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World’s Largest EV Market Expected to Lose 11% of Market Share by 2025

July 11, 2022

After dominating the electric vehicle (EV) market since launching its first model in 2008, Tesla Inc. (NASDAQ: TSLA) will likely lose its position as the world’s largest EV maker by 2025 as competitors launch 135 new EVs to the market. According to Bank of America analyst John Murphy, annual US EV sales could grow eightfold to over 3.2 million by 2025 from roughly 400,000 in 2021, giving companies launching new models an opportunity to capture the market.

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