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The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

Sales of battery electric vehicles (BEV) breached the 1,000 units per year mark in South Africa for the first time ever in 2024. Last year, 1,257 BEVs were sold in South Africa, up 35% from 929 units sold in 2023.


Concord Pacific Development has unveiled what it calls the world’s largest EV charging parkade in Burnaby, British Columbia, which provides capacity to charge nearly 2,000 vehicles simultaneously. “Parkade” is

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