....probably increase as a percent of US EV sales (at least for the next couple of years). With the new Austin factory coming on line last month, capacity should more than double and Tesla sales are capacity restrained not demand restrained. The legacy auto makers were caught flat footed when Tesla showed that the market is much larger than the legacy makers expected.
The big problems for the competition are how to ramp production of their EVs and how to make a profit with them. Neither are simple tasks and they are having a hard time with both.
Their dealer networks that have to be subsidized by the sales price of the vehicle are not helping any. EVs need essentially no maintenance and with only a fraction of the parts of an ICE, need far less repair. Customers already hate the dealer sales model. Dealers will fight their demise to the bitter end further handicapping the legacy manufacturers ability to compete.
Here's Q1 EV sales in the US...
View attachment 141472
In California (the 5th largest economy in the world), Tesla Model Y and Model 3 outsold ANY vehicle...including all ICE vehicles.
1. Model Y 21,812 sold
2. Model 3 21,506
3. Toyota Rav4 15,900
Tesla Models 3 and Y have outsold all new cars in California in the first quarter of 2022. Even internal combustion engine (ICE) vehicles
cleantechnica.com
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