#ev adoption

China stays on top

China continues to dominate, with 6.5 million EVs sold year-to-date, accounting for over half of all global EV sales. BEVs are still the top choice, with sales up 40% this year. Plug-in hybrids (PHEVs) didn’t fare as well, with domestic sales down 15% month-over-month and 10% year-over-year.

Even though Chinese EV sales dropped 13% in July from June, EVs made up over 50% of all passenger car sales for the third month in a row. The government is helping keep momentum going with another round of Q3 funding for its EV trade-in scheme, and a final 2025 round is expected in October.

Europe’s EV momentum is speeding up

Europe saw a 30% year-to-date jump in EV sales, reaching 2.3 million units. Germany and the UK are leading the pack – Germany’s up 43%, and the UK is up 32%. But France posted just a 9% year-over-year gain in July and is still down 11% for the year(..)

P.S. America no longer matters in the global auto market, because no one else can afford uneconomical gas guzzlers...In Europe and China, almost all gasoline and diesel are badly overpriced imports. From a strategic security perspective, both China and Europe need to reduce their dependence on fossil fuel imports. Electric cars, renewable energy sources and nuclear power are good tools to reduce import dependence.

So, in fact, the adoption of electric cars is one of the instruments of strategic security and true energy independence.

The U.S. Department of Treasury’s gift to electric-vehicle shoppers (and global automakers) for the new year was to make many more EVs and plug-in hybrids eligible for the federal tax subsidy of up to $7,500 — including vehicles built outside North America — as long as drivers lease them or buy used rather than buy new.

EV credits and [rules] took effect Jan. 1.

One category extends the former credit of up to $7,500 for consumers buying new EVs and PHEVs, but it puts new limits on vehicle price and buyer income and will soon add requirements for the sourcing of EV batteries and materials. Additionally, since August [2022], it has required that the vehicles be assembled in North America.

A second is a new credit of up to $4,000 for buyers of used EVs.

A third is a “commercial” credit for businesses acquiring EVs. It offers up to $7,500 for light-duty vehicles (under 14,000 pounds) and up to $40,000 for heavier vehicles. Significantly, the commercial credit does not have the origin, price or other restrictions of the credit for consumer buyers.

On top of all that, the Department of Treasury guidance released at the end of December allows the less restrictive commercial credit to also apply to vehicles leased by consumers; that means most plug-in and fuel-cell EVs currently on the market can qualify, including those built in Europe or Asia. The credit goes to the leasing company — the vehicle owner — but it can be passed to the consumer in the form of lower lease payments.

The new federal rules do not affect state and local subsidies available for EV buyers [which may be able to get you even more savings].

BYD Seal Winter Range & SOC Estimate Accuracy Test (Highway Drive, Cold Temp)

Game Changer! How BYD's $8000 EV Conquered the World (1 Million Sold!)

BYD’s groundbreaking $8,000 electric car is taking the world by storm, with over 1 million units sold globally, redefining what affordable EVs can achieve. In this video, we explore how BYD’s low-cost Seagull EV is dominating markets, disrupting global EV pricing, and challenging giants like Tesla, Volkswagen, and Toyota. Discover the specs, range, features, and strategy behind the most successful budget electric vehicle ever made — and how it's reshaping the future of electric mobility worldwide(..)

Like a rogue elephant, Elon Musk is stomping around, braying like a demented jackass, and embracing authoritarian tropes. Perhaps his worst offense was giving what appeared to be a Nazi salute at the recent inauguration of the so-called president of the United States. That one act incensed a wide number of current and potential customers, particularly in Europe, where sales of Tesla automobiles have plummeted since the ketamine addict who is the world’s richest person endorsed the neo-Nazi party.

Musk pooh-poohs his ketamine usage, but for the uninitiated, here is how the DEA describes the drug: “Ketamine produces hallucinations. It distorts perceptions of sight and sound and makes the user feel disconnected and not in control. Ketamine may cause unwanted side effects such as: agitation, depression, cognitive difficulties, unconsciousness, and amnesia. Involuntarily rapid eye movement, dilated pupils, salivation, tear secretions, and stiffening of the muscles, possible nausea.” This person should be nowhere near sensitive information and yet he has been handed the keys to the federal government by the clown posing as the president and told to dismantle it as rapidly as possible. His unhinged behavior is having a strong negative effect on the company he is too busy to run.

P.S. Americans love love "alternative" facts! So, you will receive real alternative fact: Tesla DOES NOT have the "long range EV" monopoly anymore and the passion for FSD is not so attractive to Europe, because we like to control the processes ourselves and not have a robot command us!!!

Currently, Tesla is easily replaced by electric cars produced in Europe, South Korea and China, which are also much more practical and cheaper than Tesla...

May 22 (Reuters) - Chinese automaker BYD sold more electric vehicles in Europe than Tesla for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker's cars.

BYD, which also makes plug-in hybrid vehicles, registered 7,231 battery-powered electric vehicles (BEV) in Europe in April, while Tesla registered 7,165 units, the market research firm said(..)

Demand for electric vehicles in Europe remains steady. BEV registrations surged 28% in April from last year, largely driven by Chinese car brands(..)