IDEX - EV Company News For The Month Of February 2024
2024-03-06 11:52:43 ET
Summary
- Global electric car sales Jan. 2024 up 63%YoY to 16% share. China sales up 95% to 32% share. Europe up 26% to 20% share. USA up 19% to 9.8% share.
- EV market news - Adamas Intelligence: What electric car slowdown? Global EV industry is breaking records. January 2024 breaks global EV sales record: Take that, haters.
- Goldman Sachs insists our future transportation is all electric. More affordable electric cars are starting to arrive in more places around the world.
- EV company news - BYD Co targets 4m EV sales in 2024. Tesla Giga Mexico construction to begin next week: Governor. Changan jumps to the number 6th ranking for global electric car sales.
- XPeng and the Volkswagen Group announce entry into Master Agreement. Apple to wind down electric car effort after decadelong odyssey.
Welcome to the February 2024 edition of Electric Vehicle [EV] company news.
Plugin electric car sales as of end January 2024
Global plugin electric car sales were over 1 million in January 2024, up 63% on January 2023 sales. Global plugin electric car market share in January was 16%, and 16% YTD. (Note: Jan. 2023 did have the Chinese New Year holiday which fell in Feb. in 2024, thereby boosting Jan. 2024 YoY sales growth. It also means to expect a poor result in Feb. 2024. Example here .)
China plugin electric car sales were 668,000 in January 2024, up 95% on January 2023 sales . Plugin electric car market share in China for January was 32%, and 32% YTD.
Europe plugin electric car sales were 199,000 in January 2024, up 26% YoY (sold 158,000 in January 2023), reaching 20% market share and 20% YTD. Norway reached 93.9% share, Sweden 52.5% , Netherlands 35% , Germany 17% , France 25% , and UK 23% in January 2024.
Note: Australia reached 5% market share in Jan. 2024 (a shipment of Tesla's was turned back to China due to a stink bug infestation)....
EV Company News For The Month Of February 2024