Tesla is the main brand in the electric market today. Famous for its sporty, stylish, and cool cars. To compete for this, Tesla’s competitors have entered the market with some top-notch EVs to compete with Tesla.
In this blog, we will tell you why we think Tesla’s car competitors can really compete with Tesla, even after Tesla has been rocking in the EV industry so far.
Tesla Is Power Packed
The website CleanTechnica reported that Tesla accounted for 78 percent of all EV sales in 2019. That is very short of the 190,000 cars, which is worth about 1.3 percent of all new car sales in the United States last year.
These are staggering figures that have left Tesla’s competitors in the dust in just a few years. In fact, these findings are so strong that some industry professionals think that Tesla has already won the war and will lead the EV market in the future. Even though the market as a whole is holding tight, many non-Tesla EV manufacturers struggle hard not to lose sales.
The EV Market Is Booming
This news was not good for Tesla’s competitors. After years of increased sales due to high fuel prices, EV discounts and tax bills, and a strong social media push towards zero emissions, the non-Tesla EV market stalled.
The sales started to drop as compared to the previous year. (In contrast, Tesla sales increased in 2019.)The best-selling EV in 2019 that was not a Tesla was the Chevy Bolt. Chevy Bolt sold more than 16,000 cars.
Also, one of Tesla’s biggest car competitors, the Nissan LEAF, increased its sales. The Chevy Bolt has only been on sale for four years, and it made a statement that other brands can compete with Tesla.
EVs In 2020
First, there is an ongoing oil price war between Saudi Arabia and Russia. This will raise the low fuel prices and discourage consumers who may be considering switching to gas.
Moreover, there will be a significant reduction in demand for new cars due to the COVID-19 epidemic. This emergency has already caused serious damage to the economy of the world. It has almost sent the US into a recession. For these reasons, Tesla and Tesla’s competitors will report the poorest sales this year.
Technological advancements will produce better cars, and greater EV charging infrastructure will be available. This will results in sales and growth as long as the economy recovers. This is good news for the rest of the EV brands, including Tesla’s electric car competitors.
Most Americans move into a future where self-driving cars are integral to all new car sales.
Existing financial incentives, including tax credits and discounts, will help make EVs more attractive compared to gasoline-powered vehicles. Government policy and public opinion likely support the economic benefits of Evs, which is a plus point for EV manufacturers.
Tesla Is Not Exactly Like Other EV Manufacturers
One of the keys to understanding the relationship between Tesla and Tesla’s competitors is to understand that Tesla is not in the same market as other EV manufacturers.
Telsa caters to specific clients. For example, men between their 40s and 50s and making more than $ 100,000 a year. These customers are more likely to buy electric cars for several different reasons.
Competitive sales of Tesla’s EVs also lie in this direction, but not at the same rate. Manufacturers of regular cars advertise their electric cars to a general audience.
These buyers are likely to focus on the absurdity and significantly reduced the maintenance of EVs compared to conventional cars.
However, it is wrong to claim that these two demographics are completely related. Both Tesla and Tesla owners favor the environmental benefits of switching to EV, as well as the national security benefit of reducing our dependence on imported expensive fuels.
Some of the Outstanding Features of Tesla
Tesla’s car, especially the Model 3, is a fantastic product – An EV that can rival with Tesla’s electric cars can touch on any metric:
- It has outstanding speed and range.
- Its national network of high-speed instant stations is very appealing to drivers.
- It has a standard 5-star safety rating for NHTSA, which means it is designed to withstand accidents and collisions.
- It has all the features and specs you can expect from modern cars, including 360-degree camera views, ultrasonic sensors, all-wheel drive, and even good cup holders.
- Its autopilot system handles steering, acceleration, and braking. There is a full driving force, which handles all driving activities for you, from parking to lane changing.
Tesla’s Self-driving Power Can Disrupt the Vehicle Industry
In particular, Tesla’s electric car competitors are not imitating Tesla’s self-driving technology. They are trying to create one of their own. One Japanese auto engineer estimates it will take six years for some manufacturers to get Tesla’s auto-driving technology.
The biggest problem is the nature of Tesla’s development. Long story short, Tesla’s innovations far outweigh the traditional car manufacturers that have been providing conventional vehicles for decades.
Self-driven cars and electric cars are two separate categories. Tesla car rivals need to realize that they can harm their non-EV sales by improving the self-drive to make their EVs more competitive with Tesla.
Catching Up To Tesla Is A Temporary Issue
Tesla has the upper hand over its competitors, for now. However, this is actually a temporary issue. Tesla’s automotive competitors will continue to refine their processes, ultimately providing competitive EVs.
In the meantime, Tesla’s electric car competitors are likely to focus on attaining market share from Tesla and focus more on increasing their sales.
Some EV Manufacturers Will Continue to Compete
With the long-term tendency of the EV market looks strong, the question is that is Tesla the future of EVs, or for will Tesla’s rivals ever become major competitors?
While it is clear that Tesla has achieved a very lucrative edge in the market, it is also an exaggeration to say that other EV makers have not.
Tesla has dominated the market in a short period by capturing market share from competitors.
This kind of flexibility is proving to be a strong boom in the future as the EV industry continues to gain momentum.
The ordinary American public is still waiting for a good enough reason to switch to EVs, and that’s a debate that everyone should make.
Finally, the solid foundations of non-Tesla EV manufacturers have not really changed. All of Tesla’s major competitors are big companies with well-made products and plenty of continuous power.
Whether it is Tesla or any other EV, sooner or later, you will need a place to connect your EV at home to charge. Because every growth is positive in the EV industry, there is no need to prefer one over another.
All the EVs manufacturers will focus on providing zero-emission because EVs are generally centered on two main issues. All EVs provide an economic advantage that is reducing pollution, and they aid the non-renewable resources that we have today.
Moreover, At Drivetricity, we focus on providing Ev charging solutions and Ev charging stations. We can provide commercial and residential EV charging. If you are looking for EV charging solution