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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 million units in March 2020, down by 39% from March 2019. This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. million units.

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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

In early 2019, Reuters estimated that the top 29 global auto manufacturers had already pledged to invest more than $300 billion towards developing electric vehicles (EVs) and supporting technologies including autonomous driving capability. It's not relevant for a buying decision," argues BMW Group CEO Oliver Zipse.

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Convincing Consumers To Buy EVs

Cars That Think

Even if interest in purchasing an EV is increasing, close to 70 percent of Americans are still leaning towards buying an ICE vehicles as their next purchase. In the UK, only 14 percent of drivers plan to purchase an EV as their next car. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range.

Buy 85
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Tesla Q1 2024 Earnings Call Transcript: April 23, 2024

Teslarati

On the demand front, we’ve undertaken a variety of initiatives, including lowering the price of both the purchase and subscription options for FSD, launching extremely attractive leasing specials for the Model 3 in the U.S. How long would it take your best Chinese competitors to copy that? Unknown executive: Yeah.

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