Comment Wut industry w/ 40+% YoY growth is failing? (Score 5, Interesting) 352
Seriously, EVs are racing into high percentages. GM and others are falling behind in capabilities so of course it’s because “no one wants them” when the issue is “no one wants the fairly bad ones these automakers put out when forced to and while trying to kill the market”.
https://www.ev-volumes.com/cou...
Global EV Sales for 2023 H1
By Roland Irle, EV-Volumes
Global EV sales continue strong. A total of 6 million new Battery Electric Vehicles (BEV) and Plug-in Hybrids (PHEV) were delivered during the first half of 2023, an increase of +40 %. 4,27 million were pure electric BEVs and 1,76 million were PHEVs. Preliminary July results show +40 % growth again. The regional growth pattern has shifted: China EV sales increased by +37 % in 2023 H1 y/y, compared to +82 % in 2022 vs 2021. Sales in Western and Central Europe were up +28 % in H1 compared to just +15 % growth in 2022. EV sales in USA and Canada are +50 % higher YTD to June than last year. EV sales outside the aforementioned markets increased by 102 %, albeit from a low base. Overall vehicle markets saw a considerable recovery, with +17 % y/y growth in Europe in H1 but weaker and more volatile in China. The global light vehicle market was 11 % higher in 2023 H1 than in 2022 H1 but still trailed the 2015-2019 average by five million units on an annualized basis.
EV shares continued to climb in all markets. BEVs (10 %) and PHEVs (4,1 %) stood for 14,1 % of global light vehicle sales at the close of H1, compared to 11,3 % in 2022 H1. Norway had the highest market share of EVs in H1 (BEVs 75 % + PHEVs 6 %), China had 30,5 %, Europe 19,7 % and USA 8,7 %.