Hyperdrive
Tesla's Model 3 Dominated the Global Electric-Car Market in 2018
People look inside the trunk of a Tesla Inc. Model 3 electric vehicle at the company's delivery center in Marina Del Rey, California, U.S., on Saturday, Sept. 29, 2018. Tesla brought the total number of Model3 produced in the third quarter to over 51,000 vehicles.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Tesla Inc.’s Model 3 sedan took command of the global electric-car market last year, outselling the nearest competitor by about 50 percent.
In its first full year on the market, Model 3 sales surged to about 138,000 units, easily beating the roughly 92,000 units for the EC Series car from China’s BAIC Group, according to JATO Dynamics Ltd. The researcher estimated that total battery-electric vehicle sales surged about 74 percent to 1.26 million industrywide in 2018.