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The electric vehicle business is still growing.

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The electric vehicle business is still growing.

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32 segments

0:00

Just the electronic vehicle business

0:01

that Lucid's in, that Rivian's in, that

0:03

Tesla's in. What's that business like

0:05

right now?

0:05

>> So EV business still growing, uh

0:07

single-digit numbers here in the US.

0:10

Tesla's business in the US uh

0:12

flatish at best.

0:13

>> Flatish?

0:14

>> Yeah.

0:14

>> In the US?

0:15

>> Yeah. This will be a down year, most

0:17

likely, uh in in their EV business. But

0:20

the big thing is there, I think there's

0:22

still growth in overall electric vehicle

0:24

sales. I'd say China the strongest, then

0:27

Europe, and then the US.

0:29

>> Can you talk a little bit about the I

0:30

mean the China competition? I mean it's

0:32

it's real. They make decent cars, and

0:34

they make them for a lot less. So how

0:35

are these companies going to compete

0:36

outside the US?

0:37

>> It's very difficult. Tesla uh has been

0:39

competing in that market, and that's why

0:41

it's hard to compete with Tesla in the

0:43

US market is because they they make good

0:45

cars at a relatively affordable prices.

0:49

Uh the Chinese though, uh you know, I

0:51

was just in Europe for 2 weeks, and

0:53

almost every major city has at least two

0:55

BYD showrooms in Europe.

Interactive Summary

The video discusses the current state of the electric vehicle market, noting that US growth is stagnating with Tesla's performance potentially declining this year. It highlights that global growth remains strongest in China and Europe, and addresses the fierce competition posed by Chinese manufacturers like BYD, which are expanding internationally with high-quality, lower-cost vehicles.

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