Dethrone Tesla? One Car Maker With a Shot

One of the findings from this year's research is that there will be a large number of EVs. Between 2023 and 2026, more than 90 new battery-powered vehicles will be introduced. That is greater than the anticipated number of internal combustion engine models.

Hybrids are still on their way. Between 2023 and 2026, there will be about 50 brand-new ones. More than half of the hybrid vehicle debuts come from Japanese automakers.

The newest EVs are coming from conventional automakers General Motors (GM) and Chrysler parent Stellantis (STLA). Additionally, EVs make up the largest portion of new vehicles at Volkswagen (VOW3.Germany) and General Motors.

The ratio of new EV releases to total launches gives the impression that GM is fully committed to battery-powered technologies. The next portfolio is the reason CEO Mary Barra thinks her company can overtake EV leader Tesla (TSLA) by the middle of the decade. One of the widest product portfolios that cover the majority of vehicle sectors will be offered by GM.

Murphy also follows Tesla. Of course, Tesla only offers four different models. The reasonably priced Model S and Model X, as well as the reasonably priced Model 3 and Model Y. The Cybertruck and a new roadster are both coming from Tesla. Beyond that, the rest of Tesla's product selection isn't clear.

Of course, Tesla continues to lead the EV market internationally. Furthermore, the Model Y may be the most significant EV on the American market right now. The reason for this is that Americans adore crossover-style automobiles.

Currently, over 40% of new car sales in the United States are crossovers. A crossover, or CUV, sits between a comfortable-sized sedan and a roomier SUV. Since CUVs will make up more than half of all upcoming models between 2023 and 2026, that ratio is projected to rise. There will be somewhat more than half of the new EV launches that are also CUV-sized.

This increases Model Y's rivalry. The success of either Tesla or GM shares, or any other manufacturer for that matter, will largely depend on how that rivalry affects EV market share over the next few years.