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Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. EVs, when the price and payment is there, they’re not afraid to buy them. Electric vehicle prices averaged around $58,000 in Q1 2024. According to J.D.

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U.S. EV sales growth outpaced the rest of the auto market in June: data

Teslarati

Electric vehicle (EV) sales have been on the rise in the U.S. and elsewhere over the past few years, and recent registration data from S&P Global Mobility shows that EV sales growth outpaced the rest of the automotive market in June. New EV registrations jumped 3.1 percent decrease to a little over 1.2 The post U.S.

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BYD NEV sales up 262.9% YOY in October

Green Car Congress

In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. So far, BYD Han’s cumulative sales have exceeded 130,000 units, with increases for seven consecutive months. year on year (YoY) and 12.5%

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BYD’s Electric Car Price Cuts Upset BYD Buyers in Thailand — Investigation Ensues As Factory Inaugurated

CleanTechnica EVs

I wrote a few weeks ago, based on some ears on the ground, about cheap electric cars from BYD seemingly disrupting the auto market in Thailand — like, not just reaching good sales levels, but actually disrupting the market and pushing auto brands out. This even extends into the used.

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. million units this year, 20% more compared to 2023’s 3.02

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Used EV prices are stabilizing, suggests new data

Teslarati

New data from Q2 suggests that used electric vehicle (EV) prices are stabilizing in the U.S., According to the Q3 2024 Used EV Market Report shared by Recurrent Auto last Wednesday, used EV prices appear to be stabilizing—particularly in the $20,000 to $25,000 price range.

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