Meanwhile, the broader European EV market grew by 33%, highlighting Tesla’s struggle against local competitors. Elon Musk’s Tesla experienced a significant drop in global market share in January, with sales plummeting in key regions, according to media reports. Despite continued demand for electric vehicles (EVs), Tesla’s performance was overshadowed by rising competition, particularly from Chinese…
Now that the shine and allure of being the ‘new fad’ and government subsidies are starting to wear off – along with a marketplace full of super-saturated competition and robust supply – EVs simply aren’t selling. That was the topic of a new FT report that claims the auto industry’s shift toward EVs, once seen…
General Motors reported third-quarter earnings that topped estimates. GM’s profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM’s EVs hold a 9.8% share of the US EV market, behind only Tesla. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….