Fully Electric Vehicles Reached ~6% Of Auto Sales In USA In 3rd Quarter
6% of US auto sales is up from EVs’ 2.2% of US auto sales in Q3 2020.
6% of US auto sales is up from EVs’ 2.2% of US auto sales in Q3 2020.
US auto sales were up 1% in the 3rd quarter of 2022 compared to the 3rd quarter of 2021, but they were down 13% compared to the 3rd quarter of 2020 and down 21% compared to the 3rd quarter of 2019, which we use as a bit of a control … [continued]
The Inflation Reduction Act is having an impact on vehicle manufacturing in the United States. It is barely 2 months old and already there are news reports galore of new battery factories being built in America, new lithium mining agreements, and new factories being built in the US. Economists call … [continued]
The Dutch auto market is seeing the light at the end of the tunnel after several months in the red. August was a growth month, and September confirmed the trend, growing 5% year over year (YoY). The Dutch plugin vehicle (PEV) market has continued to grow as well, if only … [continued]
Germany, Europe’s largest auto market, saw plugin electric vehicles take 32.2% share in September, up from 28.7% year on year. Full electrics grew more than plugin hybrids. Overall auto volume was 224,864 units, up 14% from last year, and down some 8% from September 2019’s result. The Tesla Model Y … [continued]
Plugin electric vehicles took 22.4% share of the UK auto market in September, up from 21.6% year-on-year. Full electrics grew share, while plugin hybrids declined. Overall auto volumes were 225,269 units, up 4.6% from a year ago, but down 34.4% from September 2019. The Tesla Model Y was the best … [continued]
Sweden’s plugin electric vehicle share recovered in September, gaining 55.2% of the auto market, from 53.9% a year ago. Full electrics saw 35.3% share, their 2nd highest ever from last December. Plugin hybrids fell slightly year on year. Overall auto volumes were down 3% YoY, and some 21% down from … [continued]
And 15% of new vehicles sold across the world have a plug.
For the first time since June 2021, the overall European car market grew YoY. It was only by 3%, but it signals that the worst of the production constraints might be over. Although, with an energy-derived recession looming on the horizon, this uptick might not last for long…. Looking at … [continued]
There are a number of reasons for battery constraints, including limited access to key materials, low manufacturing yields and an increasing demand for batteries from multiple industries. And, this won’t ease up any time soon. As the world continues moving toward electric vehicles, the demand for batteries is going to … [continued]