The Latest Data on Electric Vehicle Registrations
- New Tesla registrations in November increased by only 8.6 percent, according to the most recent data.
- Chevrolet, on the other hand, experienced a decline in registrations.
- Rivian, Mercedes, and Kia, however, saw their numbers double compared to 2022.
Tesla’s Slow Growth and Competitors’ Success
Despite being one of the leading electric vehicle manufacturers, Tesla’s growth in new vehicle registrations has slowed down. In November, their registrations only increased by 8.6 percent compared to the previous year. On the other hand, other automakers such as Rivian, Mercedes, and Kia have seen considerable success, with their registration numbers doubling compared to 2022. This data indicates that the competition in the electric vehicle market is intensifying, and consumers are increasingly considering alternative brands when choosing an electric vehicle.
Click here for the original article.