Based on current trends and previous data, Tesla Model Y will be the most-sold EV in 2024. Some popular electric vehicle models that have seen significant sales in 2024 include theTeslaModel Y, Hyundai Kona Electric, and BMW i4. The market dynamics can change, and new models may emerge as...
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 ...
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 global electric vehicle market took a hit in the first quarter of 2024, and this was also evident in manufacturers’ Q1 sales numbers. Q1 2024 US EV sales were still up year-over-year, but only by 2.6%, while the EV share out of the total number of vehicles sold dropped 7.3% co...
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Leading forecasters agree that sales and market share will continue to grow in 2024. But they disagree on the rate of growth, and give different weights to some of the main factors that affect the market, from gasoline prices to the availability of low-cost models. ...
US EV demand and sales plateauing due to affordability concerns, lack of infrastructure and a short-term shift towards hybrids The US and Europe are expected to see slowing electric vehicle (EV) demand and sales in the near-term while China is set to experience steady growth, accordin...
GM BEV sales in Q2'2024 (YOY change): BrightDrop: 490 (up 64%) Cadillac (Lyriq): 7,294 (up 441%) and 19% share Chevrolet EVs: 11,217 (down 20%) and 2.5% share Chevrolet Blazer EV: 6,634 (new) Chevrolet Bolt EV/Bolt EUV: 1,374 (down 90%) ...
Swiss bank UBS has cut its forecast for global EV market share to 47% in 2030 from 54%. The bank’s analysts expect sales growth in Europe and the US to slow to 10-15% in 2024 from 25-50% in 2023, citing high consumer uncertainty, shrinking subsidies in some countries, higher discou...
In theory, the US should have reached the takeoff point for EVs. Analysis shows that EVs tend to accelerate somewhere around 5% to 8% of sales, after which the steep part of the consumer adoption ‘S-curve’ hits and everything changes. But there are problems with assuming this will happe...