Electric Cars and Tesla Now to 2020

China is the global leader in electric vehicles sales. Over one million electric cars were sold in China in 2018 which was nearly three times more than the USA.

Global electric car sales finished May 2019 with 180,000 sales for the month. This was up 12% on May 2018, with market share at 2.3% in May and 2.1% YTD. In June, plug-in electric car sales in the U.S. significantly accelerated as InsideEVs data shows 37,818 sales which is 51% more than a year ago.

Of note 73% of all global electric car sales in May were 100% battery electric vehicles (BEVs), the balance being hybrids.

China electric car sales were ~104,000 in May 2019, up 2% on May 2018. Electric car market share in China for May was 6.6%. Year-to-date market share is at 5.6%.

In Netherlands June 2019 there were 4,543 new plug-ins were registered (up 97% year-over-year).

58% of all of Norway’s car sales are for electric cars. Norway doesn’t make electric cars cheaper but they tax gas- and diesel-powered cars at a 25% rate. Zero-emission vehicles (ZEV) have no value-added tax, which is 25 percent on gas and diesel vehicles.

In Norway in June 2019, more than 3,000 Tesla Model 3 registered sent electric car sales in Norway up by 87%. In Norway passenger plug-in electric car registrations surged to the second-best result ever of 8,867 (up 11.2% year-over-year).

In April in Europe, fully electric vehicles (BEVs) jumped 70% year over year (YoY), to 24,000 deliveries.

Tesla China production in Q4 of 2019 and Model Y in Q3 of 2020

Tesla should surge to 750,000 cars in 2020 with the Shanghai factory ramping up to full production of the Model 3 and then the Model Y.

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