Alliance for Automotive Innovation’s Post

U.S. #EV MARKET DATA ✅#EVs = 9.3% of new light-duty vehicle sales in Q1 2024… ⬆️from 8.6% in Q1 2023 and 5.9% in Q1 2022. 👀EV sales and public charging data for ALL 50 states → https://bit.ly/3W1Fa6A #GetConnected #ElectricVehicles

Global sales of internal-combustion-engine vehicles have fallen each year since 2017 thanks to electric cars taking up a growing share. The result: The world has hit “peak” gas-powered vehicle sales. Since that peak in 2017, gas-powered vehicle sales have dropped 23%. At the same time, EV sales have steadily risen.

Monthly Sales of New Light-Duty EVs in the United States Increased Every Month Compared to Same Month of the Previous Year from 2021 to 2023 A comparison of monthly EV sales data for the last three calendar years shows that for each individual month, EV sales increased significantly from the year before. The highest sales for a single month in 2021 was about 50,000 vehicles, for 2022 was about 80,000 vehicles, and in 2023 was over 100,000. Sales are often lowest in January following a rise that usually takes place in December. #evcharging #evcars #evfleets #evfleet #evcharginginfrastructure

BloombergNEF shared their forecast on EV sales around the world in 2024: • EV share of global vehicle sales at 20% (up from 17% in 2023) • EV sales in Rest of World category to grow, hitting 840,000 • Commercial EV sales to double to 1 million in 2024

It’s interesting that while the media continues to report that Tesla’s EV market share has dropped (65% to 55%), they fail to mention that Tesla’s share of the TOTAL U.S. auto market actually increased to an all-time high of 4.2%. The Model Y was the best selling vehicle of any kind globally last year, and made up 33% of the US EV market by itself. So what’s going on with the other automakers? Well, the answer you get depends on who you’re asking. I’ve heard so many things… “it’s a supply chain issue”, “there’s no demand”, “EVs can’t be made at affordable prices”, etc. And maybe there is a little bit of truth to those reasons. But, my suspicion is that reality is a lot more complex and, we probably won’t ever know the full scope of the situation.

Probably the most important trend in the automotive industry is the worldwide shift to electric vehicles (EVs). The IEA estimates that global EV sales exceeded 3 million units in 2020. That’s over 4% of global vehicle sales. In 2023, that figure was estimated to be 14 million.

Click on the: 'United States'/'Total'/'Absolute EV Sales'/'12mo.avg'/'Last 6yrs.' tabs, to see that the 100% BEV trend as we know it (need of external charging) has plateaued and will be supplanted with 100% BEV's w. on-board charging.

Record-breaking: U.S. electric vehicle sales exceed one million in 2023 +Overall drastic increases in cost of financing for consumers has slowed electric vehicle (#ev) sales growth. +Sustainable industrial #demand from this source of #occupier is susceptible to #consumer adoption, which has slowed drastically due to rising financing costs, something to closely monitor in 2024. +Additional EV #manufacturing lines represent $106 billion, all of which is driving newfound #industrial space demand. https://lnkd.in/gJKAVvuG

As we say at Ford, be curious! Yes, EV sales are sluggish, even so, the International Energy Agency (IEA) which is an independent agency that never over-predicts is forecasting EVs will make up 20% of global car sales this year, 2024.. Of 80 million cars produced worldwide, 17 million will be EV production and 10 of 17 million will be made in China. Did you know, that China not Tesla leads the way in EV production and purchases? Go Positively Speaking Up, Go Standing on the Shoulders of Giants, Go Always Deliver, Go Outpace the Competition, Go, Ford, Go Engineering, Go EV Revolution, Go Customer Experience, Go Design and Software Teams, Go UAW, Go Strategy Team, Go Detroit, Go Auto, Go All Industries! #innovationliveshere #aheadofthecurve #diversityandinclusion #careabouteachother #opportunities #strategy #manufacturing #EVs #Blueovalcity #professionalism #deliver #innovationneversleeps #changingthegame #relentleespursuitofperfection #newageautomotivehistory

A significant milestone has been reached in the electric vehicle revolution - 24 regions worldwide have now exceeded 10% EV market penetration in the first half of 2024. This rapid growth is a testament to the increasing consumer preference for sustainable transportation. The UK, as one of the top 3 countries leading this charge, is paving the way for a greener future. As EV sales continue to rise, it's crucial to invest in robust charging infrastructure to meet the growing demand. Are you ready to make the switch to electric? Let us help you with a seamless EV charger installation. Contact us today to schedule a consultation. Thanks to The EV Universe for collating the numbers and keeping everyone up to date on the latest EV news worldwide: https://lnkd.in/e5Z2uP5T #EV #EVCharging #ElectricVehicle #ElectricVehicles #Charging #EVChargerInstallers #EVChargingInstallation #ElectricVehiclesAreTheFuture #FutureProof #EVMovement #FutureIsElectric #GreenBusiness #FutureReady