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Energy
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General Market Commentary
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General Energy
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General Market Commentary
Tesla Model 3 Responsible for 16% of All Battery Capacity Deployed Globally in May 2019
Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold in more than 80 countries around the world, representing more than 90% of the global EV market.
The latest report by Toronto-based Adamas on global EV battery deployment in passenger vehicles should give Tesla skeptics, the ranks of which are still growing, pause.
Tesla is simply miles ahead of the competition. On a MWh-basis, the Muskmobile is not just shaming US and European competitors, but also the more than 400EV manufacturers registered in China.
In May this year, Tesla was responsible for 22% of all electric vehicle battery capacity deployed worldwide versus 18% a year ago according to Adamas data.
The Model 3 alone represented 16% of battery power hitting roads compared to 4% for no.2 BYD (Build Your Dream), the Chinese EV leader backed by Warren Buffett.