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Tesla led the worldwide electric vehicle market with a 14% share. This gave the company a market share of nearly 14%. Todays level of available electric car models is still significantly lower than the number of ICE options on the market, but the number of ICE models available has been steadily decreasing since its peak in the mid-2010s. As a result, between August 2022 and March 2023, major EV and battery makers announced cumulative post-IRA investments of at least USD52billion in North American EV supply chains of which 50% is for battery manufacturing, and about 20% each for battery components and EV manufacturing. Tesla's global market share decreased to 11% in . The world's car industry will shrink to only 10 companies over the coming decade, a Chinese rival to Elon Musk's Tesla has said, as intense competition in China's electric vehicle market . Tesla continues to dominate EV sales, with 65.4% of the EV market. Tesla's EV market share has decreased, increasing the market share for others. Global brands with the highest brand value gains 2022, Tesla's energy generation and storage revenue 2015-2021, Electric vehicles - global market size 2021 & 2027, Electric vehicles - battery range of select models in U.S. 2022, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. 7 out of the top 10 EV models in Q4 2022 were from Chinese brands. Tesla Leads Global EV Market, And It's Not Even Close The July 27 note shows Tesla has sold 382,831 vehicles year to date and has a 21% market share. Or more likely both. Tesla Reveals How Quickly It Increased Its Market Share - InsideEVs The second leading reason is the design and technology of EVs. Tesla is expected to only contribute a single additional vehicle, the Cybertruck, to those 100+ new EV models, but S&P says that it will still only marginally affect Tesla, which is expected to still grow its volume during that time. Teslas position is changing as new, more affordable options arrive, offering equal or better technology and production build, the data firm notes. The overwhelming majority of electric car sales to date are in China 60% of global electric car sales took place there in 2022. Teslas market share continued to climb in 2020 with the launch of its second medium-priced vehicle, the Model Y; both are popular Tesla models. 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. The top 5 companies had 59.5% market share in 2020, which declined to 55% in 2021. The latest registration data shows that Model Y and Model 3 are the most selling electric vehicles in the United States. These incentives included, among others, tax credits and lower interest rates on EV loans. That is down from 68.2% in 2021 and 79.4% in 2020. Tesla now offers price matching, so its important to shop for the best quotes. Tesla's Global Market Share Fell to Its Lowest Level in Over 2 Years JPMorgan Rescues First Republic. For the latest news, Facebook, Twitter and Instagram. Meanwhile, Ford (F) sold 5,971 units of the Mustang Mach E globally in June. Others, such as the lithium-ion battery are less expensive but have a shorter range.