Who Is Going To Rival Tesla In The EV Market? - Michelle Krebs, Executive Analyst, Cox Automotive - video Dailymotion

Benzinga

Michelle Krebs is an automotive analyst and award-winning writer with over 35 years of experience covering the global auto industry. She has spent the last eight years providing analysis and insights on the auto industry using a trove of consumer and industry data from Cox Automotive and its brands including Autotrader and Kelley Blue Book. Catch the full interview on Benzinga's YouTube channel now.

Transcript

00:00 It's kind of interesting. We are seeing sales of EVs increase. They hit

00:04 300,000 units in the second quarter the highest ever

00:08 Almost 50% from a year ago

00:11 We are anticipating that EV sales in the US will hit a million units for the first time ever this year

00:17 It was somewhere around 800,000 a year ago

00:20 and

00:21 Tesla is

00:23 Still dominant although and it's a sales and deliveries keep going up

00:28 But its share has fallen which you would expect they used to have a hundred percent share

00:34 That's not going to last forever a lot of new competitors in the market. However

00:38 The EV inventory is starting to build in a beyond what demand is right now

00:46 So we've got to sort that out Michelle

00:49 We know Tesla's probably gonna stay number one for a long time who has the potential to become number two

00:54 Who's going to you know, and you know, maybe maybe don't want to stock specific companies

00:58 But who do you think is on the rise here that has a potential to move up there and give Tesla a run?

01:04 Well, it depends on the short term or the midterm long term. Let's go long. That's what our long

01:09 Let me just say

01:15 you know GM came in second in terms of

01:19 EV registrations, but it did that using the bolt and of course that's going away at the end of this year

01:24 they're certainly GM is betting a lot on EVs and

01:27 Got a lot coming on Ford as well, but they just cut the price on the f-150 lightning

01:33 As well as the Mustang Mach-E. So that that's kind of interesting as well

01:39 Hyundai and Kia have a lot of

01:42 Promising EVs. However, they don't yet qualify for the EV tax credit

01:48 So that has been a disadvantage for them and you and we saw their registrations go down

01:52 Volkswagen's there

01:55 the there there are a lot of there are the pies getting bigger and

01:59 People are their companies taking the slices, you know, Toyota Tesla still has the biggest slice then

02:06 you know looking at Toyota everybody's talked about them being an EV laggard, but

02:10 Looks to me like they're going to try to leapfrog some of the current technology

02:15 with solid-state battery in the

02:17 second half of the decade

Who Is Going To Rival Tesla In The EV Market? - Michelle Krebs, Executive Analyst, Cox Automotive

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