US Auto Industry Down 8% Since 2019
CleanTechnica EVs
SEPTEMBER 24, 2023
It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.
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CleanTechnica EVs
SEPTEMBER 24, 2023
It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry has been declining steadily for a few years at least. Compared to 2021, the American auto industry’s annual sales were down by more than 1 million units, or 8%. Compared to 2020, there were “only” down by 725,726 units (5%).
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry is truly on the rebound. Seemingly not, as US auto industry sales in the 4th quarter of 2022 were 10% higher than […] In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while. But was it just a lucky little blip?
Electrek
DECEMBER 28, 2022
Hyundai is officially the third-largest automaker globally after jumpstarting the brand in 2022, behind only Volkswagen and Toyota. However, the South Korean automaker may have an advantage as the auto industry transitions to electric vehicles.
The Truth About Cars
AUGUST 14, 2023
Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. BYD’s founder and chairman called on other Chinese brands to help propel the country further down the road toward electric vehicle dominance.
Teslarati
MAY 13, 2024
Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09
Teslarati
MARCH 11, 2024
The Hyundai IONIQ 5 was named the Best Electric 5 Passenger SUV for Families in the 2024 Best Family Cars Awards by Parents, an online magazine. Parents turned to auto industry experts with kids to nominate and vote on the top cars for families this year. The car-powered pop-up hotel was open for fourteen days.
Green Car Congress
NOVEMBER 29, 2022
Hyundai Mobis plans to invest $926 million in an Electric Vehicle (EV) Power Electric system plant in Bryan County that will eventually employ at least 1,500 people. The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia.
Teslarati
JANUARY 31, 2024
Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. This week, Beijing Hyundai Co.—a a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market.
CleanTechnica EVs
OCTOBER 18, 2021
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%.
Green Car Congress
JULY 2, 2019
Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. —Hyundai Group Executive Vice President Thomas Schemera. Earlier post.)
Green Car Congress
OCTOBER 28, 2021
Start-up solid-state battery company Factorial Energy , Hyundai Motor Company and Kia Corporation are partnering to test Factorial’s novel solid-state battery technology and its integration in Hyundai electric vehicles.
CleanTechnica EVs
APRIL 23, 2023
It’s time for another quarterly report on US auto sales. Like a few other major news outlets, I track total quarterly sales of the US auto industry, but I also conduct a thorough analysis of the trends of each automaker.
CleanTechnica EVs
DECEMBER 17, 2023
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.
Teslarati
APRIL 11, 2023
Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Now, Hyundai has set its sights higher, aiming to become a top three global automaker by 2030, primarily fueled by a massive $18.1 million vehicles globally by 2030.
Teslarati
MAY 31, 2023
LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. billion in electric vehicle production.
Baua Electric
FEBRUARY 7, 2024
With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.
Baua Electric
FEBRUARY 1, 2024
Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 South Korea’s Hyundai wants its piece of the booming market. Now, Hyundai will launch a tailor-made EV brand with BAIC.
Baua Electric
MAY 4, 2024
Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4
Electrek
DECEMBER 19, 2022
Hyundai unveiled the design for its next-generation KONA models Monday. Rather than trying to make it look like another gas-powered car, the automaker introduced elements to incorporate the direction in which the auto industry is headed – toward electric vehicles.
CN EV Post
MARCH 16, 2023
Li Auto 's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase. Li Auto US | Li Auto HK (A rendering of Li Auto's factory posted on Weibo by Beijing Shunyi district authorities.)
CleanTechnica EVs
MAY 14, 2024
We’ve turned a big corner when it comes to electrification of the auto industry. Just 5–10 years ago, automakers were largely laughing at electric cars, slow-walking the transition, and had modest electrification plans. That changed with the anticipation for and arrival of the Tesla Model 3, EU regulations requiring than.
CleanTechnica EVs
JULY 12, 2021
Another quarter has wrapped up and we have more grand trends in the US auto industry. In the charts and text below, I’m comparing Q2 2021 (the second quarter of 2021) with Q2 2020 and also with Q2 2019. Naturally, year-over-year changes are interesting, but given how unique last year was, I think it’s more […].
Green Car Reports
MARCH 26, 2018
“Electric cars are disasters. Not something you'd hear every day, certainly not from a powerful executive in the auto industry. Yet those are the words of Ha Bu-young, head of the Hyundai motor union, both the largest and the most powerful union in South Korea. They are evil."
Green Car Reports
AUGUST 17, 2017
It's long been said in the auto industry that Hyundai-Kia is the only competitor that truly scares industry colossus Toyota. Thirty years ago, the Korean company was a bit player, producing designs adapted from obsolete Mitsubishi technology.
CleanTechnica EVs
OCTOBER 12, 2022
US auto sales were up 1% in the 3rd quarter of 2022 compared to the 3rd quarter of 2021, but they were down 13% compared to the 3rd quarter of 2020 and down 21% compared to the 3rd quarter of 2019, which we use as a bit of a control year since it was before […].
Baua Electric
MARCH 2, 2024
Rise of clean mobility Consumer awareness and conscious decision-making are driving demand for electric vehicles (EVs), prompting increased investments in sustainable and advanced production facilities from automakers. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.
Green Car Reports
NOVEMBER 9, 2017
Hyundai is known in the auto industry as an aggressive and very capable competitor, and the world's largest makers watch it closely and take it very seriously. The company didn't introduce its first hybrid car in the U.S. until 2011 and, frankly, that year's hybrid Sonata sedan wasn't very good.
Qnovo
MARCH 2, 2021
At a market capitalization exceeding $700 billion, Tesla enjoys a unique financial position among all auto manufacturers to expand its investments in electric vehicles and infrastructure. The result is an accelerating race to deliver electric vehicles with increasing performance, affordability, and choice.
Baua Electric
JANUARY 9, 2024
Who says electric vehicles are too expensive? New data shows EV prices are nearly the same as gas-powered vehicles. EV prices are closing in on gas-powered vehicles According to Cox Automotive , the average transaction price for an EV was $50,798 at the end of 2023. ICE vehicle inventory was 69 days’ supply.
Baua Electric
JANUARY 17, 2024
Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Hybrid cars have been touted as the bridge to fill in the gap between internal combustion engine technology and electric propulsion tech.
Teslarati
JULY 15, 2022
According to Automotive News’ sources, Nissan plans to retire its all-electric Leaf model and replace it with a different battery electric vehicle to compete with the more tech-savvy EVs in the market. It might give Nissan the opportunity to create and reconceptualize its own take on the modern-day electric vehicle.
Teslarati
APRIL 26, 2022
According to Kelley Blue Book’s (KKB) data , Tesla dominated the United States electric vehicle market in the first quarter. Tesla vehicle sales accounted for 75% of all EVs sold between January and March 2022. Tesla’s Model 3 and Model Y vehicles made up 68% of US EV market sales in Q1 2022.
Baua Electric
FEBRUARY 1, 2024
BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). It’s about transitioning the auto industry for a sustainable future.
Green Car Congress
JANUARY 22, 2011
The 2011 KPMG survey also finds the auto industry heavily investing in future technology, new products and safety improvements. In fact, Hans Flick, national tax leader for KPMG’s automotive practice noted that executives appear to indicate that the idea of entry level cars may not have met expectations. Investments.
Teslarati
SEPTEMBER 25, 2023
As the auto industry transitions to electric vehicles (EVs), many have aired concerns that there will not be enough charging stations. The company has since been joined by General Motors, Mercedes-Benz, Rivian, Hyundai, Honda and more. Tesla gets big win in Texas with NACS requirement What are your thoughts?
Baua Electric
JANUARY 3, 2024
India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. REUTERS) The just concluded year 2023 was a cheerful one for the Indian auto industry, as the car manufacturers in the country breached the four million mark for the first time. per cent growth over 39 lakh units registered in 2022.
Clean Fleet Report
SEPTEMBER 26, 2021
In addition, the previous year’s 10 winners are also eligible for ongoing consideration (spoiler alert—the only return winner was the Hyundai Kona BEV, which now is a three-peat). turbo V6 through the Volvo XC40 P8 Recharge battery-electric powertrain. Hyundai Kona BEV. Hyundai Santa Fe 2.5L 0L Turbo four-cylinder.
CleanTechnica EVs
APRIL 26, 2021
Tallying up US auto sales for Q1 2021 at long last, I was only slightly curious to see how they compared to Q1 2020 (and perhaps that’s why it took me so long). Clearly, with the US in lockdown for part of Q1 2020, it was just a poor quarter to compare to and this […].
CleanTechnica EVs
OCTOBER 18, 2021
I just published a report highlighting the fact that Tesla’s US sales have been growing as the overall auto market has tanked, and I also published one looking at companies’ EV share of auto sales (Tesla being at 100%, of course). I nearly closed all my Google Sheets and left the topic of US EV […].
Green Car Congress
JULY 2, 2018
A natural shift to electric vehicles will simply not happen without addressing consumer affordability. Besides affordability, the report identified a balanced supply of charging and refueling infrastructure as a pre-requisite for stronger sales of alternatively-powered vehicles across the EU. of total EU car sales in 2017.
EV Adoption
JANUARY 22, 2022
Only available in the US beginning in March of 2021, the hot-selling Jeep Wrangler 4xe plug-in hybrid electric vehicle (PHEV) was apparently the top-selling PHEV in the US last year. Auto Industry Analyst. I can’t tell you our exact number but if they beat RAV it was very narrow. Flip a coin.
Push EVs
APRIL 13, 2023
The UK saw plugin electric vehicles take 22.4% of the auto market in March, down from 22.7% Overall auto volume was 287,825 units, up some 18% YoY, though still some 19% down from March 2019 levels. The Tesla Model Y was the UK’s overall best selling auto in March. full electrics (BEVs), and 6.2% PushEVs.
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