Exploring Tesla Alternatives: Why One Long-Time Owner is Making the Switch
Mar 25
chevy equinox ev
Loading news...
Honda Prologue Takes Top Spot as Most Leased Non-Tesla EV in Q1 2025
The Honda Prologue has become the most leased non-Tesla EV in the US for Q1 2025, drawing consumer interest with competitive lease rates averaging $486 per month. A significant factor is the $7,500 federal EV tax credit, which may soon expire under proposed legislation. This news arrives amidst a rise in EV leasing trends, with nearly 60% of new EV buyers choosing to lease. However, the possible expiration of the federal tax credit could impact market dynamics and EV affordability.
Jun 21
Tesla's Market Share Declines as US EV Sales Growth Slows: What's Driving the Shift?
US electric vehicle sales saw a 15% growth in Q4 2024 compared to the previous year, with Tesla maintaining its lead but witnessing a significant drop in market share from an historic high of ~80% to 44.9%. Ford and Chevrolet emerged as strong contenders, and new models like Honda Prologue and Chevy Equinox EV drove considerable momentum. While Tesla continues to lead, the overall market's growth rate has slowed, partly due to Tesla’s declining sales. However, the evolving landscape reflects a maturing and competitive EV market.
Jan 26