Posted on January 16, 2016 by Matt Pressman
In 2015, the Tesla Model S holds the crown for best-selling electric car worldwide and here in the U.S. According to Hybrid Cars*, last year the Tesla Model S significantly outsold every other plug-in electrified vehicle in the world. With its 50,366 sales for the calendar year, the luxury performance Tesla Model S was the number-one best selling PEV (plug-in electric vehicle) eclipsing the second-place Nissan Leaf which accounted for about 43,000 global sales.
All told Tesla Motors (NASDAQ: TSLA) has defied odds as it continues to set new records. In all, the world market absorbed about half a million PEVs in 2015 meaning Tesla Motors accounted for around 10 percent. Its biggest market cumulatively to date has been its home country, the U.S., which has accounted for about 60 percent of Model S production since launch. Norway has been second with around 9.4 percent, and other countries of note include (in order): China, Netherlands, Canada, Germany, Switzerland and Denmark.
As it is, Tesla Motors has again put another "feather in its cap" demonstrating how the market is rewarding a car that costs 2-4 times more than plug-in sales competitors. Why? Tesla’s cars are being purchased because they deliver range, design and performance on par with and (often) beating existing internal combustion cars at their own game.
Can Tesla Motors continue this impressive growth? Well, according to Motley Fool, "There's something investors are missing about electric-car maker Tesla Motors' growth story -- and it's crucial. Fortunately, this key insight for Tesla investors can be illustrated in one simple chart... a close look at Tesla's growth reveals an interesting takeaway investors may be missing: Tesla is growing faster as it gets bigger. Yes, its growth is actually accelerating."
Source: Motley Fool
Can we extrapolate this growth to show Tesla Model S leading in the US electric vehicle market? An important note: Tesla Motors doesn't break down its sales by country. Therefore, the data that follows is based on best estimates. Nevertheless, according to HowMuch.net / Marketwatch**, "Tesla became the largest seller of electric vehicles (EVs) in the United States in 2015. Tesla beat out other auto manufacturers such as Nissan, Chevrolet, BMW, Toyota and Ford to gain the crown." This infographic below demonstrates Tesla Motors' dominance over other competitive electric vehicle models...