Posts by Tag: EV Sales»

Automotive

Tesla Sales Decline 9% for Start of 2024 as EV Competition Increases and Demand Slows

Tesla Sales Decline 9% for Start of 2024 as EV Competition Increases and Demand Slows

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Tesla faced a slight setback in the opening quarter of 2024 as its sales plummeted by nearly 9% compared to the same period last year. This decline comes amidst a  Full Article »

Automotive

BMW CFO: Sales Growth Attributed Mostly to EVs as Internal Combustion Engines Reached ‘Tipping Point’

BMW CFO: Sales Growth Attributed Mostly to EVs as Internal Combustion Engines Reached ‘Tipping Point’

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BMW’s Chief Financial Officer, Walter Mertl, revealed in a recent media roundtable that the company has reached a significant turning point in its sales dynamics. Mertl stated that BMW now  Full Article »

Automotive

Fisker Introducing Direct Sales Model to Increase EV Sales

Fisker Introducing Direct Sales Model to Increase EV Sales

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The electric vehicle company Fisker has announced its intention to incorporate traditional dealerships into its sales strategy, alongside its existing direct-to-customer distribution model. The California-based company, operating in the United  Full Article »

Automotive

US House Republicans Looking to Stop Biden EV Regulations

US House Republicans Looking to Stop Biden EV Regulations

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In a move reflecting the ongoing debate over the future of the automotive industry, the Republican-led House of Representatives in the United States voted on Wednesday to prevent the Biden  Full Article »

Automotive

Consumers on Pace to Buy 1.9 Million Electric Vehicles in US during 2023, 14 Million EVs Globally

Consumers on Pace to Buy 1.9 Million Electric Vehicles in US during 2023, 14 Million EVs Globally

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In the rapidly evolving landscape of the automotive industry, electric vehicles (EVs) are marking significant milestones, with a projected 14 million units set to be sold globally in 2023—a remarkable  Full Article »

Automotive

Depreciation Challenges Come To Surface in the Used Electric Vehicle Market
Dec 4, 2023 Ξ Comments Off on Depreciation Challenges Come To Surface in the Used Electric Vehicle Market

Depreciation Challenges Come To Surface in the Used Electric Vehicle Market

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The resale value of electric vehicles (EVs) is experiencing a notable decline, according to Black Book’s historical retention data and future predictions. The chief data scientist at Black Book, Alex  Full Article »

Automotive

Electric Vehicle Sales in US To Hit Record 9% of all Passenger Vehicles Sold This Year, Lags Behind China and Germany
Nov 25, 2023 Ξ Comments Off on Electric Vehicle Sales in US To Hit Record 9% of all Passenger Vehicles Sold This Year, Lags Behind China and Germany

Electric Vehicle Sales in US To Hit Record 9% of all Passenger Vehicles Sold This Year, Lags Behind China and Germany

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The electric vehicle (EV) market in the United States is poised to achieve a historic milestone this year, with projections indicating that EV sales will reach a record 9% of  Full Article »

Automotive

Hyundai and Kia See Strong Demand for EVs Despite Inflation Challenges and Rival Concerns
Nov 18, 2023 Ξ Comments Off on Hyundai and Kia See Strong Demand for EVs Despite Inflation Challenges and Rival Concerns

Hyundai and Kia See Strong Demand for EVs Despite Inflation Challenges and Rival Concerns

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Hyundai and Kia are experiencing robust demand for electric vehicles (EVs) in the United States, according to senior executives who spoke to Reuters ahead of the Los Angeles Auto Show.  Full Article »

Automotive

Waiting on Affordable Electric Vehicles Causing EV Demand to Slow in Europe, American Market Shows Decline Also
Nov 13, 2023 Ξ Comments Off on Waiting on Affordable Electric Vehicles Causing EV Demand to Slow in Europe, American Market Shows Decline Also

Waiting on Affordable Electric Vehicles Causing EV Demand to Slow in Europe, American Market Shows Decline Also

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The electric vehicle (EV) market in Europe, which experienced significant growth for years, seems to be encountering a slowdown as consumers anticipate the arrival of more affordable models in the  Full Article »

Automotive

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact
Nov 6, 2023 Ξ Comments Off on Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

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The U.S. auto industry is experiencing a slowdown in retail demand for new vehicles, primarily attributed to high interest rates and elevated prices. Despite some rebounding in inventories and incentives,  Full Article »

Automotive

Ford Supposedly Losing $36,000 On Every Electric Vehicle Sold
Nov 1, 2023 Ξ Comments Off on Ford Supposedly Losing $36,000 On Every Electric Vehicle Sold

Ford Supposedly Losing $36,000 On Every Electric Vehicle Sold

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Ford is facing challenges in the electric vehicle (EV) market, as recent reports indicate that they are losing approximately $36,000 on each EV they sell. Following a challenging third quarter,  Full Article »

Automotive

Economist: EV Market Could Be Next Big Flop
Oct 30, 2023 Ξ Comments Off on Economist: EV Market Could Be Next Big Flop

Economist: EV Market Could Be Next Big Flop

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In a recent statement, economist Steve Moore, affiliated with the Trump administration, expressed skepticism about the future of electric vehicles (EVs) in the automotive market. Moore drew parallels to a  Full Article »

Automotive

BMW Reports Nearly 80% Surge in EV Sales in Q3
Oct 10, 2023 Ξ Comments Off on BMW Reports Nearly 80% Surge in EV Sales in Q3

BMW Reports Nearly 80% Surge in EV Sales in Q3

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BMW has reported a remarkable surge in the sales of its electric vehicles (EVs) during the third quarter of 2023. According to the company’s statement released on Tuesday, the sales  Full Article »

Automotive

Toyota To Ramp Up EV Production Targeting over 600,000 Vehicles in 2025
Sep 22, 2023 Ξ Comments Off on Toyota To Ramp Up EV Production Targeting over 600,000 Vehicles in 2025

Toyota To Ramp Up EV Production Targeting over 600,000 Vehicles in 2025

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Toyota is set to accelerate its production of electric vehicles (EVs) under both its flagship Toyota and upscale Lexus brands, as reported by the Nikkei newspaper. This move reflects Toyota’s  Full Article »

Automotive

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains
Aug 10, 2023 Ξ Comments Off on Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

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The seemingly excessive number of electric vehicles (EVs) on dealership lots isn’t indicative of dwindling demand; instead, it’s a result of the EV market’s rapid growth causing temporary imbalances, as  Full Article »

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