New Corvette Stingray roars into South Africa
South Africa’s performance-car landscape is embracing a rare and welcome resurgence of pure V8 emotion, driven by the arrival of the 2025 Corvette Stingray.
- Product News
- 5 December 2025
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.
South Africa’s performance-car landscape is embracing a rare and welcome resurgence of pure V8 emotion, driven by the arrival of the 2025 Corvette Stingray.
As families prepare for the upcoming holiday travel season, ensuring vehicle safety is more important than ever.
The Chinese onslaught on the hearts and minds of South African customers continues with Dongfeng, which is making its presence felt with an array of fully electric vehicles (EVs) now available locally and more to come next year.
Advertisement
Advertisement
If you are not taking care of your customer, your competitor will.
Bob Hooey
Volkswagen Group Africa (VWGA) has completed the second phase of its solar photovoltaic (PV) carport project in the employee car park and service centre at the Kariega manufacturing plant, further demonstrating its focus on renewable energy and sustainable manufacturing.
Mahindra has taken a bold step in India’s fast-evolving electric vehicle (EV) market by unveiling its latest innovation: the XEV 9S, a seven-seater electric SUV.
Uber announced the next phase of its low-cost mobility journey with the expansion of its Uber Moto product to include Uber Go Electric in South Africa.