EVs made up 10% of all new cars sold last year
1 year, 11 months ago

EVs made up 10% of all new cars sold last year

Live Mint  

BERLIN : Electric-vehicle sales crossed a global milestone last year, achieving around 10% market share for the first time, driven mainly by strong growth in China and Europe, according to fresh data and estimates. In Germany, the largest auto market in Europe, electric vehicles accounted for 25% of new vehicle production last year, according to VDA, the German automotive manufacturers association. VW, Europe’s biggest manufacturer by sales, said on Thursday that overall new-car sales fell 7% to 8.3 million vehicles last year, but sales of electric vehicles rose 26% to 572,100 units. In China, which accounted for around two-thirds of global sales of fully electric cars last year, domestic manufacturers are gaining ground on traditional Western auto makers and are also beginning to expand into Europe and the U.S. Worldwide, Tesla maintained the top spot in a global ranking of manufacturers by sales of all-electric vehicles, followed by Chinese manufacturers BYD Co. and SAIC Motor Corp., and brands belonging to the VW group, according to a study published by Stefan Bratzel, director of the Center of Automotive Management, an automotive-research group in Germany.

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History of this topic

The case for subsidizing electric vehicles
4 days ago

The case for subsidizing electric vehicles

Live Mint  

Honda and Nissan recently announced plans to merge by 2026. Although a combination of private-sector innovation and support from Congress has driven the EV sector’s growth in the U.S., lawmakers are floating the possibility of ending consumer and manufacturing tax incentives for manufacturers and parts suppliers. Tate Reeves called the battery plant under construction in his state a “project of …

'Lost year': Electric car sales go into reverse in Germany
5 days, 10 hours ago

'Lost year': Electric car sales go into reverse in Germany

New Indian Express  

BERLIN: Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4 percent fewer than in the previous year, the KBA federal transport authority said. The slump in …

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing
6 days, 23 hours ago

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

Wired  

Just a few days into 2025, electric vehicles are already having a roller coaster ride of a year. Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024. The way we’re seeing …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
1 week ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
1 week, 1 day ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
1 week, 1 day ago

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Associated Press  

DETROIT — Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. “And the first part of this grand strategic vision has taken shape.” The fourth-quarter sales, while a record for Tesla, show …

Electric cars took 89% of Norway market in 2024
1 week, 1 day ago

Electric cars took 89% of Norway market in 2024

Raw Story  

Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead …

Tesla’s annual sales fall for first time in company history
1 week, 2 days ago

Tesla’s annual sales fall for first time in company history

LA Times  

Tesla sales declined for the first time in the company’s history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Given the company’s commanding lead in electric vehicle market share, slow or no growth at Tesla adds another challenge to California Gov. Tesla, once a …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
1 week, 2 days ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

Tesla posts its first-ever annual sales drop
1 week, 2 days ago

Tesla posts its first-ever annual sales drop

CNN  

New York CNN — Tesla reported the first full-year drop in sales in its history as a public company Thursday, as increased competition and slowing demand for electric vehicles hit its results. Tesla’s full-year sales of 1.8 million vehicles nonetheless edged out BYD’s annual EV total by 24,000, to retain the title of world’s largest EV maker. Tesla at one …

US, EU can ride the tide of China's EV success
2 weeks, 1 day ago

US, EU can ride the tide of China's EV success

China Daily  

JIN DING/CHINA DAILY The rise of Chinese-made electric vehicles in the global market has drawn both admiration and criticism. China's leadership in promoting sustainable development through EVs has contributed significantly to international efforts to address climate change. At a time when climate change and geopolitical tensions are creating divisions in the international community, the Chinese EV industry presents a unique …

EV sales remain strong globally: AP
2 weeks, 1 day ago

EV sales remain strong globally: AP

China Daily  

Xinhua | Updated: 2024-12-27 15:51 Members of the public inspect Leapmotor's T03 on display at the 2024 Paris Motor Show on Oct 14. NEW YORK -- Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds, reported The Associated Press on Thursday. "In a …

Five facts about electric vehicles in 2024
2 weeks, 1 day ago

Five facts about electric vehicles in 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicles had another whirlwind …

China accounted for 80% of global EV sales growth in 2024 : IEA report
2 weeks, 3 days ago

China accounted for 80% of global EV sales growth in 2024 : IEA report

Live Mint  

New Delhi, December 25 : China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency. The report also noted that the share of electric …

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs
2 weeks, 5 days ago

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Live Mint  

-- Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in November, down from 8.2% in October, according to automotive researcher …

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
3 weeks, 1 day ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

EU automakers offer deals to boost EV sales
Trending News
3 weeks, 3 days ago

EU automakers offer deals to boost EV sales

China Daily  

By EARLE GALE in London | chinadaily.com.cn | Updated: 2024-12-18 02:32 Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that …

EU automakers offer deals to boost EV sales
Trending News
3 weeks, 3 days ago

EU automakers offer deals to boost EV sales

China Daily  

Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that at least 20 percent of cars sold by Europe's automakers are …

Electric cars no longer cheaper to run, drivers switching off
3 weeks, 3 days ago

Electric cars no longer cheaper to run, drivers switching off

Dutch News  

Electric cars are no longer cheaper to run than petrol or diesel-fuelled vehicles after the government wound down subsidies and tax breaks designed to encourage drivers to switch. The latest assessment by motoring organisation ANWB finds that electric cars cost almost 76 cents a kilometre to run, taking in the cost of fuel, maintenance, wear on tyres and depreciation. Electric …

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
3 weeks, 4 days ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

Number of petrol cars on the road has PEAKED this year - a 'seismic shift' to EVs is coming, experts say
1 month ago

Number of petrol cars on the road has PEAKED this year - a 'seismic shift' to EVs is coming, experts say

Daily Mail  

A 'genuine landmark' has been achieved this year with 18.7million petrol cars on the road. Auto Trader's latest motoring forecast is for volumes of cars running on unleaded will steadily decrease from 2025 onwards, tumbling to just 11.1million units by 2034 - a decline of 40 per cent. Petrol cars on the road have PEAKED: Auto Trader says numbers will …

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting
Trending News
1 month ago

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Daily Mail  

Electric vehicles accounted for more than a quarter of all new cars bought in the UK last month but demand is being propped up by 'unsustainable' manufacturer discounts, the trade body has warned. New car sales in the UK declined by 1.9 per cent in November, with 153,610 motors joining the road, latest figures from the Society of Manufacturers and …

Nation poised to hold more than half of global EV fleet by 2025
1 month, 1 week ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

Electric car sales are slowing in the US and Europe as both fans and skeptics share concerns
1 month, 2 weeks ago

Electric car sales are slowing in the US and Europe as both fans and skeptics share concerns

Associated Press  

DETROIT — While sales of electric vehicles surge in China, adoption of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations. “Sometimes we found that the charging stations don’t always work, they’re broken down, so that gives you a little bit of anxiety …

Used electric cars save owners over £1,000 a year compared with petrol models, study finds
1 month, 3 weeks ago

Used electric cars save owners over £1,000 a year compared with petrol models, study finds

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

'Irreversible trend' will spur global EV sales
Trending News
1 month, 3 weeks ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

'Irreversible trend' will spur global EV sales
Trending News
1 month, 3 weeks ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

The withering dream of a cheap American electric car
1 month, 3 weeks ago

The withering dream of a cheap American electric car

Live Mint  

The dream of a $25,000 electric vehicle for U.S. drivers is in trouble. Musk isn’t alone in taking a sour view of making a cheap EV for the U.S. “That market sucks,” Peter Rawlinson, chief executive of Lucid Motors, told me and my colleague Christopher Mims for our new podcast, called “Bold Names.” Lucid which has begun taking orders for …

Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets
1 month, 4 weeks ago

Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets

Daily Mail  

Car makers are offering record discounts on new electric vehicles in a desperate bid to invigorate demand as binding end-of-year sales targets looming, data suggests. New data from Auto Trader suggests some car makers falling short of EV sales targets are slashing prices by amounts similar to fines they'll face it they don't meet the required quota The biggest discount …

Best used electric cars 2024: Top 10 second-hand EVs to buy
2 months ago

Best used electric cars 2024: Top 10 second-hand EVs to buy

The Independent  

Now is the perfect time to buy a secondhand EV – and with sales of used electric cars growing faster than new EV sales right now, it’s easy to see why. Tesla Model 3: From £12,000, Tesla.com Best: For tech and charging open image in gallery Tesla Model 3 Independent rating: 8/10 Pros: Quick, great tech, strong range, Supercharger network …

Sales of used electric cars reach record high
Trending News
2 months ago

Sales of used electric cars reach record high

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Giving consumers the confidence to switch from their familiar petrol or diesel vehicles requires confidence and incentives …

‘Middle-aged’ electric cars ‘flying off forecourts’
Trending News
2 months ago

‘Middle-aged’ electric cars ‘flying off forecourts’

The Telegraph  

Second-hand car sales are climbing as cash-strapped consumers shun the new vehicle market. However, EVs still made up only 2.7pc of the market, with more traditional petrol and diesel cars still accounting for 91.7pc combined. The top five used cars sold were the Ford Fiesta, the Vauxhall Corsa, the Volkswagen Golf, the Ford Focus and the Mini. The continued rise …

Sales of new cars slump as drivers shun electric and diesel vehicles
Trending News
2 months ago

Sales of new cars slump as drivers shun electric and diesel vehicles

Daily Mail  

Sales of new cars fell by 6 per cent last month. Industry body the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. SMMT chief executive Mike Hawes said: ‘Massive manufacturer investment in model choice and market support …

New car market fell 6% last month
2 months ago

New car market fell 6% last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “EVs already work for many people and businesses, but …

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming
Trending News
2 months ago

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming

Daily Mail  

New car sales fell by 6 per cent in October, marking only the second time registrations have gone into reverse this year. UK new car sales fell by six per cent in October, the second time the new car market has shrunk this year In October, businesses, fleet and private buyers registered 144,288 new passenger cars, the latest figures from …

How electric car sales have slumped around the world
2 months, 1 week ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Tesla suffers first drop in UK sales since 2013
2 months, 4 weeks ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline
3 months ago

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy European Union countries on Friday …

Best new electric cars: 17 EVs to look forward to in 2025 and beyond
3 months, 1 week ago

Best new electric cars: 17 EVs to look forward to in 2025 and beyond

The Independent  

There are already over 100 models of electric car available to buy in the UK, and that number is going up all the time. Alfa Romeo Junior open image in gallery The Alfa Romeo Junior is an all-electric family hatchback to cost from around £33,000 Expected price: From £33,895 From £33,895 Launch date: Second half of 2024 Alfa’s first electric …

Chinese carmakers sell fewest EVs in Europe since February 2023
3 months, 1 week ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

EU demand for electric cars continues to fall as sales collapse in France and Germany
3 months, 3 weeks ago

EU demand for electric cars continues to fall as sales collapse in France and Germany

Daily Mail  

Demand for electric cars across Europe is 'on a continual downward trajectory' after a 'spectacular' collapse in sales in Germany and France. In the latest sign that the brakes have been slammed on the electric vehicle revolution, figures showed just 92,627 battery-only powered cars were registered in the European Union last month. Running flat: In the latest sign the EV …

Germany suffers ‘spectacular’ 70pc drop in electric car sales
3 months, 3 weeks ago

Germany suffers ‘spectacular’ 70pc drop in electric car sales

The Telegraph  

Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net zero vehicle targets. ACEA said “the spectacular drop” in both countries meant that only 92,627 battery electric vehicles were registered across Europe last month, a fall of 43.9pc compared to a year earlier. Mike Hawes, head of the SMMT, …

The wheels have come off Britain’s car industry – here’s how to get it back on the road
4 months ago

The wheels have come off Britain’s car industry – here’s how to get it back on the road

The Independent  

Ask anyone involved in the British motor industry or the car trade what their biggest challenges have been over the past few years and for most, three words will immediately come to mind: Brexit. As Nowak points out, the “reset” could “ease pressures on supply chains, which is really important in sectors like automotive and aerospace … Because nobody builds …

Glory days for automakers like Ford, General Motors in China are over
4 months, 1 week ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung
4 months, 1 week ago

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung

Live Mint  

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start until 2027. The project is GM’s fourth joint …

GM delays Indiana electric vehicle battery factory but finalizes joint venture deal with Samsung
4 months, 1 week ago

GM delays Indiana electric vehicle battery factory but finalizes joint venture deal with Samsung

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Ford to shift EV strategy to hybrid vehicles
4 months, 2 weeks ago

Ford to shift EV strategy to hybrid vehicles

China Daily  

When it comes to selling electric vehicles, US automakers face not only consumer reluctance but rising competition from China in the international market. Ford Chief Executive Officer Jim Farley said that China's EV companies have the advantage of a lower-cost supply chain and that Ford needs to find ways to lower its own costs to compete. In China, retail sales …

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van
4 months, 2 weeks ago

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van

Associated Press  

DETROIT — Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t build fully electric three-row SUVs due to high battery costs, but instead will focus on making those vehicles as gas-electric …

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van
4 months, 3 weeks ago

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van

LA Times  

Ford, which has long been talking about making profitable EVs, lost $2.46 billion on them in the first half of the year. Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t …

EV depreciation hits leasing biz in Europe
4 months, 3 weeks ago

EV depreciation hits leasing biz in Europe

China Daily  

Rental cars at an automobile rental depot of Europcar Mobility Group in Hamburg, Germany, in 2021. Bart Beckers, deputy CEO at Arval, the leasing company owned by French bank BNP Paribas, said losses from low EV resale values were currently limited in number, given EVs are only a small portion of their overall portfolio. Tim Albertsen, CEO of Ayvens, one …

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