Tag: demand
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Electric vehicle manufacturer Lucid surpasses first-quarter delivery projections with increased demand due to price reductions
Lucid exceeded market expectations for first-quarter deliveries on Tuesday due to price cuts that boosted demand for its luxury electric sedans, resulting in a 4% increase in share value. During the first quarter, the company delivered 1,967 vehicles, surpassing the estimated 1,745 according to eight analysts surveyed by Visible Alpha. Even after reducing prices of…
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U.S. Shoppers Demand Additional EV Choices Beyond Tesla
Parked TeslasJustin Sullivan/Getty Images EV shoppers want more choices than Tesla. Latest EV survey results could spell trouble for Tesla growth. This is the latest sign that the EV slowdown is catching up to Elon Musk. Electric vehicle shoppers are getting tired of Tesla. According to an annual study by UBS, well over half of…
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BMW electric vehicle sales increase while competitors face challenges due to low demand
BMW AG’s sales of fully electric vehicles at its core brand surged in the first quarter, outperforming rivals like Tesla and Volkswagen, which have struggled to cope with faltering demand. Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period…