California EV Market Shows Strong Growth Despite Tesla's Decline

Electric vehicle sales in California hit record highs in early 2024, even as Tesla's market share decreases amid rising competition.

California's electric vehicle sales reached a record 102,507 in the first quarter of 2024, marking a significant growth in the market.
Tesla's sales in California continue to decline, with a 7.8% drop in registrations compared to the previous quarter.
Competition is intensifying as companies like Rivian and Mercedes see substantial increases in their EV registrations in the state.
Tesla opens its fast charger network to other manufacturers, potentially boosting the overall EV ecosystem.
Despite a slowdown at Tesla, electric and hybrid vehicles now constitute 37.5% of all new car registrations in California.