477
Tesla loses EV market dominance, falls below 50% in US [unit sales in 2024Q2]
(www.theregister.com)
this post was submitted on 11 Jul 2024
477 points (97.6% liked)
Technology
60082 readers
4864 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Good? Even if Tesla wasn't shit it's probably for the best if one company doesn't make up the majority of an industry.
And normally this would be good for Tesla as it'd indicate the industry is growing a lot. So even if they aren't most of it their total sales would probably increase.
Surprisingly their sales have actually gone down YoY, and considering the hugely growing EV market, that is hard to do.
Idk, the EV market has stagnated quite a bit, which is why used EVs are getting a lot cheaper. They just don't have the range for broad market appeal, so those who want them largely have them.
It's still growing, but a lot of EVs are sitting on the lots longer instead of being a waitlist. Essentially, supply has caught up with demand.
I wouldn't say supply has caught up with demand, there's a lot of other factors that contribute to people WANTING an EV, but being aware that it's not feasible yet for them due to things like average price, charging access issues, etc.
That's a demand issue then. The supply has saturated demand at current prices, so prices need to come down to align with demand at lower price brackets.
But demand is sti higher, it's just mitigating factors, I want an EV but I live in an apartment so I can't easily charge it, so I went with a hybrid instead as an in-between till I own a home and the infrastructure and battery tech improves.