the $7,500 federal rebate on them is driving sales at the moment.
Manufacturers have been dropping prices on a regular basis, forced to by Tesla which has a massive head start and scale of production. The $7500 rebate helps. Tesla is also trying to keep its market share thus it is fighting newcomers with pricing. Tesla also has the charging network in place; though this can be utilized by others using an adapter (meanwhile many other EV manufacturers have adopted the Tesla charger as standard starting next year).
There are some who think the EV market is near saturation, too. Hertz rental company also has a problem - the constant dropping of prices is forcing them to write down the value of their fleet and because there is no serious 3rd party player Tesla controls all the repair and replacement parts. It’s very expensive to run a fleet of them.
“a record leap of 0.7 percent over second-quarter numbers.”
Epoch Times is usually better than this. Calling a less than 1% increase a “record LEAP”. Despite the massive push and $7500 tax payer dollars on each sale they could not even increase sales 1% of the market. Now that more of the problems are becoming known the sales are tanking
“the $7,500 federal rebate on them is driving sales at the moment”
Even more so next year when a buyer isn’t getting back what they paid in Federal tax. It’s a pure socialist / welfare play. If you can qualify for the loan you will get $7500 off the top at the Dealership even if you didn’t pay a penny in Federal taxes. And you just know Biden / Obama will threaten those loaning money for cars to look the other way when some schlep with horrible or no credit wants an EV.