Tesla’s electric car dominance under threat by a wave of fresh EVs

March sales data reveals Tesla Australia is losing market share to new electric cars like the Kia EV5, BYD Sealion 7, and Geely EX5.Electric car sales continue to soften in Australia as demand for hybrids and plug-in hybrids skyrocket, but new EVs could buoy the market amid growing Tesla disinterest.While EV sales dropped 20.5 per cent in March this year compared to the same month in 2024, from 10,549 units to 8385, the best-selling Tesla Model Y is growing limited in stock with the vehicle in r