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Tesla US Sales Up 104% While US Auto Industry Down 22%

CleanTechnica EVs

Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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GM Says Updated U.S. Emissions Rules Will Cost Auto Industry Billions in Fines

The Truth About Cars

During the meeting, GM estimated the auto industry as a whole could see penalties ranging from $1,300 to $4,300 per vehicle by 2031. GM, which in 2021 vowed to halt the sale of new gasoline-powered vehicles by 2035, said this month it could face compliance challenges under the EV efficiency rules and vehicle emissions regulations.

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US Auto Sales Down 8% in Q3 2023 vs. Q3 2019

CleanTechnica EVs

The US auto industry is bouncing back compared to the past couple of years, but it’s still significantly below its. continued] The post US Auto Sales Down 8% in Q3 2023 vs. Q3 2019 appeared first on CleanTechnica.

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GlobalData: Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012

Green Car Congress

Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID-19) in Wuhan, China. This has created a knock-on effect for both vehicle sales and production, with dealerships devoid of customers and factories at a standstill with no one to operate them. Sales in the world’s single largest vehicle market sank 33.1%

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Stellantis sees a drop in Q1 2024 revenue, ahead of BEV launches

Teslarati

The multinational automaker and Dodge-Chrysler parent company says the drop was due to its transitioning product portfolio as it prepares to launch additional battery-electric vehicles (BEVs) and due to other economic headwinds. In a press release shared on Tuesday, Stellantis reported that it reached a Q1 net revenue of €41.7 billion (~$44.5

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). The US market has remained steadily behind with fewer than 360,000 EV sales annually from 2018 through 2020, whereas Europe saw explosive growth from 390,000 to more than 1.3 Source: The ICCT. —Nic Lutsey.

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