The automotive market seems to be undergoing a shift, with many manufacturers discontinuing passenger car models, leaving the remaining few to fiercely compete for survival.
On one side, crossovers, SUVs, and trucks are rising in popularity, overshadowing most passenger cars whose prime may be behind them. On the other hand, the rise of the EV lifestyle is reshaping the industry, with some struggling to adapt to the new ethos while others find their niche.
Consider Tesla and Corvette as examples. Tesla, an American EV maker and sustainable energy company, emerged in the industry just a few years ago and was initially met with skepticism from legacy carmakers. However, the Model Y’s success, outselling other models last year, silenced critics.
Toyota claimed victory for the Corolla nameplate over Tesla’s Model Y, but bundled sales with the Corolla Cross. Meanwhile, the Corvette, known as “America’s sports car,” reinvented itself with a new mid-engine approach for its eighth generation, gaining supercar-killer credentials.
Recently, a Tesla Model 3 faced off against a Corvette Z06 at Mission Raceway Park in Canada, with the Z06 claiming victory despite the Tesla’s initial advantage. In another race, an orange C8 Corvette Stingray competed against a Tesla Model S, resulting in a decisive victory for the Corvette.