VFSWW - EV Company News For The Month Of January 2025
2025-02-06 18:01:01 ET
Summary
- Global electric car sales Dec. 2024 up 23% YoY to 30% share. China sales up 46% to 53% share. Europe up 4% to 28% share. USA down 0.7% to 10.86%.
- EV market news - 2024 EV sales grew by 26% to ~17.2m. Trend Investing forecasts 2025 global plugin EV sales of 21.3m sales (up 24% YoY) to reach 24%.
- EV company news - Deutsche Bank expects BYD to sell 5.52 million cars in 2025, up 29%YoY. Elon Musk - Tesla full autonomy to be launched in Austin in June.
- Zeekr sales increased 87% in 2024. Geely Auto enters Indonesian market. NIO, Xpeng, and Leapmotor are aiming to double sales in 2025.
- Rivian and U.S. DoE finalize $6.6B loan agreement to support future Georgia manufacturing site.
Welcome to the January 2025 edition of Electric Vehicle [EV] company news.
The past month saw reports of several new EV sales records for Dec. 2024 and for calendar year 2024, mostly led by China and the rest of the world ("ROW"). We also got a significant policy change towards EVs from the White House.
According to CleanTechnica, 2024 global plugin electric car sales ended at 17.2 million and 22% market share, up 26% YoY.
Plugin electric car sales as of end December 2024
Global plugin electric car sales were a record 1.9 million in December 2024, up 23% on December 2023 sales. Global plugin electric car market share in December was 30% , and 22% YTD (for 2024)....
EV Company News For The Month Of January 2025