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Elon Musk responds to Tesla-BYD 2023 Q4 production comparison

Teslarati

Tesla CEO Elon Musk has responded to the comparisons being drawn by various media outlets regarding his company and high-powered Chinese rival BYD, which outpaced Musk’s company in terms of production of electric vehicles in the fourth quarter of 2023. Tesla’s factory in Germany only produces the Model Y.

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California passes 1M mark for cumulative sales of electric vehicles: BEVs, PHEVs and FCEVs

Green Car Congress

of total California auto sales in 2021. The CEC updates its Zero Emission Vehicles (ZEV) sales figures quarterly by analyzing DMV data. Specifically, cumulative sales through the end of 2021 were: 663,014 BEV (62.9%). For sales in 2021 only, the shares were: 183,933 BEV (73.5%). From CEC New ZEV Sales dashboard.

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EU: Battery-electric car market share reached 16.3% in November

Electric Cars Report

In November 2023, the EU’s car market grew by a modest but reasonably robust 6.7%. Despite a relatively low base of comparison, solid growth persisted, marking the sixteenth consecutive month of expansion. There were substantial double-digit gains in some markets, including two of the largest: Italy (+16.2%) and France (+14%).

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Traditional retail sales steady despite e-commerce

Green Car Congress

E-commerce sales in the United States in 2019 amounted to 11.0% of all retail sales— the highest percentage yet. In comparison, the corresponding percentage in 2000 was only 0.9%. A common explanation of the rise in e-commerce is that it is a consequence of syphoning sales from traditional retail sales.

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Audi EV market competitiveness potentially dampened by lack of price cut

Teslarati

Audi, much like many other premium German brands, has faced dramatically increased competition following the entrance of Tesla into its luxury-high-performance market. As a result of this price and performance gap, Tesla, and traditional Audi competitors, such as Mercedes and BMW, have begun to separate from Audi in terms of sales volumes.

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Despite increased e-commerce sales, third-quarter traditional sales were on par with those a year ago

Green Car Congress

In a recent article , I showed that, adjusted for population and inflation, e-commerce retail sales during the second quarter of 2020 increased by 43.3% compared with second-quarter sales of 2019. In comparison, traditional retail sales decreased by 10.1%. E-commerce sales. Traditional sales. vs. 43.3%).

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BEV overtake diesels sales for the first time in Europe

Electric Cars Report

In June 2023, the EU car market grew by 17.8% This growth can be attributed to the region’s rebound from a low comparison base last year, primarily driven by vehicle component shortages. to 1 million registered units, according to the European Automobile Manufacturers’ Association (ACEA) data.

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