EVSales

Australia Unveils Initiatives to Boost Electric Vehicle Sales Amid Declining Market

4 days ago

In an effort to revitalize its struggling electric vehicle (EV) market, Australia has announced a new funding program aimed at providing affordable loans for consumers looking to purchase electric cars. This initiative comes at a time when EV sales in the country have experienced a significant slump, raising concerns over Australia's ability to keep pace with global EV trends.

Sweden Struggles to Keep Pace with EV Surge in Scandinavian Car Sales

12 days ago

In a landscape rapidly transforming due to the electric vehicle (EV) revolution, Sweden finds itself lagging behind its Scandinavian neighbors in the realm of car sales, particularly with regard to electric vehicles. Despite a strong push towards sustainability, Norway and Denmark have surged ahead, marking significant increases in EV adoption, while Sweden’s growth in this sector appears to be stalling.

Electric Vehicle Revolution: A Quarter of All New Cars Sold in the UK Are Electric!

18 days ago

In a significant milestone for the automotive industry, November 2024 saw electric vehicles (EVs) account for a striking 25% of all new car sales in the United Kingdom. According to newly released statistics, this marks the first time that one in four vehicles sold during a single month has been electric, underscoring the rapid shift towards sustainable transportation.

Concerns Over 2024 Election Cast a Shadow on U.S. Electric Vehicle Sales

2 months ago

The electric vehicle (EV) market in the United States has hit a significant snag, as sales data reveals a worrying trend linked to uncertainties surrounding the upcoming 2024 presidential election. Analysts are reporting that potential changes to EV tax credits, which could be influenced by the election outcome, are causing hesitation among consumers and manufacturers alike.

Renault and Stellantis Anticipate Surge in Electric Vehicle Sales Amid Price Cuts

2 months ago

Renault and Stellantis, two major players in the automotive industry, are optimistic about a resurgence in electric vehicle (EV) sales as a result of recent price reductions on their models. This promising outlook comes in the wake of a challenging year for EV manufacturers, marked by rising costs and shifting consumer preferences.

LG Energy's Profits Take a Hit Amid Global EV Sales Decline

2 months ago

In a recent financial disclosure, LG Energy Solution, a prominent player in the battery manufacturing sector, has witnessed a significant drop in profits due to declining global electric vehicle (EV) sales. This downturn reflects broader challenges within the EV market, which has faced various hurdles in recent times.

UK Electric Vehicle Market Surges with $2 Billion Carmaker Discounts

3 months ago

Five large carmakers have just announced a $2 billion wide-sweep in cuts for electric vehicles that is set to change the automobile market landscape in the United Kingdom. It's a strategic move made to invigorate sales and put UK car manufacturers at the behest of ambitious environmental targets set by the UK government.

Chinese EV Sales in Europe Plummet to Lowest Levels in Over a Year

3 months ago

According to recent industry data, sales of electric vehicles from Chinese manufacturers BYD and SAIC have dropped to their lowest in more than a year in the European market. The precipitous fall in sales constitutes a severe setback for China's aspirations to dominate the global electric vehicle market, particularly in Europe, where local players draw their levers ever tighter.

Electric Car Slowdown: Why EV Sales Are Struggling

3 months ago

The hitherto high-flying electric vehicle market has been rather unexpectedly tanking lately. Although the climate crisis would theoretically mount pressure on industry players to shift towards greener alternatives, the sales of late reflect a notable slump in electric car purchases globally. Some worrisome trends have started to raise the most relevant questions about the future of electric mobility.