European BEV sales in Aug 2024 declined compared to 2023. German sales in particular according to Reuters.
https://www.reuters.com/business/autos-transportation/eu-car-sales-3-year-low-august-ev-sales-down-439-acea-says-2024-09-19/
Comparing first 8 months of 2024 to 2023, it appears hybrid market share grew while BEVs and others declined. Data below from Reuters article.
Model E cannot do the things that Ford Executives want achieved, that’s the reason why
Farley set up the skunkworks in early 2022, to develop affordable BEVs free of Ford’s usual constraints.
The hilarious part of the VW MEB deal is that VW is now cancelling
its own MEB vehicles as failures that don’t sell and cost too much to produce….
Looks like VW is running off to Xpeng for the answer…..
People don’t see it yet but the Chinese government is running a national competition
to find the fittest BEV manufacturers, it’s a gladiatorial battle where the winners will
have the whole Chinese domestic market and can then branch out to exports.
So yeah, the Chinese BEV automakers are already going through their own domestic
torture test, so anything western automakers throw at them will be soft ball in comparison.
Europe and North America are just not ready for the coming onslaught and even with
the threat of 100% tariffs, I’m wondering if the Chinese just do it all at cost simply to
take market share away for European and American automakers like the Japanese
manufacturers did in the 70s and 80s.
This article sheds light on the EV growth in China. It's largely due to suicidal cutthroat competition that will not end well for many Chinese EV manufactures.
https://finance.yahoo.com/news/chinese-ev-makers-face-die-093000537.html