Manheim’s Post

What Falling Sales? Global EV Sales Grow 19% in March!... In the end, plugins represented 19% share of the overall auto market (13% BEV share alone). This means that the global automotive market remains in the Electric Disruption Zone.

Electric vehicles are need of time! #electricandhybridvehicles #electricaldesign #germany #uk #environnement #hydrogen #efficiency #economy #entrepreneurship #entrepreneur #entrepreneurlife #jobs #jobapportunity #job2023 #concrete #concreteconstruction #openforjob #openforwork #letsconnectmore #scholarshipopportunities #educación #mastersdegree #bachelorsdegree #phdpositions

For anyone who doubts the momentum towards electric vehicles check out this World Economic Forum short report which identifies 5% penetration of EVs as the tipping point beyond which sales take off exponentially. #evchargers #electriccar #electrification #decarbonisation

Today September 9 is World EV Day to raise awareness about the benefits of electric vehicles (EVs) and to promote their adoption by the World Electric Vehicle Association (WEVA). The theme for World EV Day 2023 is "Driving Change, Together".  This theme reflects the growing momentum of the EV movement and the need for collaboration between all stakeholders to accelerate the transition to a cleaner, more sustainable future. #EVs offer a number of advantages over traditional gasoline-powered vehicles, including: #Zero #emissions help to improve air quality,, efficient than gasoline-powered vehicles, save money on fuel costs, it are quieter making it a peaceful environment. Every little bit helps. By working together, we can create a cleaner, more #sustainable future for everyone. World EV Day™️World Economic Forum #sustainabilityleadership

This is what the adoption 'S' curve looks like at the start of exponential growth; month over month and year-over-year spikes, plateaus, and a steady upward trend. 10% market share might not seem like a lot, but as someone who has been tinkering and working in the EV space since 2008, it's astonishing to see electric-powered mobility so quickly disrupt the transportation sector, one of the largest and entrenched sectors of our economy and the biggest climate pollution emitter. This growth is the result of entrepreneurial spirit, technology #innovation, industry investments, #publicpolicy, and consumer desire that is reinforced by the fact that once you kick gas, there's no going back because #EVs are more enjoyable to own and drive (current charging infrastructure issues notwithstanding, which we're working on! ). At this adoption rate, we may reach the goal of 50% #EV market share by 2030. Think about that; every other car rolling off auto dealers' lots would be electric. Honk if you think we'll get there! Thanks to Atlas Public Policy for tracking and translating the data! #electricvehicles #electriccars #transportation #sustainability #climatechange #cleanenergygeneration

EV sales in US Electric vehicle sales in the US will clock in at 1.3-1.4 million units in the current year, But, at 9 percent of new car sales, EV sales in the US is way behind that in China, Germany and in Norway, where the corresponding numbers are 33 percent, 35 percent and 90 percent.

Global sales of internal-combustion-engine vehicles have fallen each year since 2017 thanks to electric cars taking up a growing share. The result: The world has hit “peak” gas-powered vehicle sales. Since that peak in 2017, gas-powered vehicle sales have dropped 23%. At the same time, EV sales have steadily risen.

Sales of electric vehicles (EVs) worldwide grew by 49% in the first six months of 2023, reaching an all-time high of 6.2 million. In August 2023, EV sales hit a new record of 1.2 million. Global registrations of plugin cars also grew by 23% from last September, reaching 1.291 million in September 2023.

China’s first half sales showing us a major shift in the automakers leading the combustion engine sales compared to the EV sales. This shift can be an indicator for the rest of the world, if the big players do not expedite their EV commericalisation.

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