The past two decades have brought with them a number of major changes to the automobile industry, not the least of which is the beginning of a major transition to electric vehicles (EVs).
In a new video uploaded on Wednesday, YouTube channel Datamentary shares the fluctuating market shares of various major automakers between the years 2001 and 2020.
As the graph changes with each year, we see the gradual degradation of the top five automakers, and the gradual growth of Tesla and fellow EV company BYD – with Tesla’s market share growth taking off substantially around 2019 to more than double the top automaker.
According to the chart, the top five automaker market caps in 2001 were from established automakers Toyota, Daimler, Honda, Ford, and Volkswagen. Tesla appears in 2009, and gradually grows throughout the 2010s.
By 2020, however, Tesla has surpassed all of the top five companies, and has reached a market cap of $616 billion USD. Toyota, the next largest, has a total market cap of just $194,090,000,000, with every other major automaker trailing behind by more than a billion dollars.
The market caps, shown in non-inflation, adjusted US dollars, are a bit mind-boggling to watch, even as we’re watching them play out in this new electric revolution. In any case, now the question becomes whether traditional petroleum-powered vehicles will stand a chance against Tesla in the years to come.
As of writing, Tesla is trading at $630 per share, down $2.95% for the day, after touching an all-time high of $654.32 on Tuesday.
