Top Five EV Models Account for One-Third of Total Sales
Overview:
The automotive industry is transitioning towards e-mobility. The USA and China are the leading countries in the global electric vehicle (EV) market. The New Energy Vehicle policy in China got revised in 2019 which accounted for reduced sales of EVs there. Chinese automakers are looking for economies of scale to compete against global large automakers like Volkswagen, BMW, Tesla, and Toyota. Tesla is the top performer in this quarter and it is further looking for global expansion to increase its market share in the global EV market. The study finds that the global passenger EV market reached over 480 thousand units in Q3 2019.
This robust report includes value chain analysis, a market analysis of key countries including China and the USA. The report also includes strategic profiles and competitive analysis of key OEMs. The in-depth analysis in the study includes key regional and global factors and trends affecting the market, beneficial in understanding the current market scenario and plan for the future.
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Author
Soumen Mandal
Soumen is a Senior Analyst tracking IoT, Automotive and Telecommunication ecosystem at Counterpoint Technology Market Research. He is interested in IoT applications, connections, components, electric vehicles, connected cars, autonomous vehicles, semiconductors, shared mobility, services and emerging technologies. He started his career as an Energy Analyst with Manikaran Power Ltd. He has experience working with DISCOMs and SLDCs in the Indian power and energy industry. He is currently based in Gurgaon. He holds an Electrical Engineering degree and an MBA in Marketing & Finance.
