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EV Sales

Amid Chinese Car Price War, Tesla Takes a Step Back, while BYD Secures Sales Crown

Tesla initiated a price war in the Chinese market this year, forcing local manufacturers to confront the challenge. However, after nearly a year of...

Declining Battery Costs to Drive Electric Vehicle Market Share

Report to China Times, due to the declining cost of batteries, by 2024, the prices of electric vehicles (EVs) in Europe will be on...

BYD Secures Fifth Spot in Global Auto Sales for July, Eyes International Expansion Amid Positive Outlook

In July 2023, global car sales faced a noticeable downturn, with 5.44 million vehicles rolling off the lot across 37 key markets—a 10% dip...

Commercial EV Market Projected to Surpass US$680 Billion by 2027

Deploying Electric or Zero-Emission vehicles (ZEV) is a growing trend among fleets across different industry verticals. These vehicles might be considered commercial by type...

EVs could dominate the market only seven years from now

Yale University Transportation accounts for roughly one-third of U.S. greenhouse gas emissions, and adoption of electric vehicles are seen by many experts in government and...

Global New Energy Vehicle Sales Reach 2.656 Million Units in Q1, Tesla Reclaim Market Share

TrendForce reports the total sales of New Energy Vehicles (NEVs)—comprising BEVs, PHEVs, and FCVs—reached 2.656 million units in the first quarter of 2023, marking...

China’s Electric Vehicle and Lithium Battery Exports See Impressive Performance

The General Administration of Customs of China reported that the export of electric vehicles, lithium batteries, and solar cells reached 264.69 billion yuan ($38...

US Sales of Used Electric Vehicles Increase by 32% in Q1

According to data assembled by Cox Automotive the market for used electric vehicles (EVs) in the U.S. is beginning to accelerate rapidly as more...

Fitch expects China’s NEV sales to maintain strong growth, while ICE vehicle sales to decline

Fitch expects sales of passenger NEVs in China to grow by more than 30 percent in 2023, while ICE vehicles will decline by the...

2022 UK car production down but EV output surges to new record

Annual UK car production falls -9.8% to 775,014 units in 2022 as global chip shortages and structural changes depress output. Record levels of electrified vehicle...

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