XIACY - EV Company News For The Month Of May 2024
2024-06-10 10:26:26 ET
Summary
- Global electric car sales in April 2024 up 25% YoY to 18% share. China sales up 27% to 44% share. Europe is up 11% to 20% share. USA is up 2.6% to 9.14%.
- EV market news - President Biden announces tariffs on Chinese EVs will increase from 25% to 100% in 2024. Australia introduces the New Vehicle Efficiency Standard Bill 2024.
- EV company news - BYD Co launches Shark hybrid pickup truck in Mexico. Tesla received a nod for Robotaxi testing in China during Musk’s visit. Volkswagen walks back the EV-or-bust strategy.
- Stellantis CEO says the $25,000 Jeep EV is coming to the U.S. "very soon." Hyundai and Kia sales surge in the USA. Mercedes retreats to gas guzzlers as EVs fail to boost profit. NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% YoY.
- Honda plots a $65 billion investment to build seven new EVs.
Welcome to the May 2024 edition of Electric Vehicle [EV] company news.
The past month, we heard news of very strong China EV sales again, but a slowdown in Europe and U.S. EV sales growth rates. The biggest news for the month was the U.S. government announcing new 100% tariffs on Chinese EVs.
Plugin electric car sales as of end April 2024
Global plugin electric car sales were 1.2 million in April 2024, up 25% on April 2023 sales. Global plugin electric car market share in April was 18%, and 17% YTD.
China plugin electric car sales were 703,000 in April 2024, up 27% on April 2023 sales. Plugin electric car market share in China for April was 44%, and 40% YTD.
Europe plugin electric car sales were 219,000 in April 2024, up 11% YoY, reaching 20% market share and 21% YTD. Norway reached 91% share, Sweden 56.9% , Germany 18.4% , France 24.3% , and UK 24.7% in April 2024....
EV Company News For The Month Of May 2024