Electrify News’ Post

Can we discuss EV sales for a moment? There has been a lot of press around EV sales slowing and asking has the EV boom already busted. Major OEM's announced scaling back production. So, it got me thinking. There were an estimated 1.2M BEV's sold in the US in 2023, representing just under 8% of total sales. How are individual OEM's comparing against that benchmark? As you'll see in the chart below (link to the full article included) 4 OEMs significantly beat the benchmark. Hyundai's figures don't include the Kona. Even so, they sold 15K more EV's vs ford 3Q YTD. In fact, they sold the most EV's of anyone on this list. Yes, the rate of EV sales growth is slowing. Yes, the public charging infrastructure has issues (a topic for later this week). Yet, perhaps it is time to ask, is it the electric drive train customers are not selecting, or something else? Currently driving a 2024 BMW I4 https://lnkd.in/eTEitKmt

Big effort underway to push a false narrative that EV sales are down and that people don’t want them. Couldn’t be further from the truth. EV sales are UP 49.8% in Q3 from Q3 last year and up from Q2. Also, the % of cars sold that are EVs is growing and automakers who are investing in EV tech are winning. https://lnkd.in/eWhmvGAM

In 2023 alone, over 1 million EVs were sold, marking a pivotal moment in automotive history. Now is the opportune time to explore business opportunities and embrace EV technology to enhance your income. 💼💡 Looking ahead, electric vehicles are poised to dominate the global automotive market, comprising 60% of all vehicle sales.

In 2023 alone, over 1 million EVs were sold, marking a pivotal moment in automotive history. Now is the opportune time to explore business opportunities and embrace EV technology to enhance your income. 💼💡 Looking ahead, electric vehicles are poised to dominate the global automotive market, comprising 60% of all vehicle sales.

Read more: https://lnkd.in/gkD-BRkZ Mercedes-Benz reported a significant drop in global electric vehicle (EV) sales in Q2 2024. The combined sales of Mercedes-Benz and Smart all-electric cars totalled approximately 45,800 units, marking a 25% decline from the previous year. The EV share of total sales fell to 9.2%, down from almost 12% in Q2 2023.

US and worldwide EV sales are both expected to grow roughly 20% this year. That’s less than the blistering 46% expansion the US experienced in 2023 — but that level of growth can’t be sustained for long. If the global market for EVs continued at this “slowdown” pace indefinitely, virtually all cars would be electric in a decade.

US and worldwide EV sales are both expected to grow roughly 20% this year. That’s less than the blistering 46% expansion the US experienced in 2023 — but that level of growth can’t be sustained for long. If the global market for EVs continued at this “slowdown” pace indefinitely, virtually all cars would be electric in a decade.

US and worldwide EV sales are both expected to grow roughly 20% this year. That’s less than the blistering 46% expansion the US experienced in 2023 — but that level of growth can’t be sustained for long. If the global market for EVs continued at this “slowdown” pace indefinitely, virtually all cars would be electric in a decade.

US and worldwide EV sales are both expected to grow roughly 20% this year. That’s less than the blistering 46% expansion the US experienced in 2023 — but that level of growth can’t be sustained for long. If the global market for EVs continued at this “slowdown” pace indefinitely, virtually all cars would be electric in a decade.

US and worldwide EV sales are both expected to grow roughly 20% this year. That’s less than the blistering 46% expansion the US experienced in 2023 — but that level of growth can’t be sustained for long. If the global market for EVs continued at this “slowdown” pace indefinitely, virtually all cars would be electric in a decade.