Photo: Catalin Garmacea
Cars like the Nissan Leaf, Tesla Model S and Chevy Volt have all played their part in the rapid expansion of the electric vehicles market and incidentally or not, there are the models that dominated last year in terms of EV sales.
Analysts from Germany’s Centre for Solar Energy and Hydrogen Reasearch (ZSW) found out that the worldwide market for electric vehicles is now standing at 740,000 cars. Even more interesting than that, almost half - 320,000 vehicles to be more precise - were registered last year, which makes us wonder if these is rather a temporary spike in growth or we’re just looking at the tip of the iceberg.
However, this massive expansion resulted in stellar revenues for EV battery suppliers, they saw revenues of $2.17 billion last year, but that number could explode and reach $16.2 billion as soon as 2020. As we expected, the U.S. electric car market is leading the pack, as green four-wheelers sales went through the roof by 69%.
In terms of popularity, Nissan’s Leaf took the crown with 150,000 units registered worldwide since the model hit the market in 2010. GM’s Chevy Volt takes the second spot with 75,000 vehicles registered, while the Toyota Prius settled for bronze, with 60,000 car hitting the roads.
Next in line is the Tesla Model S which reached 50,000 customers and BMW’s i3 - still far behind in the rankings - after putting around 15,000 units on the road, but it is worth adding that the EV from Munich has only been on the market for 12 months or so.
“If the momentum of recent years continues unbated, the number of electric cars worldwide will exceed one million in just a few months,” said Werner Tillmetz, ZSW’s head of electrochemical energy technologies division.
However, this massive expansion resulted in stellar revenues for EV battery suppliers, they saw revenues of $2.17 billion last year, but that number could explode and reach $16.2 billion as soon as 2020. As we expected, the U.S. electric car market is leading the pack, as green four-wheelers sales went through the roof by 69%.
In terms of popularity, Nissan’s Leaf took the crown with 150,000 units registered worldwide since the model hit the market in 2010. GM’s Chevy Volt takes the second spot with 75,000 vehicles registered, while the Toyota Prius settled for bronze, with 60,000 car hitting the roads.
Next in line is the Tesla Model S which reached 50,000 customers and BMW’s i3 - still far behind in the rankings - after putting around 15,000 units on the road, but it is worth adding that the EV from Munich has only been on the market for 12 months or so.
“If the momentum of recent years continues unbated, the number of electric cars worldwide will exceed one million in just a few months,” said Werner Tillmetz, ZSW’s head of electrochemical energy technologies division.
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