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Record Electric Vehicle (EV) Deliveries

Tesla has failed to reach its 2020 goal of delivering 500,000 units for the full year, but not by much. In 2019 Tesla delivered 367,500 vehicles but this year sales have increase 36%. This resulted in the company now mass producing its market favorites to meet the growing worldwide demand for EVs.

The company delivered 180,570 vehicles in the last three months of 2020. This is an increase on the previous record of 139,300 in the third quarter of 2020, to reach 499,800 sales for the year.

2020 proved to be a good year for Tesla with the company joining the SP500 and 5 quarters of growth, resulting in share increase of 743% over the year.

If the worldwide sales trajectory of EVs occurs in Australia, we will need all those charging stations to be funded by taxpayers.

Prior to the outbreak of COVID-19, Tesla was predicting sales to comfortably exceed half a million cars. By October 2020, Tesla were still confident in meeting the target even as the production facility in Northern Spring was shutdown to slow the spread of COVID-19. Apart from the Californian facilities that were temporarily shutdown, its production outside the US and primarily in China remained high. The Shanghai plant has now started producing the Model Y.

As Tesla production increases to match their rocketing share prices, other mainstream vehicle manufacturers are taking note. Large manufacturers like General Motors, Ford and VW are likely to flood the EV market with new models in the next year or two.

In an attempt to stave off competition, Tesla is setting up production lines in Berlin to compete with the European car builders and will build it’s well publicised “Pick up” in Texas.

So as we all return to work from our Christmas road trips, will more of us be driving an EV on our next road trip?

If the worldwide statistics are repeated in Australia, the answer is yes!

All we need is for the charging station networks to be built.