European, Japanese, and South Korean automakers haven’t achieved the economies of scale drive down EV prices, but they are getting better quickly.
Tesla meanwhile has been stagnant for a while, which means people who wanted that that kind of car likely already bought one and don’t see much reason to buy a new one. The poor publicity from Elon isn’t helping but they peaked in 2023 even as total EV sales grew substantially in 2024.
Tesla meanwhile has been stagnant for a while, which means people who wanted that that kind of car likely already bought one and don’t see much reason to buy a new one. The poor publicity from Elon isn’t helping but they peaked in 2023 even as total EV sales grew substantially in 2024.