Last year, there were over 600 electric models sold across the world. Just five of them made up 20% of all EV sales.
The EV market is maturing, leading to consolidation around popular models and increased competition.
This indicates a significant concentration of market share in the global EV industry, impacting manufacturers, supply chains, and consumer choices.
The competitive landscape for EVs is becoming more concentrated, with a few models dominating sales despite a wide array of options.
- · Leading EV manufacturers with popular models
- · EV battery suppliers to top models
- · Consumers seeking established EV models
- · Smaller EV manufacturers
- · New EV entrants
- · Niche EV models
Increased pressure on smaller EV manufacturers to innovate or consolidate.
Potential for reduced diversity in the global EV market as dominant players gain more traction.
Impact on national EV strategies as market concentration could affect domestic production goals.
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Read at InsideEVs