Are electric vehicle sales declining? Here are the facts
By admin, Kasım 12, 2024
See Full Size It has been rumored for a while that there has been a decline in demand for electric vehicles. The fact that automobile giants such as General Motors and Ford downsized or delayed their plans also strengthened these views. Well indeed electric vehicle Are their sales decreasing? Actually no. In fact, with sales of 16.7 million units in 2024 breaking a new record is expected.
1 in every 5 vehicles will be electric
According to BloombergNEF’s analysis, although electric vehicle sales show a slowdown in growth rate, a new record is expected to be broken in 2024. This year, total electric vehicle sales worldwide to 16.7 million units It is estimated to reach. This figure 13.9 million in 2023 well above sales. Electric vehicles will account for 20 percent or more of global vehicle sales by the end of 2024. 1 in every 5 vehicles sold is electric It is expected to happen.
Global electric vehicle sales in the first half of the year 26 percent increase while a growth of around 30 percent was recorded in September. Although this rate indicates a decrease compared to the previous year’s growth rates of 33 percent and 2022’s 60 percent, it means that the electric vehicle market is still on a solid growth line.
On the other hand Germany ve Japan A significant slowdown in sales was observed in countries such as the headquarters of automobile giants. Electric vehicle shootings in Germany in August 61 percent rate decreased, the decrease in incentives played an important role in this decrease. Many car manufacturers in Europe prefer to postpone their more affordable models to 2025. This is because car manufacturers are largely meeting the targets for this year, when carbon emission targets will be tightened across the EU. This leaves no strong incentive for the launch of new electric vehicle models.
China remains the driving force
China is the biggest driver of the global electric vehicle market. 6 out of every 10 plug-in vehicles sold in the world are sold in China, and electric vehicle sales in the country now exceed 50 percent of total vehicle sales. Sales in China increased by 50 percent in September. However, it should be emphasized that most of the growth in China comes from plug-in hybrid and electric vehicles with range extender systems. This trend also explains the slowing growth rates of battery electric vehicle (BEV) sales.
Although the electric vehicle market in the USA lags behind Europe and China, it reached a record sales level in the third quarter of the year. Although Tesla’s sales in the US market decreased, falling below 50 percent of total EV sales, brands such as GM and Hyundai managed to close the gap. Honda’s new electric vehicle Prologue is also attracting attention in the market.
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