That’s a big head start to overtake.
How long will Tesla hold onto its dominant electric vehicle (EV) market share?
This is one of the biggest questions facing the U.S. automotive industry. On one hand, Tesla has a very strong brand and loyal customer base (similar to Apple). The company also has a headstart in EV production and spends more on R&Dper car than its competitors.
On the other hand, legacy automakers such as Volkswagen are eager to overtake Tesla. As the incumbents, they have decades more experience in building cars and are investing billions of dollars to catch up.
To keep you up to date on this evolving story, Visual Capitalist’s Marcus Lu uses data from the EPA’s 2022 Automotive Trends Report. in the following infographic
https://www.visualcapitalist.com/ev-production-by-brand-united-states/