Recurrent’s Post

EV sales in the U.S. reached new heights in the second quarter of 2024, with 320,463 units sold—a notable 23% increase from the previous quarter and an 11% rise compared to the same period last year. https://bit.ly/3AAsH1t

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.

EV Sales Slow As Buyers Want 20-Min Charging And 350-Mile Range

EV sales tipped to hit new high: Analysts predict nearly 12 million zero-emissions vehicles will be sold worldwide in 2024. #stocklytics #data #evs #electric #vehicles #emissions #sales #global #growth #costs #china #carnews

Another remarkable Fact of the Week for your Friday: In each individual month over the past three years, #EV sales increased significantly from the same month the year before. And each year's highest single-month sales increased, with 50,000 in 2021, 80,000 in 2022, and over 100,000 in 2023. If we go all the way back to pre-pandemic 2019 and look at how the market has performed since then, pure battery EV sales are up 385%, while gas vehicle sales are down 14%. Despite the pandemic, supply chain woes, production misses, and 2/3 of consumers having little to no EV experience, the EV market keeps zipping along. I'm excited to see what happens as production ramps, consumer awareness grows, tax credit confusion wanes, and federally-supported infrastructure gets deployed. Lots of work to do! Thank you to the U.S. Department of Energy (DOE) for the fact of the week and to CleanTechnica for the 2019-2023 sales analysis, details of which can be found here (https://lnkd.in/dysNYWqU), and Consumer Reports for their latest consumer survey found here (https://lnkd.in/d_4q5Vvv) #electricvehicles #evs #cars #transportation #climateaction #cleanenergygeneration

A handful of tidbits from this article: ● H1 2024 EV sales +7% vs H1 2023, for a total of 599K units. ● EV's held 7.6% share in H1 2024. More or less same share as last year. ● Gas-Electric hybrids jump +35.3% in H1 2024 vs H1 2023 to a total of 716K units. ● Plug-in Hybrids +24% in H1 2024 vs H1 2023 to 159K units. https://lnkd.in/gvd37EZS

EV Sales Trend: Two-wheeler OEMs are on track to reach a significant milestone, aiming to surpass a million units for the first time in 2024. With seven-month retails already hitting 634,770 units, representing 74% of 2023's record sales, the industry is showing strong growth potential. Stay informed with the latest insights: [Link to the article] #EV #SalesTrend #AutomotiveIndustry #ElectricVehicles

This is an interesting read and helpful for framing the conversation around EV sales! https://lnkd.in/g7idCstz

Quick level set given the mood... per NADA, battery #electricvehicles sales year-to-date topped 1 million units during November for the first time ever. An increase of 50.7% year over year.  That's compared to overall LDV sales growth of 12% year over year. Not bad. #EVs #emobility https://lnkd.in/eVsxcHik

In 2024 there has been much speculation on EV sales Globally with some commentary suggesting EV sales have peaked or are slowing... The data says otherwise! There is a cyclical rhythm to Global EV sales, if you would like to understand the Automotive market better. We can help!