icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube
EXCLUSIVE SNEAK PEEK:

NADA 2020 — Las Vegas, February 15–17

See What's New x

Tesla: more than 1 million people will be buying its cars by 2020

Tesla’s biggest competition for the Model 3 will not come from other electric vehicles

Share

Facebook Share Twitter Tweet Linkedin Share Email Email

Tesla says more than 1 million people will be buying its electric cars annually by 2020, many of them the Model 3 arriving on July 28. Given today’s electric vehicle (EV) market, that destination is still a long way off.

Though it gets talked up a lot, the EV market has yet to launch. Sales of electric cars represent just 1% of the record 17.55 million cars sold last year in the US. GM’s electric flagship, the Chevy Bolt, hasn’t seen spectacular sales despite sunny reviews (GM announced it was pausing factory production this summer to help clear inventory off its lots). Other models aren’t exactly driving themselves off the lot either.

Read more›

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.