EV sales have not fallen, cooled, slowed or slumped. Stop lying in headlines.

[Think. Again.]

Jameson Dow | Sep 10 2024 - 5:00 am PT
Original Source: https://electrek.co/2024/09/10/ev-sales-have-not-fallen-cooled-slowed-or-slumped-stop-lying-in-headlines/

EV sales continue to rise, but the last year of headlines falsely stating otherwise would leave you thinking they haven’t. After about full year of these lies, it would be nice for journalists to stop pushing this false narrative that they could find the truth behind by simply looking up a single number for once.

Here’s what’s actually happening: Over the course of the last year or so, sales of battery electric vehicles, while continuing to grow, have posted lower year-over-year percentage growth rates than they had in previous years.

This alone is not particularly remarkable – it is inevitable that any growing product or category will show slower percentage growth rates as sales rise, particularly one that has been growing at such a fast rate for so long.

In some recent years, we’ve even seen year-over-year doublings in EV market share (though one of those was 2020->2021, which was anomalous). To expect improvement at that level perpetually would be close to impossible – after 3 years of doubling market share from 2023’s 18% number, EVs would account for more than 100% of the global automotive market, which cannot happen.

-snip-

More at original article: https://electrek.co/2024/09/10/ev-sales-have-not-fallen-cooled-slowed-or-slumped-stop-lying-in-headlines/

[Fiendish Thingy]

1. What is accurate to say is the rate of growth has slowed

Likely due to supply chain issues at first, but now probably due to Toyota’s announcement last year that they expect to launch next gen solid state EV’s in 2026-27.

SS EV’s are expected to have twice the range, and half the weight and charging time of current EV’s.

If true, it will be a game changer, and could put Tesla out of business.

[Think. Again.]

2. Here's a recent article on SS EV's...

Mercedes, Factorial unveil new all-solid-state battery that can extend EV range by up to 80%

https://electrek.co/2024/09/10/mercedes-getting-new-ultra-efficient-all-solid-state-ev-batteries/

[Fiendish Thingy]

3. I think some folks are waiting on the sidelines for the launch of SS EV's. Nt

[Think. Again.]

4. Yep, it's an infant industry...

It took a few decades for gas cars to catch on too.

Edit to add;

And we're STILL improving gas cars after all these years.

[CoopersDad]

5. I'm on my fourth electric: 1 hybrid, 1 PHEV, and 2 EVs

With a home charger it's painless to keep the car charged.

There's no sign around here of an easing up in sales.