Tesla Retains 80% Of EV Market AFTER Losing Tax Credits

Well for the entry price there is no other option. We will see when all these new EVs come into the market in the next few years but if they cannot compete on price and range, Tesla will keep that 80% market share. All I am seeing is expensive SUV/Truck EVs coming from other EV manufacturers and nothing like a Model 3 at $35K.

With tax incentives, you can get a 200+ mile Leaf, Bolt, Kona, or Niro for under $30k.

When there are so few other EVs this is hardly news.

That 1000 horsepower Hummer should take a huuuuuuge share of the market.

I seem to remember a TON of people saying Tesla sales were going to fall off a cliff as soon as the $7,500 tax credit was removed.

81.6% market share.

Also, I don't see any compelling competition coming this year except for the Mach-E, and that will be really limited production until next year.

Well, the ID.4 is also arriving by year end. It too has the potential to be competitive, depending on pricing. But since the first models will be imported, availability might be limited for it as well for a while.

"I seem to remember a TON of people saying Tesla sales were going to fall off a cliff as soon as the $7,500 tax credit was removed.

81.6% market share."
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The 2nd half does not prove the 1st half was wrong.

Well, sales did not fall off a cliff despite losing the incentive and COVID. The amount of free marketing Tesla is getting these days thanks to their stock price and the Model Y production ramping up (and hopefully quality issues ramping down) will do doubt help keep things up for H2.

I'm excited about the ID.4, but am not optimistic they'll be able to release it in any meaningful volume in the US this year. It looks to be $10k less than a Model Y but will missing 100 horsepower, Autopilot/FSD upgrade-ability, and the Tesla brand.

" It looks to be $10k less than a Model Y but will missing 100 horsepower, Autopilot/FSD upgrade-ability, and the Tesla brand."

I don't care about that much HP, what the ID.4 will have is more than enough for me. Autopilot would be nice but I still know how to drive, so it's really necessary. FSD I have zero interest in. Tesla brand is neither a plus or minus for me. But I can wrap my head around a price $10K lower.

"Well, sales did not fall off a cliff despite..."
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Oh, Precious, you try really hard, don't you. What you said is totally irrelevant to the point.

This: "...the ID.4 will have is more than enough for me..." will attract customers and if VW can control pricing (they never have before) and deliver excellent quality (they never have before) it will be a success. You expect shoddy quality from Tesla because they think shitty is good enough, but VW should be able to be far better. So, why isn't it?

@atc98092 if you don't care about the power or future upgradeability, then the ID.4 might be the right car for you. The only other concerns I could think about would be fast charging if you plan to travel long distances (only Teslas can use Superchargers) and resale value if you don't plan to keep your car for a very long time. If cost is really an issue, there is a Chinese company releasing a new car in the US that will cost $10k after incentives, new.

Largely- the MYTH of VW quality is based on a completely different - very early generation of vehicles - most of which were produced for Decades with few changes- most of which were very basic transportation - and had minimal fancy features. They were cheap to buy, cheap to fix (Used parts were everywhere),easy to fix for anyone who could identify a wrench.

Today's VW's are not cheap to buy - very expensive to repair - and largely huge money pits once they are out of lease. Transmissions are often twice the cost of most other rebuilds. Lots of engine problems too. VW has had these problems for a while - and it has not gotten better over time. Audi is just as bad. AND people know about the problems too. Anything they make will not be the solution to any problems with Evs.

With 81% of the market, it appears that Tesla is rules a niche market. The fact traditional auto manufacturers also produce EVs via government mandate but the products are nailed to the showroom floor indIcates that consumers Have rejected EVs.

Given the satisfaction EV drivers have and rapidly dropping costs, it is unlikely to stay niche for long. Exponential growth in the market is coming and all major manufacturers see that.

And then their battery dies and the car is totaled.

Batteries don't just die, they slowly degrade over a long period of time. Even if 50% capacity is lost after 10 years, that is still a usable car and in the case of Tesla probably still has over 150 miles of range. Most of the batteries today will still be functional after 500k miles.

Car manufacturers see cars that consumers don’t want, that they are mandated to produce, requiring billions of dollars in R&D and an unsustainable ROI.