rvaughnmd,
@rvaughnmd@med-mastodon.com avatar

Electric Vehicles Accelerate Toward 50% Of Global Sales

"The reports of electric vehicle sales’ death are greatly exaggerated."

Predicted EV sales:

China, biggest auto market to hit 10 million vehicles, roughly 45% of all car sales

US: 2nd largest auto market, forecast to rise 20%, 11% of all new car sales.

Europe: 3rd largest auto market, to hit 10%, 25% of total sales.

https://www.forbes.com/sites/energyinnovation/2024/05/19/the-vibes-lie-electric-vehicles-accelerate-toward-50-of-global-sales/

Hypx,
@Hypx@mastodon.social avatar

@rvaughnmd Sales are in decline in multiple nations, plateaued nearly everywhere else. It would have declined significant if it wasn't for dramatic discounting.

Sales numbers in the car industry are a lagging indicator because of that. The next step will be large production cutbacks, which will lead to the significant sales decline that we already know will happen.

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