The electric vehicle (EV) market is booming, with a 14 percent increase in sales overall. However, Tesla’s performance does not mirror this trend. When Tesla’s sales are excluded, the growth in non-Tesla EV sales is a significant 69 percent.
Tesla’s new US registrations have been falling for three consecutive months, with a 17 percent drop in April alone. This decline has resulted in Tesla’s share of the US EV market dropping to 46.3 percent in April, down from 63.8 percent a year earlier.
In contrast, other automakers are experiencing a surge in their EV sales. Ford’s EV registrations rose by 169 percent, Kia’s increased by 172 percent, and Toyota’s jumped by a staggering 647 percent for its lone EV model, the bZ4X crossover.
Tesla’s declining sales and market share could be attributed to its history of poor quality control and unpredictable feature removal. As automakers with more established supply chains, dealer networks, and repair centers start building electric vehicles, Tesla’s market share may continue to plummet.
Read more: jalopnik.com