The Tesla Model Y could become the best selling electric car

The Tesla Model Y could become the best-selling electric car this year

The segment of electric vehicles and chargeable hybrids is still one of the most dynamically growing markets, it can increase the sales volume by one and a half times to 10 million cars this year, and every seventh car sold worldwide will be equipped with a traction motor. The electric crossover Tesla Model Y risks becoming the most popular model.

Image source: Tesla

Image source: Tesla

According to experts BloombergNEFIf the Tesla factories in Berlin and Texas manage to start mass production of these crossovers, then the company can produce more than 800,000 copies this year. All in all, electric vehicles could take the top five places in the ranking of the year’s best-selling vehicles and it would be a turning point for the auto industry, although classic cars like the Toyota Corolla will not give up – the Japanese bestseller still finds more than a million new owners per year.

BloombergNEF statistics state that 3.2 million vehicles with electric traction motors and the ability to charge from the grid were sold worldwide in 2020. Last year their number doubled to 6.6 million units, this year it is likely to be well over 10 million, around three quarters of which are “pure” electric vehicles, chargeable hybrids will be in the minority.

China will remain the largest market, with strong sales growth later this year due to the impending elimination of government subsidies for Chinese citizens buying electric vehicles from 2023. Europe will remain the second-largest market, and North America will remain confined to the third-largest market, though it with the expansion of the range of locally assembled models can show a nearly double increase in sales.

The commercial vehicle segment will also make progress and increase sales by around 75% to 260,000 electric vehicles. The majority of sales are generated with electrically powered light commercial vehicles. Old-timers such as Daimler, Ford, Renault and Stellantis as well as relatively young companies will actively assert themselves in this segment. Geographically, sales will be concentrated in Europe and China, while the US market is a bit late, although it offers serious potential.

The charging infrastructure will also continue to develop: by the end of the year, the number of charging stations worldwide is expected to increase from 1.8 to 2.7 million. China will also be ahead in this area. Traction battery production will develop rapidly, but scarcity of raw materials and rising material prices for battery production will act as a deterrent. The specific cost of storing one kWh of electricity in a traction battery will increase by $3 to $135 by the end of the year, breaking the long-term downward trend in this metric. This circumstance will postpone the moment of convergence of the cost of an electric car with a car with an internal combustion engine until 2026, for this the cost of storing 1 kWh of electricity in a battery should decrease to $ 100.


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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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