Car expert reveals which next-gen EVs are giving Tesla a run for its money in 2025: 'Competing automakers have caught up'
At the beginning of the year, InsideEVs' Andrei Nedelea broke down the best Tesla alternatives for consumers who are intrigued by the benefits of driving an EV. According to Nedelea, a competitive EV market may also pique the interest of drivers who already own a Tesla.
"Although [Tesla's] EVs are still among the best, competing automakers have caught up and have even surpassed Tesla in some areas," Nedelea wrote. "Buying the best EV isn't as simple as just loading up the Tesla site and ordering one anymore."
For drivers interested in a Model 3, Nedelea recommended considering the BMW i4, which features a range of up to 307 miles on a single battery charge. One downside, however, is that the BMW i4 is heavier than the Model 3, so its navigation on winding roads isn't as smooth. The aerodynamic Hyundai Ioniq 6 and the upgraded Polestar 2 are other options to look into.
For Model Y enthusiasts, Nedelea suggested considering the Hyundai Ioniq 5, Kia EV6, Ford Mustang Mach-E, Chevrolet Equinox EV, and Polestar 4.
Those interested in a Model S may appreciate the BMW i5, Audi A6 e-tron, and Lucid Air. Nedelea also listed pricier models such as the Porsche Taycan.
Meanwhile, automakers such as Rivian, Polestar, BMW, Kia, and Ford offer alternatives for consumers interested in a Model X or a Cybertruck. Nedelea provided a more detailed breakdown of the pros and cons, but regardless of the EV brand, there are undeniable perks to saying goodbye to a gas-powered vehicle, including reduced maintenance and energy costs.
Installing solar panels can further maximize these savings because charging with them at home is cheaper than using public stations or the grid. EnergySage can help homeowners compare quotes from trusted installers and save up to $10,000 on installation costs.
There's an important caveat, though. The One Big Beautiful Bill Act, passed on July 4, is eliminating many green tax credits by the end of 2025, including the 30% savings on solar panels. Acting now could save you major money on solar in the long run.
Yet while tax incentives for green home improvements are on the way out, the Home Electrification and Appliance Rebates program has remained intact.
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For instance, you'll still have access to up to $840 off the cost of an induction range. These next-gen stovetops are gaining buzz among home cooks and professional chefs due to their faster cooking times, energy efficiency, safety features, and affordability — particularly when compared with gas stoves.
If installing a full induction range isn't for you, you can still gain access to one with a plug-in induction burner, which is more along the lines of a hot plate. Some models start as low as $50.
Regardless of how you choose to go green, ditching technologies that rely heavily on gas will contribute to healthier air quality and a cleaner future for all.
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Company Contact: Dr. Yaacov (Kobi) Kagan, Executive VP - CFOTel: + Daniella Finn, VP, Investor Relations Tel: + Dalia Bodinger, VP, Communications & Brand Tel: +972-77-2947602 This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States, among others, including the duration and scope of the current war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. 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