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EV Market Growth: Tesla Dominance
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Overview
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Electric vehicle (EV) market grows with EVs representing 8.6% of new-vehicle retail transactions in Q4 2023. Tesla maintains dominance, particularly with Model Y and Model 3. EV buyers experience a slight drop in average credit score, enhancing accessibility, in contrast to gasoline vehicle buyers.
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How might the increasing accessibility of EVs impact consumer preferences and market dynamics?
In what ways could the shift towards EVs influence traditional automakers and the fossil fuel industry?
What strategies could competitors employ to challenge Tesla's dominance in the EV market?
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