Tesla continues to dominate the EV market with competition encroaching

  • 📰 LuxuryDaily
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

As the overall market transitions to greater EV sales, it is inevitable that Tesla loses market share, though it is likely to remain a top-selling brand.

Marybeth Connaughton

“As the overall market transitions to greater EV sales, it is inevitable that Tesla loses market share, though it is likely to remain a top-selling brand,” said Stephanie Brinley, associate director at S&P Global Mobility.No more cruise control The company does plan to include two new models within the next three years, including a Cybertruck to debut in 2023 and, eventually, a roadster.

Those consumers were largely captured by Tesla’s Model Y, Model 3, Ford’s Mustang Mach-E, Hyundai’s Ioniq5 and Chevrolet’s Bolt.Still, it will be some time before the mainstream market fully embraces electric vehicles. One factor is the need for further consumer education on the topic. “Profitability and volume growth can continue for [Tesla], and those metrics are more important,” Ms. Brinley said. “We do expect that Tesla will continue to invest in more production capacity and broaden vehicle range to cover more price points, eventually, which can contribute to further growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 325. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla delivers its first electric Semi trucks promising 500 miles of range | CNN BusinessTesla made the first deliveries of its Semi truck to customers Thursday evening, five years after the heavy-duty hauler was first unveiled. The event included two truck cabs decked out in the livery of Pepsi and Frito-Lay, PepsiCo's snack foods subsidiary. Great! Crap story. A speculative study by the AmericanLungDC possible health concerns. EVs do have deferred climate and environmental issues… nuclear waste from charging is 1! I wonder if there is enough infrastructure for these, or if they will be confined to certain states because of the lack of chargers in other states?
Source: cnni - 🏆 326. / 59 Read more »