Tesla is unquestionably dominant; nevertheless, are its competitors catching up?
People in the United States are increasingly purchasing electric vehicles . In fact, according to Kelley Blue Book (KBB), Americans bought nearly twice as many electric cars in the first four months of 2022 as they did in the first quarter of 2021 , and the floodgates are just opening. For the first time, electric vehicles (EVs) accounted for more than 5 percent of all new automobile sales in the United States during the third quarter. Despite a long list of attractive new electric vehicles entering the market, it is evident that Tesla remains the undisputed market leader. According to KBB, Tesla was responsible for around 75% of all-electric cars sold in the United States in the first quarter of 2022 . Furthermore, the Tesla Model Y and Tesla Model 3 alone accounted for 68 percent of all sales in that period. Working your way down the list, KBB demonstrates that it becomes more apparent just how far ahead Tesla truly is. For example, about 48,000 Model 3 sedans wer...