BYMOF - EV Company News For The Month Of January 2024
2024-02-06 15:17:12 ET
Summary
- Global electric car sales Dec. 2023 up 40%YoY to 22% share. China sales up 46% to 37% share. Europe down 29% to 28% share. USA up 42% to 9.8% share.
- EV market news - A record 1.2 million BEVs were sold in the U.S. Britain ZEV mandate thresholds rise annually to an 80% share in 2030, 100% by 2035.
- EV company news - Global leader BYD Company Limited sells a record 3 million plus EVs in 2023 up 61.9% YoY. Tesla to launch mass-market EV in mid to late 2025.
- SAIC Motor sold a total of 1.12 million NEVs in 2023. Mercedes-Benz Passenger Cars BEV sales rise 73% in 2023. Hyundai-Kia surge past Ford, GM to take second in U.S. EV sales in 2023. Ford cuts F-150 Lightning production as 'EV demand softens' (according to Ford!).
Welcome to the January 2024 edition of Electric Vehicle [EV] company news.
Global plugin electric car sales for 2023
Global plugin electric car sales grew by 35% in 2023, to reach a record ~13.7m units and 16% market share.
2023 global plugin electric car sales by month
The "fake news" of no EV demand is simply wrong
Despite all the "fake news" about no EV demand in late 2023, CleanTechnica reported a "record result" for December 2023 global plugin car sales and a record year in 2023. The one weak area in December 2023 was Europe, and in particular Germany, where subsidies ended in December 2023, but still EVs achieved a 25% market share.
In late 2023, we have had several reports showing EV demand is booming. Here is a small sample:
- Global - Global EV sales reach a 'new record' in 2023 of 13.7m sales, 16% market share, up 35%YoY.
- USA - A 'record' 1.2 million BEVs were sold in the U.S. in 2023 (total plugin EV sales were 1.4 million with 80% EVs, 20% hybrids) . Q4 EV sales increased by 40% YoY. U.S. Plug-in EV sales rose to 9.8% of auto sales in December. US auto industry rose 8% in 4th Quarter, while EV industry grew 29%. US plugin EV sales in December 2023 were up 42.4% YoY.
- China - 2023 and December 2023 saw 'record' EV sales results, smashing all past records. EV penetration in China for 2023 was ~38%.
- South America - BEV sales shoot past all expectations in Brazil in December, rise 700%!
- Australia - Plugin EV sales December 2023 were up 161% YoY.
- New Zealand - New Zealand exceeds 50% Electric Vehicle penetration in December 2023!
- Tesla - The Tesla Model Y was the best-selling car in the world in 2023.
- BYD Co - BYD crowned China’s No. 1 selling car brand for 2023 over VW. BYD concludes 2023 with record 3 million annual sales , up 61.9% YoY , leading global NEV market.