There are multiple things going on at once here. First of all, the big big picture is that electric car sales have grown enormously in the past decade, far more and far faster than almost all conventional industry analysts and insiders expected. Secondly, growth right at this moment is a … [continued]
Tesla has been sending out a lot of messages to try to move vehicles in the last few weeks of the year. I’ve been getting emails and text messages from the company, and Tesla has been especially active pushing for more demand on social media. That could be looked at … [continued]
We normally just cover plugin vehicle sales here on CleanTechnica, and just full battery electric (BEV) sales for the US market. And I’ll have a new US EV sales report out soon. However, there’s no denying that hybrid vehicles are significantly more fuel efficient than gas-powered and diesel-powered vehicles, and … [continued]
It’s a miracle. The Tesla Model 3 and Model Y now cost less than the average new car in America. Let the EV revolution begin in earnest!
Many U.S. automotive dealerships are still grappling with electric vehicle prices and inventory, following market leader Tesla’s many price reductions throughout the year. As Tesla continues to offer more affordable vehicles — most recently including its cheaper Model S and Model X “Standard Range” options — some dealers are struggling … [continued]
Even as electric vehicles grow more popular, many consumers are still holding out for the sticker price to be right. However, with a handful of automakers following Tesla’s price cuts throughout this year as well as federal and state incentives, some note that EVs are quickly approaching general affordability in … [continued]
A little more than a week ago, I wrote about a price war truce (among other things) made among Chinese automakers, including Tesla. At the time, I pondered that such an agreement would seemingly be a clear violation of antitrust laws in the US and Europe. What I missed is … [continued]
Economies around the world have been bonkers the past several years, since COVID hit. That has been more evident in the auto industry more than most others, probably because cars are such expensive products and get so much attention. One thing we saw as inflation started increasing was record high … [continued]
In this article, I explain how Wright’s Law is impacting legacy auto sales in the US, Europe, and China, explaining the factors most affecting each market. Background On Wright’s Law ARK Investment Management has been promoting Wright’s Law for years. Wright’s Law is similar to the famous Moore’s Law of … [continued]
The main barrier to widespread EV adoption, from a car buyer’s standpoint, is a very simple one: they cost more to buy than legacy vehicles. On a total cost of ownership basis, owning an EV is often actually cheaper than owning a gas-burner, as numerous studies have demonstrated (Would you … [continued]
