Norwegian and other European routes have already been robbed by Volkswagen for the first place in electric car sales
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Tesla’s share of the U.S. electric vehicle market is plummeting.
On the 4th, CNN Business reported that investment bank Morgan Stanley analyzed that Tesla’s share of the US electric vehicle market last month was 69%, down significantly from 81% in the same month last year. Morgan Stanley explained that sales of internal combustion locomotives in the US auto market declined 5.4% last month, while sales of electric vehicles increased by 34%, while Tesla’s sales increased but its market share fell. In particular, it was diagnosed that the Mustang Mach-E, Ford’s electric sports utility vehicle (SUV) launched at the end of January, sold 3,739 units last month, leading Tesla’s market share decline.
Tesla has already lost its No. 1 position in electric car sales to Volkswagen in Norway and other European countries. Tesla has enjoyed a virtually monopolistic position in the electric vehicle market so far, but automakers have released electric vehicles one after another, making competition inevitable. Tesla’s expensive models, Model S and Model X, are being challenged by Porsche, BMW, Audi, and Jaguar. Tesla’s flagship Model 3 and Model Y SUVs are also being pursued by Hyundai Kia, Chevrolet, Volkswagen, Nissan and Ford.
Meanwhile, Volvo announced that it will convert all models to electric vehicles by 2030. Ford also announced that it will withdraw internal combustion engine cars from continental Europe by 2030 and release only electric cars. General Motors (GM) also announced a plan to cease production and sales of gasoline and diesel engine cars globally by 2035.
/ Reporter Park Yena [email protected]
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