Tag: EV market
The future of used EV sales: Auto Trader’s look into the second-hand cars of 2025
Used EV models are selling faster than other fuel types, with an average turnover time of 28 days in December 2024.Despite a 10.6% price drop, demand for EVs remains strong, with £30 million profit...
EVs are the automaker’s path to success: BMW, Kia, VW, and Renault find electric success across 2024
BMW Group excels in premium EVs with 172,240 registrations, 27% of which were fully electric, led by the BMW i4.Kia sets sales records by selling 112,252 units, with half being electrified, driven by the...
EV market reaches record share in 2024, but how close are we to 2025 targets?
EVs hit a record 19.6% market share in 2024 but missed the 22% government-mandated target, falling short of 2025 aims.Fleet sales and tax incentives boosted EV growth, while private adoption lagged due to costs...
Brazil is embracing EVs, overtaking Belgium as a top importer of Chinese EV models
EV market in Brazil will grow from US$661.3 million in 2024 to US$1,236.0 million by 2028.China exported 40,163 new energy vehicles to Brazil in April 2024, marking a 13-fold year-on-year increase.Chinese automakers, including BYD...
Fact checking the narrative that EVs are slowing down
Guest Editor: SFA (Oxford)Recently, there has been extensive media coverage on consumers switching away from battery electric vehicles (BEVs), in favour of their cheaper, internal combustion engine (ICE) counterparts. SFA’s latest quarterly report contextualises...
A five-year EV retrospective: Looking back as World EV Day™ enters its fifth year
This year marks a pivotal moment in EV history, as World EV Day™, the world’s largest emobility campaign, enters its fifth year. World EV Day™ is a groundbreaking global campaign, beginning conversations, inspiring decisions,...
BYD expected to overtake Tesla in 2024 as the global electric vehicle market evolves
Analysts predict BYD to top Tesla in 2024 BEV sales after strong Q4 performance.Top 10 companies hold 65% market share, with Tesla at 19.9%, BYD at 17.1%.Despite slowing growth, BYD's global expansion and Tesla...
Electric vehicle market rockets towards $951.9 billion by 2030
The electric vehicle market is set to reach $951.9B by 2030, 13.7% CAGR from $388.1B in 2023.Tesla, Volkswagen, and other major automakers vie for affordability.Commercial EVs surge; collaboration, innovation, incentives, and infrastructure are crucial...
Volkswagen Group reports a huge surge in global electric vehicle sales across 2023
Electric vehicle sales saw a substantial 34.7% increase, reaching 771,100 units.Volkswagen Group's total deliveries surged by 12% to 9.24 million vehicles in 2023.Geographically, Europe and North America led the charge in BEV adoption, contributing...
