The primary reasons for China’s EV market dominance are myriad and well-trod. China put serious government money behind EVs. It cut red tape, incentivized buyers, and provided cheap property. Homegrown companies with minimal or no experience building ICE vehicles saw the transition as an opportunity, not a chore, as many Western companies clearly perceive it. Yet one factor is as under-covered as it is important. A far larger proportion of Chinese EV buyers are first-time car buyers. Many more had owned only one or two cars before. That’s key for one main reason: In China, EVs were free from much of the baggage still weighing them down here. Photo by: InsideEVs Ford’s CEO recently called the economics of large SUV EVs “unresolvable.” I agree, which is why EREVs and hybrids
Tag Archives: EVMarket
Jan
The road ahead for Tesla is a bit rocky. With a CEO facing scrutiny over his vocal far-right politics and the electric vehicle brand suffering because of it, Tesla needs a win. Investors are pointing towards a more affordable model being the answer and are expected to grill the automaker over the so-called “Model Q” during its earnings call on Wednesday. Here’s what we expect. Welcome back to Critical Materials , your daily roundup for all things electric and automotive tech. Today, we’re chatting about Tesla’s investors looking for answers on its supposed cheap car, European EV buyers surveyed say they’d rather buy a Chinese EV than give Elon Musk their money, and OEMs file suit against Europe over tariffs. Let’s jump in 30%: Tesla’s Shareholders Expected To Want Answers About
Jan
The updated Tesla Model Y is going into production today in Germany. The report comes from the German newspaper Handelsblatt. American customers will have to wait a little longer to get their hands on the facelifted crossover. The updated Tesla Model Y is reportedly going into production today at the company’s European factory in Germany. According to the German newspaper Handelsblatt , employees at Tesla’s Gigafactory Berlin facility were informed of the product launch yesterday, with assembly set to begin today, January 14. Tesla’s sole manufacturing facility in Europe only assembles the Model Y, which was once again the best-selling electric vehicle in the world last year. However, Tesla’s grip on the car world slipped slightly in 2024 when it saw global delivery numbers fall for the first time, despite