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EV Market Dynamics: Tesla Leads
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The electric vehicle (EV) market is expanding, constituting 8.6% of new-vehicle retail transactions in Q4 2023. Tesla continues its dominance in this sector with models like Model Y and Model 3. Notably, the credit score of EV buyers slightly decreased, enhancing accessibility, while gasoline car buyers experienced a rise in credit score.
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How might the increased accessibility of EVs impact the overall automotive industry?
What strategies can other EV manufacturers employ to challenge Tesla's market lead?
Will the shift towards EVs have a significant environmental impact in the long term?
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