EV Sales hit Speed Bump as Drivers Unplug from the Electric Dream
Registrations of battery electric vehicles (BEV) continue to fall in the European continent, as sales growth slows in the US and British manufacturing of the wheeled machines declines sharply. The EV revolution is showing early signs of running out of…
Global EV And PHEV Sales Jump 21% In July But Fall In Europe
It’s no secret that the growth of the EV sector cooled through the first few months of the year, but according to market research firm Rho Motion, they have rebounded strongly, and alongside PHEVs, sales jumped by 21% in July…
European EV Sales Growth Slows to Just 1% in H1 2024
For the first six months of 2024, 1.5 million electric vehicles were sold in Europe (including EU, UK, and EFTA), an increase of just 1% from a year earlier, making it the slowest region for growth. Globally, EV sales were…
Volvo Cars’ Global Sales up 6 Per cent in July
Volvo Cars reported global sales of 57,447 cars in July, up 6 per cent compared to the same period last year. The sales increase was primarily driven by the strong sales of our fully electric cars in Europe. The company’s…
EV Sales Growth Stalls in Europe
Europe is supposed to fully switch to electric vehicles in little over a decade but sales growth of the climate-friendly vehicles stalled in the first half of the year, data showed recently. Instead, data from the European Automobile Manufacturers’ Association…
SK On Faces Emergency With Sluggish EV Sales
South Korean EV battery manufacturer SK On is grappling with a critical situation due to weak electric vehicle sales in Europe and the United States. In response to these challenges, CEO Lee Seok-hee has made and outlined plans for significant…
EV Maker Lucid Beats Quarterly Deliveries Estimates Helped by Price Cuts
Lucid Group (LCID.O), opens new tab reported second-quarter deliveries above market expectations on Monday, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at a slower-than-expected pace in the past year, pressured…
PEUGEOT TOPS UK ELECTRIC VAN SALES
PEUGEOT’S share of the electric light commercial vehicle (e-LCV) market increased to 16.7% year-to-date, an increase of 2.7% compared with the same period in 2023. PEUGEOT’s e-LCV sales volume has also increased by 12%, with 1,480 e-LCVs sold year-to-date. In…
Volvo’s U.S. PHEV Sales Outsold EVs By A Ratio Of 9 To 1 In Q2 2024
Volvo Cars USA reported that in June, its car sales in the U.S. decreased by 28% year-over-year to 9,304. The company explained that the results were impacted by “third-party IT-related disturbances that affected retailers across the industry.” Volvo’s plug-in car…
Renault Trucks Begins Electric Truck Sales Outside Europe
The Chilean transport company Trailer Logistics has purchased the electric trucks, which now drive on behalf of CCU, a brewery company that belongs to Heineken and the Quiñenco Group. The new Trucks E-Tech D Wide electric trucks from Renault are…
