Range of selected electric vehicle models 2023

The Tesla Model S Long Range was no longer the electric vehicle model with the largest driving range of vehicles manufactured in Model Year 2022. The Lucid Air Dream Edition Range recorded some 115 miles more range than the Model S Long Range for this Model Year. The Lucid-branded vehicles could travel up to 520 miles on a single charge.

Will range anxiety fade away?

One of the most significant consumer concerns regarding electric vehicles is their travel distance on a single charge. The driving range is the leading concern of survey respondents in Germany and the United States. Automakers must contend with consumers’ driving range expectations, with EV technology only starting to catch up: Some MY 2023 models already exceed 350 miles. The slow increase in battery-electric vehicle range is boosted by battery technology improvements as the industry starts trying to move away from lithium-ion batteries.

Tesla spark an interest in EV market

Production of Tesla vehicles has significantly increased in recent years in response to the growing worldwide demand for electric cars. As a result of increased production output, Tesla’s revenue reached around 96.8 billion U.S. dollars in 2023, more than triple the number from three years earlier. Despite this strong financial performance, Tesla lost its spot as the global leader for plug-in electric vehicle sales to its Chinese competitor BYD in 2023.