In 2024, Tesla saw its U.S. sales drop by over 37,000 units compared to the previous year,Coxestimated. However, the company still holds the lion’s share of the EV market with an estimated 633,000 units sold in 2024. The lion’s share of Tesla’s sales are accounted for by the ...
Recent announcements from multiple electric vehicle manufacturers indicate slowed demand, but S&P Global projections for US EV growth in 2024 remain optimistic. This year alone, Tesla announced a drop in sales; Ford pushed back its rollout of new EVs by two years and cut production; General ...
The drop in demand for EVs in the US comes after international automakers bet big and invested billions of dollars over the past few years in EV fleets. In 2023, EV sales grew nearly 50 percent, according to data from Motor ...
Hyundai Motor Group’s electric vehicle (EV) sales in the United States increased by 60.8% in the first half (H1)of 2024 compared to the same period a year ago. A recently released report by the Korea Automobile & Mobility Association (KAMA) revealed that Hyundai Motor Group sold approximate...
In China, meanwhile, the market is now in a period of linear growth as EVs achieved a 36% market share in 2023 and are expected to make up over half of all car sales by 2025. BYD has continued to drive down the price of EVs to the point that in many segments they are now the ...
Harmony Smart Mobility (Hongmeng Zhixing) delivered 444,956 vehicles in 2024, securing the second place. Leapmotor followed closely with nearly 300,000 units in 2024. NIO delivered over 30,000 units in December, the first time in a single month, bringing its total annual sales to 220,000. ...
The data also showed that Chinese brands accounted for 60.98 percent of Israel's electric car sales in 2023, with 29,402 units sold, more than double the number of 13,294 in 2022. In the category of gasoline-powered vehicles, Chery Automobile, a Chinese automaker that entered the Israeli ...
As a rising star among new energy vehicle (NEV) manufacturers, Xiaomi Motors successfully met its annual sales target in 2024. On November 18, Xiaomi SU7 model surpassed its annual goal of 100,000 deliveries ahead of schedule. Following this milestone, Lei Jun, Xiaomi's CEO, announced on so...
Tesla has just announced a bad news for its investors. The American EV major has said that its electric vehicle sales growth is expected to be significantly slower in 2024 as compared to 2023. The Elon Musk led company has cited many reasons including Increased competition in the EV market, ...
Li Auto, Harmony Smart Mobility (Hongmeng Zhixing) delivered 444,956 vehicles in 2024, securing the second place. Leapmotor followed closely with nearly 300,000 units in 2024. NIO delivered over 30,000 units in December, the first time in a single month, bringing its total annual sales to ...