Volkswagen Group Africa sets new monthly production record
In the latest of a series of milestone achievements, Volkswagen Group Africa (VWGA) has set a new record for the number of vehicles built in one month.
- Industry News
- 20 August 2026
Tesla seems to be losing its lead over other vehicle manufacturers in the rush to grow its electric vehicle (EV) market share.
According to a report released by S&P Global Mobility on Tuesday, 29 November, Tesla is losing share to competitors’ models that retail for less than $50 000 (approximately R850 000).
The loss in share comes despite Tesla Inc CEO Elon Musk’s vision of the Model 3 being a “people’s EV”. Currently the Model 3 is retailing for $50 000, while the popular Model Y crossover retails for more than $65 000 (R1.1 million).
According to the report, some of the models retailing at less than $50 000 that are raining on Tesla’s parade include the Ford Mustang Mach-E, Hyundai Ioniq 5, Chevrolet Bolt and Nissan Leaf.
But Tesla is also under fire at the high-end luxury vehicle side of the market.
“Luxury EVs from Mercedes-Benz, BMW, Audi, Polestar, Lucid and Rivian — as well as big-ticket items like the Ford F-150 Lightning, GMC Hummer and Chevrolet Silverado EV [pick-ups] — will plague Tesla at the high end of the market,” says S&P Global.
Currently, Tesla has 65% of the total EV market share in the US followed by Ford (7%), Kia (5%), Hyundai (4%), Chevrolet (4%), Audi (2%), Volkswagen (2%) and Rivian (2%).
In 2020, Tesla’s EV market share was 79% and it is expected that by 2025 it will fall by another 20%, according to the report.
In the latest of a series of milestone achievements, Volkswagen Group Africa (VWGA) has set a new record for the number of vehicles built in one month.
As South Africa celebrates Women’s Month, FAW Trucks Southern Africa is highlighting the changing role of women in the transport and logistics industry and their growing contribution across the sector.
JAC Motors South Africa has strengthened its long-standing partnership with Christian Aid Relief (CARE) by donating two trucks to support the organisation’s humanitarian work.
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I have bad reflexes. I was once run over by a car being pushed by two guys
Woody Allen
Three months after launching its off-grid, solar-powered electric vehicle (EV) charging network on the N3 corridor, Zero Carbon Charge (CHARGE) has confirmed plans to double charging capacity at both Charge hubs.
Electric vehicles (EVs) have introduced a whole new vocabulary into motoring. Instead of simply talking about litres of fuel, cylinders and kilometres per tank, motorists are now confronted with kW, kWh, AC, DC, WLTP, regenerative braking and a host of other terms.
Zero Carbon Charge (CHARGE), which is building a national network of off grid, ultra-fast EV charging stations powered by renewable energy, has welcomed the latest new energy vehicle (NEV) sales figures, saying they confirm a trend it has tracked for several years.