Sorry, elon, but Tesla Is only The 10th-Best Selling Car Brand In the U.S.
According to a new report, Tesla will sell 632,000 vehicles in the U.S. this year, which puts it in 10th place among all brands, but is a dip from 2023. Meanwhile, market leader General Motors, which sells very few EVs, will lead the industry with sales of 2,579,000. GM has planned to be a major force in the EV sector, but less than 5% of its sales fall into that category.
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The new analysis from Cox Automotive shows that total car sales in the U.S. will be 15,979,00., up 2%. Tesla’s sales will fall 6% while GM’s will rise by 4%. The largest gas-powered car companies will post a single-digit percentage sales increase in 2024. The exception is deeply troubled Stellantis, the owner of Chrysler, Jeep, Dodge and RAM.
Apart from Tesla, no market leader based on market share has meaningful EV sales, with very few Americans having turned to them as an option. Part of the reason is low gas prices, which are now less than $3 a gallon of regular at a nationwide average.
Charging woes
Americans have not been able to convince themselves that EVs are no more than expensive vehicles that take a long time to charge and have too few charging stations.
Next year is likely to be worse for EVs. The incoming Trump administration has said it will kill the $7,500 tax credit that is offered on a large number of EVs. Meanwhile, EV prices are already about $10,000 above those that are gas-powered.
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