This article analyzes the Q1 sales results of three leading automakers and explores why the EV laggards performed the best. It discusses the electrification strategy of these brands in the US market and evaluates their performance in the 1st quarter of 2024.
In this article, I analyze the Q1 sales results of three leading automakers and try to make sense of why the EV laggards did the best.I’m going to discuss the electrification strategy of three of the brands in the US market and how it worked for them in the 1st quarter of 2024.
I used the same methods for this table, except I listed the least expensive Model Y available in each period. In the first two periods, that was the Long Range AWD, but in the most recent period, that is the RWD Model Y with 260 miles of range . This shows the entry level Model Y price dropped even more than the apples to apples comparison I first showed. So, clearly, the price dropped considerably no matter how you look at it.
In addition, the Model 3 lost the federal tax credit, unless you use the leasing loophole. I think this may be the most significant of the reasons and explain most of the drop. Most people don’t know the prices have dropped so much. This is the whole “should Tesla advertise or just cut prices” debate. Even though Tesla does advertise now, most people still don’t know about the lower prices. , BYD , Nio , XPeng , Hertz , NextEra Energy , and several ARK ETFs. But I offer no investment advice of any sort here.
I have been a software engineer for over 30 years, first developing EDI software, then developing data warehouse systems. Along the way, I've also had the chance to help start a software consulting firm and do portfolio management. In 2010, I took an interest in electric cars because gas was getting expensive. In 2015, I started reading CleanTechnica and took an interest in solar, mainly because it was a threat to my oil and gas investments.
Q1 Sales Automakers EV Laggards Electrification Strategy US Market Tesla Hyundai Toyota
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why hybrid sales surge as EV sales flattenAs EV sales are leveling off, hybrids are back, stronger than ever. Carmakers including Ford, General Motors, Toyota, BMW and Hyundai are boosting production.
Read more »
Live Election Day coverage: Race results, expert analysis and moreThe 2024 Illinois primary election is Tuesday, and as the votes are counted, voters will be able to watch live in real time.
Read more »
Analysis: U.S. automakers race to build more hybrids as EV sales slowAs U.S. sales of gas-electric hybrid vehicles surge and EV sales cool, automakers are betting on consumer demand for a compromise: hybrids. Ford for example can't build hybrid Mavericks fast enough.
Read more »
UFC 299 Sean O'Malley vs Marlon Chito Vera live results and analysisThe bantamweight title is on the line in Miami. Follow live.
Read more »
WrestleMania 40 Night 2: Live results and analysisWill Cody Rhodes finish the story? WrestleMania 40 wraps up with the undisputed Universal Championship bout. Follow live.
Read more »
WrestleMania 40 Night 1: Live results and analysisIt's time for the biggest night on the WWE calendar. Follow along live with match recaps, celeb sightings and more.
Read more »