Tesla has recently hiked prices on its electric vehicles in Canada, a move prompted by new tariffs that have sparked worries about a possible demand slump. Industry experts are sounding the alarm, suggesting that these rising costs could discourage consumers in an already fierce EV market.
India has reportedly denied BYD’s entry into its electric vehicle market, as a government minister expressed a clear preference for Tesla. The decision underscores rising trade concerns while highlighting India’s push for foreign investment in the EV sector.
Tesla’s sales in Europe and the UK plummeted by 45% in January, reflecting the intensifying competition in the electric vehicle market. Analysts suggest that rival brands are gaining ground, posing new challenges for the once-dominant automaker.
