• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 19 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days America should go after China but it should be done in a wise way.
  • 21 hours Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Is a Deep-Sea Mining Boom Inevitable?

Is a Deep-Sea Mining Boom Inevitable?

The UN regulator overseeing deep-sea…

Microwave Energy Could Fix The Biggest Problem Facing EVs

Microwave Energy Could Fix The Biggest Problem Facing EVs

Researchers from the University of…

U.S. EV Sales Climbed 29% in Q4

Plug-in electric vehicle sales in the United States rose by an annual 29% in the fourth quarter of the year, within the context of a much more moderate total car sales increase of 8%, Clean Technica reported.

Tesla, the biggest EV seller, ranked eighth on a list that saw Toyota at the top with close to 524,000 cars sold during the quarter, followed by Ford, Chevrolet, Honda, and Hyundai completing the top five.

The report suggests 2023 was a strong year for EVs in the United States, following an earlier report with annual sales data from Cox Automotive that said EV sales in the country had reached 1.2 million last year.

This boosted the share of electric vehicles to 7.6% of the total car market but Cox Automotive added that there has been a clear slowdown in demand for EVs, even as Clean Technica said “Don’t believe all the EV anti-hype.”

Cox Automotive, meanwhile, noted that EVs have yet to reach price parity with internal combustion engine vehicles and this was looking increasingly possible over the next few years—thanks to a selection of subsidies—but for now EVs remained quite expensive.

A recent InsideEVs report on November EV sales in the United States confirmed the slowdown in sales growth. Citing data from S&P Global Mobility, the report said that total battery electric vehicle sales in November stood at 89,527, which was a 30% annual increase, it only represented a 1.2% increase in market share—to 7.7% from 6.5% a year earlier.

That report noted that Tesla had registered a relatively modest increase in sales during the penultimate month of the year while other EV makers had seen double-digit sales growth, including Ford, with 21% higher sales in November than a year earlier. Kia and Hyundai saw a twofold increase in their EV sales in the U.S. in November.

By Charles Kennedy for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News