The reflections of customers are seen waiting in line ahead of the Model 3 announcement outside the Tesla Motors Inc. store on the Third Street Promenade in Santa Monica, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Tesla’s Model 3 Dominated the Global Electric-Car Market in 2018

(Bloomberg) -- 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.

Tesla’s Model 3 Dominated the Global Electric-Car Market in 2018

©2019 Bloomberg L.P.