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Is the electric car industry competitive?
I’m beginning to see a wider variety of EVs on the road. Is the electric car industry getting competitive?
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great observation. With the global push toward zero-emission transportation, the electric car industry is becoming competitive.
Until now,
Tesla
has dominated the electric car segment and is continuing to do so. About 75% of EVs sold during the first quarter of 2022 were Teslas. Its Model 3 sedan and Model Y SUV models make up the majority of the market in the US. However, Tesla’s rear-view mirror is getting crowded as competition grows daily.
Almost every major auto brand has released its very own electric car. If not, they most certainly have plans to electrify their fleet. And Americans are growing more aware of the other alternatives. These changes will certainly change the electric car landscape, giving Tesla a run for their money.
After you’ve bought your electric car, you’ll need to know how to insure it. The
Jerry
app is an excellent place to start. Jerry, a licensed broker, does all the hard work of finding affordable quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even help you cancel your old policy.View full answer
- Gregory R.
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