Electricvehiclessales were down by 43.9% inEurope’sin August 2024. The European Union’s overall new car sales fell 18.3% last month.Formajor car markets in Europe, like Germany, France, and Italy,the EVsales saw double-digit losses.According to the European Automobile Manufacturers’ Associatio...
Blame the decline of Tesla and the lack of the Chevrolet Bolt in our market and the sales data in aggregate starts to look bad. But the truth is more nuanced.
China’s EV Sales Show Signs of Slowing Down Shrilekha Pethe A+ A- Story Highlights China’s EV sales are slowing down even as EV companies are offering deep discounts to fuel demand. According to data from the China Passenger Car Association, EV sales in China are slowing down. A Reu...
In the meantime, we need to avoid reading too much into individual data points. For example, anyone pointing to Ford’s11% drop in EV salesin January, compared to the same month last year, is grasping at straws if they are trying to make a larger point about EV demand. January...
EV sales are climbing all over the world – except for the US American drivers still love their gas guzzling SUVs. by Joe Rice-Jones September 2, 2021 Image: Tesla With all of the column inches that electric vehicle makers likeTeslacommand every week, you’d think that the rate of EV ...
Mercedes-Benz recorded a 31 per cent drop in battery-electric passenger car sales in the third quarter of this year. The van division also suffered a 31 per
“EV sales are rising but not to the same extent of inventory.” The increase in EV stocks is partly due to the expansion of all-electric lineups from manufacturers worldwide, with about 30 new battery-powered cars expected to hit the market this year and roughly 50 new models next year....
Despite challenging economic and geopolitical conditions, EV sales are surpassing expectations. Early adopters in major markets have pushed total EV sales up to 20% or more. To achieve mainstream EV adoption, however, EV costs must come down, and the ecosystem of players must collaborate around si...
OEMs in China are no longer offered financial subsidies for EV production. While Beijing began reducing subsidies from 2018 and was only available to cars costing less than 300,000 RMB (USD 43,700), it is predicted that the total elimination of support this year will slow EV sales growth ...
EV sales were down 20.5% to 16,425 vehicles, affected by the phaseout of the Chevy Bolt in 2023.2The company noted that sales of the Cadillac Lyriq jumped 52% from the previous quarter, and outsold EVs from Mercedes-Benz, BMW, Audi, and Volvo. ...