EV sales: Hyundai overtakes GM, but Tesla's U.S. dominance continues
Publishing timestamp: 2023-07-07 11:32:39
Summary
Legacy automakers, including Hyundai and GM, are making efforts to increase their production and sales of electric vehicles (EVs), but Tesla remains the industry leader with a significant lead over its competitors. Tesla's market share has decreased as more competitors enter the field, but its global deliveries and production are expected to continue growing. Hyundai's second-place position is notable considering its vehicles don't qualify for federal EV tax incentives. GM's EV sales have been disappointing, but the company plans to catch up to Tesla in sales by mid-decade with the launch of new EV models.
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Keywords: breaking news: business, transportation, business news, united states, general motors co, elon musk, retail industry, climate, tesla inc, hyundai motor co, technology, breaking news: technology, ford motor co, volkswagen ag, mary barra, detroit, autos, rivian automotive inc, business,
Source: https://www.cnbc.com/2023/07/07/ev-sales-hyundai-overtakes-gm-but-teslas-us-dominance-continues.html