Who Killed Tesla As The Electric Car Giant?

Who Killed Tesla As The Electric Car Giant? – Electrification is increasingly being carried out by automotive manufacturers, so it is not surprising that in recent years sales of electric cars have continued to increase. Even though Tesla is the biggest name, global electric car sales are dominated by brands from China.

Who Killed Tesla As The Electric Car Giant?

When it comes to electric cars, the thing that comes to mind is Tesla. Yes, the automotive manufacturer from the United States is one of the pioneers of electric vehicles that are now worldwide.

Read more: The Chinese Way To Grow The Use Of Electric Vehicles

Although Tesla’s name is already big and its electric cars sell well in a number of countries, Tesla is not a company that dominates sales of electric vehicles. In fact, auto manufacturers from China dominate nearly half of global EV car sales.

Quoted from the Jato page, data from Jato Dynamics shows global electric car sales figures reached 2.79 million units between January-September 2021. This number increased by 149 percent when compared to the same period last year.

From these data, brands from China account for 45 percent of global electric vehicle sales. This means that almost half of EV car sales worldwide are held by the brand from the Bamboo Curtain country.

Meanwhile, sales of cars from China that carry Plug-in Hybrid Electric Vehicles (PHEV) accounted for only 26 percent. Meanwhile, vehicles with internal combustion engines (ICE) have the lowest sales, only 13 percent globally.

Although Chinese brands dominate the global EV sales figures, the majority of them occur within the country. In fact, nearly 95 percent of China’s electric cars are sold domestically. Only about 5% is sold to other countries.

The dominance of electric vehicles from China is not only a matter of sales, but as much as 60 percent of vehicle production in China has also switched to electric power. In fact, well-known brands such as Tesla, Volvo, to BMW have built their electric car factories in China.

One more thing that causes sales of electric cars from China to sell well because the price is cheap. Since 2011, the average price of new electric cars in China has continued to fall from around Rp. 660 million to only Rp. 350 million, down to 47 percent.

One of the cheap electric cars currently being sold is the Wuling Hongguang Mini EV. This compact electric car is sold for only Rp. 64 million. After its launch, Wuling’s electric car sales have even reached 30,000 units every month.

Not to mention the addition of subsidies from the government related to electric cars, so that people who buy EV cars in China will get almost half of the subsidy. Not only that, the Chinese government continues to build adequate infrastructure for electric vehicles, so that people are willing to switch from fuel-powered vehicles to environmentally-friendly electric power.

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