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Reports of an electric vehicle sales slowdown may be exaggerated

Teslarati

A look at reports in the past months would show that a narrative around electric vehicle sales has formed. Considering the trends in the sales of vehicles like the Ford F-150 Lightning and startups like Lucid Motors, skeptics have claimed that electric cars are seeing a demand problem. That’s an increase of 36% from 2022.

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Tesla’s $25k Model 2 car expected to be unveiled in 2024

Teslarati

. “If the company announces the lower-price[d] car too early, they risk slowing sales of Model 3 while ramping capacity during what is likely to be a broader auto recession,” Loup Ventures explained. Second, the Model 2 will be either a compact car or a subcompact vehicle–a popular design in Europe and Asia.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. 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. BYD’s PHEV sales were up 21% to 95,715 last month.

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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

In addition, another close to 100 exhibitors will be participating in two exclusive Auto Components Pavilions showcasing products and solutions for OEMs, the release said. The pre-owned cars sales are projected to grow around 17.5% times to an estimated USD 14 billion by 2028.

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EV Companies Taking More & More Share of World Auto Market

CleanTechnica EVs

continued] The post EV Companies Taking More & More Share of World Auto Market appeared first on CleanTechnica. If you’re wondering who is winning in the growing electric vehicle market, you should know by now that Tesla and.

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Vietnam’s VinFast to set up EV battery plant in India -sources – ET Auto

Baua Electric

Reuters reported in September VinFast had begun hiring for sales, legal and back office jobs in India, seeking recruits who “dare to think, dare to do, and dare to face difficulties.” VinFast is also open to bringing both e-scooters and e-cars to India, the first source said. It added production will commence in 2026.

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India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

India has retained its position as the third largest car market in the world in 2023. From the sizeable difference of 344,058 PVs in CY2022, Japan has reduced the gap with India sales to 115,929 units in CY2023. Much like matured markets, SUVs stole the show with a share of over 48% of total passenger vehicle sales in the country.

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