2024-07-10 05:52:50
Automotive
Business

Shift in US Electric Car Market: Tesla's Declining Market Share

Image used under license from Shutterstock.com

In the US electric car market, a significant change is occurring as Tesla's market share falls below 50%, marking a shift in the industry dynamics. Tesla's sales decline has allowed competitors like General Motors, Ford, and Hyundai/Kia to gain traction in electric vehicle sales.

Despite an overall 11.3% increase in new electric road vehicle sales, the growth rate has notably slowed. The decline in Tesla's dominance reflects the intensified competition from traditional automakers introducing electric vehicles with comparable features.

This shift signifies a diversification in consumer choices and a more competitive landscape in the electric vehicle market, as companies strive to capture a larger share of the growing market demand.

The press radar on this topic:

Heise News Wirtschaft
9. Juli 2024 um 22:44

USA: Electric cars lose market share, Tesla loses majority

Finance
Technology
Economy
The US electric car market is undergoing a change. In the second quarter of 2024, Tesla lost its absolute majority, as the company's sales are declining, while the competition is selling significantly more electric vehicles. General Motors, Ford and Hyundai/Kia have gained market share. Overall, the sale of new electric road vehicles has increased by 11.3 percent year-on-year, but market growth has slowed significantly.
Heise
9. Juli 2024 um 22:44

USA: Electric cars lose market share, Tesla loses majority

Finance
Technology
Economy
The US electric car market is undergoing a change. In the second quarter of 2024, Tesla lost its absolute majority, as the company's sales are declining, while the competition is selling significantly more electric vehicles. General Motors, Ford and Hyundai/Kia have gained market share. Overall, the sale of new electric road vehicles has increased by 11.3 percent year-on-year, but market growth has slowed significantly.
New York Times - Business
9. Juli 2024 um 21:17

Tesla’s Share of U.S. Electric Car Market Falls Below 50%

Finance
Technology
Economy
Politics
Tesla's share of the U.S. electric car market fell below 50% in the second quarter of 2022, as other automakers like GM, Ford, Hyundai, and Kia gained ground. Overall, U.S. electric vehicle sales climbed 11.3% from a year earlier, suggesting healthy consumer demand. The decline in Tesla's market share reflects increased competition from established carmakers introducing electric vehicles with similar capabilities to Tesla's cars.
Heise
10. Juli 2024 um 04:15

Wednesday: Electric car market share declining, China leading in AI usage | heise online

Technology
Economy
The market share of electric cars in the USA is declining, while General Motors and other manufacturers are selling more electric vehicles. However, Tesla remains the market leader. China is leading in the use of generative AI in companies, while the USA is leading in the implementation of AI. Meta also wants to delete attacks on 'Zionists' if they contain anti-Semitic stereotypes.
CW

Account

Waiting list for the personalized area


News-Podcast

The most important news of the day to listen to.

Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!