iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
The California Department of Motor Vehicles has asked for an administrative hearing that could result in penalties.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
As automakers report second quarter results, analysts say a market rebound may be on the way.
BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.
State dealer associations in some states have proposed new language in franchise laws to address new concepts in the industry such as over-the-air service updates and vehicle reservations.
