#ev-sales

#ev-sales

Tesla's Model Y became the best-selling car in China in 2024, with 480,309 units sold, partly due to effective marketing and safety assurances.

Tesla's sales are sharply declining in Europe and slipping in the US, linked to Elon Musk's controversial public persona.

China's EV market is seeing impressive sales from local manufacturers, while Tesla faces challenges with pricing and increasing competition.

Record deliveries from local EV brands highlight the competitive landscape Tesla must navigate in order to maintain its market share.

Elon Musk's criticism affecting Tesla's sales in California, where Rivian is gaining popularity.

Demand for Tesla's Cybertruck is declining, indicated by unusual worker schedules and declining used car values.

Polestar CEO Thomas Ingenlath resigns as the company faces financial struggles amid a slowdown in EV sales and increased competition.

Polestar's Q2 2024 global electric car deliveries rose by 80% from Q1, but saw an 18% decline year-over-year, challenging its 2025 sales target.

Polestar expects lower revenue in 2024 due to declining EV sales and has been impacted by a global price war.

Ford's Model e division saw significant growth in sales, with a 61% increase for Q2 and 72% for the year, positioning Ford as a strong competitor in the EV market.

Ford's overall vehicle sales increased, but its EV segment remains weak, primarily dominated by competitors like Tesla and GM.

Ford aims to expand EV sales by opening up access to more dealers and lifting restrictions on who can sell their EVs.

Ford's stock dropped due to high warranty payment costs despite EV sales growth.

Hyundai Motor Group leads non-Tesla EV sales in the U.S., with significant growth in Q2 2024.

Volvo aims to stabilize its EV market position with the refreshed XC90 and a focus on hybrids as competition intensifies.

EV sales are strong overall despite narratives of a slowdown and automakers adjusting strategies.

PHEV sales see significant growth compared to BEVs due to lower upfront costs and fuel tanks alleviating range anxiety.

Understanding the electric car transition in 2024 is complex, with challenges faced by automakers and consumers alike.