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Old 01-03-2024, 12:28 PM
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Originally Posted by biker1 View Post
I believe it would be correct to say that the rate of increase of EVs sales has declined. The second derivative of sales. The rate of sales, the first derivative, is still increasing. For example, Tesla’s rate of sales increase has declined from 100% increase YoY in 2022 to about 50% increase YoY in 2023. This should not be a surprise as the rate of sales increase will decline with adoption. EVs were about 9% of new car sales in 2023 and will be higher in 2024. There are many new models coming available and virtually all manufacturers are “all in”.
That is true. But Tesla is unique in that they make only EVs. The regular car manufacturers (GM, Ford, Chrysler, etc) are seeing extremely poor sales of their EVs. If you look at the non-Tesla numbers, thing look bleak.