EV SALES ARE UP GLOBALLY - HERE'S ALL THE FACTS

EV Channels Review

This episode of the Out of Spec Podcast provides a data-driven analysis of global EV sales, debunking the notion that sales are declining. Host Francie presents compelling figures showing a global 20% increase in EV sales for the first half of 2024 compared to the previous year. While China leads with a significant 31% surge, North America and Europe show more modest, yet positive, growth of around 5% and 4% respectively. The podcast attributes slower growth in Western markets to factors like reduced government incentives and persistent hurdles such as higher prices and limited charging infrastructure. The episode highlights Tesla's continued dominance in the US market, with over 100,000 Model Ys sold in Q2 2024, alongside strong performances from other manufacturers like Ford, Hyundai, and Kia. It also delves into state-level registration data, with California, Florida, and Texas leading the pack. The discussion touches upon the impact of federal tax incentives for new and used EVs, detailing eligibility requirements and price caps. Finally, the International Energy Agency's data is presented, reinforcing the global upward trend and the concentration of sales in key markets. The episode concludes that while growth rates may vary regionally, the overall trajectory for EV sales remains positive.