Tesla aims to sell 20 million EVs annually by early 2030s, says Elon Musk

Tesla CEO Elon Musk shared he wants Tesla to strengthen its position as the leader of electric vehicles globally and hence, the brand is aiming to sell more EVs than it does now. Tesla is expanding by building more manufacturing units around the world and also has plans to set up more. The EV company is setting a target to sell around 20 million EVs per year by 2030.

File photo of parked Tesla electric vehicles. (Image used for representational purpose.) (REUTERS)
File photo of parked Tesla electric vehicles. (Image used for representational purpose.)

Tesla currently handles 16 manufacturing facilities globally that either produces electric vehicles or parts of it. The EV company recently delivered its first electric vehicles --Model Y Performance trim--manufactured in its German gigafactory. Tesla invested 5 billion Euros in this manufacturing unit, setting up its first plant in the European continent. At full capacity, the company is planning to build around five lakh electric vehicles annually at this factory.

Also Read : Tesla electric vehicles to get two new paint colours at Berlin Gigafactory

Last year, Tesla sold nearly one million EVs registering an almost 90 per cent increase year-over-year compared to 2020 when it sold less than five lakh EVs. In 2019, Tesla delivered 3,67,500 electric vehicles. Now, aiming for 20 million sales per annum, Musk reportedly said the company can do 20 million EVs in 10 years. “And that would be a good number because there's 2 billion cars and trucks in the world that are in active use, so 20 million would be then 1 percent of the global fleet per year," he was quoted as in a report by Automotive News.

Also check these Cars

Find more Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
₹ 70 - 90 Lakhs* *Expected Price
View Details
Tesla Model S (HT Auto photo)
UPCOMING
₹70 Lakhs - 1 Cr* *Expected Price
View Details
Bmw I4 (HT Auto photo)
₹ 69.90 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Hyundai Ioniq 6 (HT Auto photo)
UPCOMING
₹ 65 Lakhs *Expected Price
View Details
Mahindra Thar (HT Auto photo)
₹ 10.54 - 16.78 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Hyundai Exter (HT Auto photo)
₹ 6 - 10.10 Lakhs* *Ex-showroom price
Add to compare
Check latest offers

Also Read : Tesla aims to complete Cybertruck development this year for production in 2023

Tesla is also gearing to open its gigafactory in Texas on April 7. Musk has plans to invite around 15,000 people to the grand opening of the factory. Spread over 2,000 acres, the Texas gigafactory will also serve as the new headquarters of the company.

First Published Date: 27 Mar 2022, 11:15 AM IST
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
70% OFF
VENO Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable (2 in 1 Vacuum Cleaner)
Rs. 899 Rs. 2,999
1% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Cool Aqua (7.5g)
Rs. 98 Rs. 99
68% OFF
PUNZONE Car Body Scratch Remover - Scratch Repair Polishing Wax Kit Sponge Body Compound Cream Wax, Car Body Compound Scratch Remover
Rs. 289 Rs. 898
65% OFF
Ambrane 38W Fast Car Charger with Dual Output, Quick Charge 3.0 and Power Delivery, Type-C & USB Port, Wide Compatibility for Smart Phones (RAAP C38 A, Black)
Rs. 349 Rs. 999

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.