The Latest Breaking News on Ford U.S. EV Sales Decreased 11% In January 2024

Tesla Model Y lead times have increased in Germany amid a surge in demand following Tesla's recent price cuts.

The Jeep Avenger will start at £36,500 in the UK, it has been revealed. However, it will not be sold in the US.

Supply chain disruptions, mounting economic concerns, and high vehicle prices are all contributing to declining optimism about EV adoption. Hence, it could be wise to avoid fundamentally weak EV stocks NIO Inc. (NIO), Lucid Group (LCID), Nikola (NKLA), and Mullen Automotive (MULN). Read on….

In this post, we will take a look at the sales results of the three largest electric car manufacturers globally - Tesla, BYD and Volkswagen Group - in 2022.

Even though the US new car market as a whole shrunk in 2022, more EVs were sold reaching a 5.8 percent market share, up from 3.1 percent in 2021.

Tesla made its biggest price reductions ever in the US, and now people are reportedly flocking to stores, and sales are skyrocketing.

Even as people point to increasing competition as a threat to Tesla, the automaker’s current positioning is hugely dominant in the market.

Kia UK CEO Paul Philpott warned that such a "blunt" action could inflict significant damage on the residual values of Kia electric vehicles in the longer term.

The China Merchants Bank International (CMBI) revealed that Tesla sales, during seven days between January 9-15, increased by 76 percent year-over-year.