competition and federal policy support to stimulate the transition to more efficient clean energy vehicles
The U.S. market lacked competition and federal policy support to stimulate the transition to more efficient clean energy vehicles
China has been the biggest BEV market for some years
China started taking over that leadership role in 2014
- and has massively increased its position since then
Japan has completely squandered an early lead
And the U.S. is batting below its weight notwithstanding Tesla’s efforts
- and has massively increased its position since then
Japan has completely squandered an early lead
And the U.S. is batting below its weight notwithstanding Tesla’s efforts
The Global BEV Car fleet has been growing exponentially and we can expect it to already be well north of 6 million vehicles in 2020
Not surprisingly, China is home to the greatest number of BEV cars along with its leadership in electrification of buses
We can expect continued strength in the growth of China’s BEV fleet
And perhaps Europe will start to show good progress as its new regulations start to have a meaningful effect
This suggests that the U.S. will start to get further left behind
And perhaps Europe will start to show good progress as its new regulations start to have a meaningful effect
This suggests that the U.S. will start to get further left behind
On the other hand, the growth of Tesla’s fleet has been exceeding the growth of the Global BEV Car Fleet for the last nine years
And its share of the Global BEV Car Fleet has been steadily growing to reach nearly 20% of all BEV Cars on the road as of 2019
This is in line with our expectations of a long-term 20% Market Share position for Tesla
This is in line with our expectations of a long-term 20% Market Share position for Tesla
