Tesla’s percentage in the US electrical automobile marketplace fell below 50%

Tesla’s once-dominant share of the electric car market in the US fell to 50 percent in the second quarter of the day, while sales of battery-powered cars hit record levels, according to the latest estimates published Tuesday by an analytics company. Went. ,

Tesla’s share of electric car sales from April to June stood at 49.7 percent, down from 59.3 percent a day earlier, as the Elon Musk-led company lagged behind General Motors, Ford Motor, Hyundai and Kia, according to research. The agency, Cox Automobile said. According to Cox, this was the first hour the company’s market share fell below 50 percent per quarter. The company, a leading auto business researcher, estimates market share by taking into account registrations, corporate reviews and alternative information.

The numbers are a basic indication that Tesla is losing its market dominance under the influence of the introduction of the Type S sedan in 2012. Before that car, very few electric cars were sold in the US.

Overall, U.S. electric automobile sales rose 11.3 percent from a day earlier, suggesting consumer demand for the generation is still good, although gross sales are not rising more than 40 percent in a day as they peak. There were days. U.S. citizens purchased or leased more than 330,000 electric vehicles and solar vans throughout the quarter, accounting for 8 percent of all new vehicles sold or leased within the three-month period. A day earlier, electric cars’ share of the market was 7.2 percent, Cox said.

Tesla didn’t have much competition a few years ago, and there were plenty of good-looking alternative companies that could fit the ride area of ​​their vehicles at full charge or acceleration. However, established carmakers were introducing electric cars that could go 300 miles or more, with capabilities equal to and sometimes even greater than Tesla’s cars.

There are more than 100 electrical models available in the U.S., according to a remote list published Tuesday by the Alliance for Automobile Innovation, a professional task force. As the availability and quantity of fashion has increased, prices have fallen, making it possible for more of the public to afford one.

“Intense competition continues to put upward pressure on prices, which is helping slow EV adoption,” Stephanie Valdez Streete, director of business insights at Cox, said in a comment.

Many buyers are now purchasing electric vehicles from established carmakers like BMW or Ford, which have vast broker networks that can lend money for maintenance and upkeep. Tesla sells cars online and many consumers have said it can be difficult to get their cars repaired at the company’s small network of provider facilities.

Tesla’s sales have also been hurt by the aging lineup. Its best-selling automobile, the Type Y, went on sale in 2020, making it out of date as per business needs. Hyundai and its sister company, Kia, trade more electric models than Tesla, with competitive prices and new designs.

Nearing a gradual start over the past few years, GM has recently begun launching electric cars instead of models converted from fuel cars. The company is now using US-made batteries jointly with LG Power Solutions. In a few months, GM is expected to start selling an electric version of the car with GM’s Chevrolet Equinox game priced at about $35,000 before allowing a $7,500 federal tax credit.

Tesla critically said its global sales fell 4.8 percent to about 444,000 in the second quarter compared with the period a day earlier. The company doesn’t break out its gross sales by country, but Cox estimates Tesla’s U.S. sales fell 6.3 percent in the second quarter to 175,000 cars.

Mr Musk may also have hurt Tesla sales with his embodiment of right-wing politics on his owned social media platform X. Electric car owners tend to be broad or left-leaning, and electric car sales are best in states that typically elect Democrats to statewide and federal offices.

In contemporary quarters, sales of electric cars have not grown as fast as some automakers had hoped, although the market is still growing faster than fuel cars. The market for hybrid cars has been growing even faster than that of fully electric cars in recent times; Hybrids, which don’t need to be plugged in, allow customers to live off a poor nationwide family charging network.

Now not all carmakers are making profits. Cox said electric models including those from Mercedes-Benz, Polestar, Porsche and Volvo fell in the second quarter compared with a day earlier. The company said it would present clearer sales and market percentage figures on Thursday.