Seven automaker stocks challenging Tesla’s dominance with electric vehicles

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.

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

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.

Will the Bank of Canada raise mortgage rates again in 2023? Here's what industry experts predictThe Bank of Canada raised its key overnight lending rate seven times last year, increasing it to 4.5 per cent in December in an effort to tame Canada’s runaway inflation. Will it continue to hike rates in 2023? Very likely, yes. Yes it will rise one more time 1/4 point is my guess Bank of Canada making a huge mistake by still raising interest rates. A very painful recession is inevitable especially when home owners will not be able afford to pay their existing mortgages and start selling off, bringing the housing market to a crash. Expect decade of mess!
Source: CTVToronto - 🏆 9. / 84 Read more »