The steep price tag of electric cars - compounded by high interest rates - is one of several factors holding back uptake of the technology in Europe and the United States, consumer surveys show. Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan.
Tesla, the world's largest all-electric car manufacturer, once again increased its potential annual manufacturing output, recently exceeding 2,350,000 units.
The electric car market is heating up, with new models, styles and features included every year from a variety of carmakers. You might be in the market to buy an electric vehicle (EV) yourself,.