Seven automaker stocks challenging Tesla’s dominance with electric vehicles

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We are looking for automakers with sustainable dividends as new tax credits favour more affordable electric vehicle models

Automakers with sustainable dividends that are chipping away at Tesla’s share of the electric vehicle market as new U.S. tax credits favour more affordable offerings.Top EV makers are gaining on Tesla – notably, new U.S. registrations of Tesla cars slipped to 65 per cent of the total number of new EV registrations for the first nine months of 2022. That’s down from 71 per cent in 2021 and 80 per cent between 2018 and 2020.

The consumer tax credit – targeting cars under US$55,000 and trucks or SUVs under US$80,000 – takes effect this year and favours the lower-priced vehicles of General Motors, Toyota and other legacy automakers assembled in North America.

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In some ways all the hype and mandates surrounding electric cars remind me of Hans Christian Andersen’s 'The Emperor's New Clothes'

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