It’s now official, that Tesla is now the most valuable car manufacturer in the world. It now has a valuation of over $208 billion. This has now surpassed the likes of Toyota, and competitors like Fiat Chrysler ($20 billion), Ford ($24 billion), Ferrari ($32 billion), General Motors ($36 billion), BMW ($41 billion), Honda ($46 billion) and Volkswagen ($74 billion). This just gives you a scale of the immense size of the high-tech electric vehicle company.
What’s helped Tesla no-end and others in the electric vehicle (EV) industry are the past pandemic concerns, climate change focus made by the major industrial countries and businesses, and the banning of fossil fuel cars throughout the world within two decades.
These factors alone have influenced the increase in EV manufacturing.
What’s also had a significant impact on the increase in worldwide sales is the grants given to new EV buyers to assist customers with the new transition in the motor industry.
Why Tesla?
Tesla’s Model 3 is the biggest winner for Tesla in general. The Model 3 is the best-selling EV in the US and the best-selling EV in the UK. One key reason could be, who has Tesla has targetted a forgotten demographic which is known in the UK as the long-lost “Mondeo Man”. This forgotten demographic which had once been the main focus by car manufacturers to engage with, the mid-level executive, always on the road travelling for his or her job. Averaging an annual distance of around 12-20,000 miles, thus making fossil fuel costs a very significant yearly investment.
Now, what happens next is most of these types of drivers eventually change up to luxury vehicles like BMW, Mercedes, and Audi. What’s also becoming very popular now are SUVs. What was once an easy switch over to upgrade to such luxury cars is now almost a liability, especially when you look at the current economic climate.
One chosen option more and more drivers are going for is the Tesla Model 3, because not only is it a great EV but it’s smaller than an SUV, very efficient for running costs, and an instant money saver when it comes to recharging as opposed to filling up at the fuel station. The Tesla Model 3 also boasts an impressive 322-mile range and has all-wheel drive (AWD). But the absolute stand out for this electric car is its performance, as quoted in Forbes, “would humiliate even hardcore BMW fan.”
Another key factor that has made Tesla unbeatable is adopting the online purchasing concept, by doing away with dealerships and going direct to the consumer. This gives the customer to choice of the car, colour, interior setup, and additional features and add-on extras. Once everything is finalised, the car is then delivered anywhere in the UK. The timing couldn’t have been any better, during the Covid pandemic when most establishments were closed during the lockdowns and quarantines around the globe.
In a nutshell, the Tesla Model 3 is the key factor in the recent boom in EV sales due to the reasons above. This car is the modern-day groundbreaking electric car, which in many experts’ minds, can only get better and better. It seems like the Model 3 happens to be the right car to appear on the market at the right time for buyers who are looking for the best alternative to a petrol or diesel-operated car. This electric car can go further, and faster, and is by far less expensive to run.
Seriously looking to dip your toe in?
The cheapest and best way to get into the EV market is to buy either a used electric car or a used hybrid car. At WOO Carz, based in Southampton, we offer a fully online service through our website or over the phone. As a well-established family-run used car dealership business, we can provide you with a vast range of quality used cars, including quality, used hybrid cars, and used electric cars.
WOO Carz offers all our customers a part exchange facility that can help you lower your monthly cost or help pay your deposit. (deposit is not mandatory) Even if you already have outstanding car finance on your old car, we can still provide you with options so you can get it settled and start again with a newer used electric, used hybrid, or used car.
So if you’re looking to buy a used Tesla Model 3, give us a call at 02380 225 666 and speak with one of our friendly advisors, or if you would like to apply for instant online finance, just click here and we will contact you back shortly to try and help you drive away in your dream car.