Aug 20, 2019

Tesla's hefty electric vehicle market weight

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Reproduced from Cox Automotive; Note: Does not include plug-in hybrids; Chart: Axios Visuals

For all the justified worries about Tesla's finances, they remain in a pretty good competitive spot in the electric vehicle market — for now.

The big picture: The chart above, via this new Cox Automotive report on the U.S. EV market, shows how the Silicon Valley company dominates the market for pure electric vehicle sales.

"Without Tesla, EV market share is stagnant, yet almost 100 electrified models are coming soon," the report notes.
Among a survey of people "considering" an EV purchase, Tesla dominates in brand awareness at 81%.

It's not the only recent data showing Tesla's strength in the EV market.

Bloomberg breaks down new info from the California New Car Dealers Association.
"Tesla registrations surged to 40,085 in the first half, giving it 4.2% market share in the biggest U.S. state by population," they report.

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