Tesla market share could be dented by cheaper rival EVs - S&P Global Mobility

A Tesla electric vehicle is seen through a charging point displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photomay be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options.

With electric cars quickly gaining popularity among masses, models priced below $50,000 are in big demand, an area where the world's most valuable automaker "does not yet truly compete", S&P Global Mobility said in a report on Tuesday. The Model 3 compact sedan is the Elon Musk-led company's least expensive vehicle on sale, with a starting price of just under $47,000.

"Tesla's position is changing as new, more affordable options arrive, offering equal or better technology and production build," the research firm said, adding that the company's ability to hold on to its market share will be challenged in the future.

Such a sour liberal cuck you are. Can’t stand a man giving everyone a voice

ICE makers will die, that is the point

Elon is amazing , love everything he’s doing for this world

Nonsense

Tela isn't in the EV market. Tesla is in the automobile market.

You got it backwards. Tesla’s growing share of the total auto market will hold back the growth of rival EVs’ share of the total auto market.

Best start advertising on Twitter. .

News: S&P and/or Reuters lets the interns publish reports! Ford Mach-E, 3rd best selling EV, left off the list of competitors in the Reuters article. Or was it S&P? Or maybe they don't think that the Mach-E is competition?

These numbers don’t add up, they must include the sales of hybrids. For example see their chart below. Ford does not have a non-luxury BEV. Also Tesla is gaining market share worldwide vs all legacy manufacturers combined for at least the last 3 years.

It’s going to collapse due to Musk’s irrational behavior!

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EVs Could Account For ~90% Share Of The Market By 2027This article looks at the forecast that electric vehicles will take the majority of the marketplace by 2027. We'll need much better infrastructure on the personal vehicle front if that's going to happen. IMHO. No chance. Unfortunately there won’t be enough lithium mines up and running by then. Maybe 5 years later. If you count hybrids and phev's as ev's. With enough minerals stripped from the earth. Yes 90% by 2027 is achievable. Have to concentrate on hybrids and phevs.
Source: cleantechnica - 🏆 565. / 51 Read more »