TeslaDespite surging auto sales, Toyota’s dominance in the U.S. electric vehicle market is fading.
The company’s share Electric car The New York Times reported on Tuesday (July 9) that the EV market fell by just under 50% in the second quarter of this year. Cox Automotive.
According to the figures, Tesla accounted for 49.7% of EV sales from April to June, down from 59.3% in the same period last year, and the company Kia, GM, Ford and Hyundai.
The report said this is the first time the Elon Musk-owned company’s market share has fallen below 50% in a quarter.
Intense competition is “leading to continued pricing pressures, slowly driving up EV adoption,” the company said. Stephanie Valdes Streety“These companies are looking to expand their presence in the market, and we are excited to see how they can help,” said Cox’s director of industry insights.
Total U.S. EV sales increased 11.3% year over year, according to the report, indicating that consumer demand for EVs remains healthy, although not growing at a 40%-plus annual rate as in 2023.
U.S. consumers bought or leased more than 330,000 electric cars and light trucks during the quarter, representing 8% of all new vehicles. car The report said 1 million properties were sold or leased during the period, up from 7.2% in the same period last year.
Tesla sold 443,956 vehicles. EV Global sales in the second quarter beat Wall Street expectations but still fell 4.8% from a year ago, following an 8.5% decline in the first quarter.
Overall industry growth may be constrained by consumer concerns. Charging the vehicle And pay those fees.
a U.S. Department of Energy The report points out that key issues include the reliability of network connections, the robustness of hardware, and the integration of payment systems.
A strong network connection is necessary, and the report suggests the use of external antennas and redundant SIM cards to improve connectivity. Durable, weatherproof card readers are also important, along with regular maintenance to ensure functionality.
“Failure to receive and process payments is a public [EV] “Failed billing sessions,” the report said, highlighting the need for reliable payment solutions to avoid service interruptions.
