Five New EV Models Drive Up North American Factory Production
Tesla still dominates EV manufacturing, but the growing number of electric cars on the US market led to a 39% surge in first-quarter output.
The Volkswagen ID.4 is one of several new cars whose debut bolstered North American EV production in the first quarter.
Photographer: Krisztian Bocsi/BloombergThere’s one big reason EVs are getting slightly cheaper: More of them are rolling off production lines. North American factories cranked out 219,000 battery-powered cars and trucks in the first three months of the year, a 39% increase over the year-earlier period.
Tesla Inc., which has recently sparked a price war in the global EV market, continues to dominate it. The carmaker boosted North American production of each of its four vehicles in the first quarter, according to Bloomberg Intelligence, and bolted together more than 150,000 cars in total. But it’s a parade of entirely new cars and trucks that is starting to really move the needle on EVs in America.