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These EV-bait articles are ridiculous. The data tells the opposite story. Quarter, total registrations that quarter, percentage of cars sold that are EVs.

These EV-bait articles are ridiculous. The data tells the opposite story. Quarter, total registrations that quarter, percentage of cars sold that are EVs. 4Q22, 1Q23, 2Q23, 3Q23, 4Q23 76501, 87816, 102991, 100151, 89933 19.0%, 20.5%, 21.8%, 22.3%, 21.1% California EV sales were up significantly in 2023. They had a great 2023 compared to 2022. YoY Q4 23 sales are up almost 20%. Yeah, there's a big absolute drop Q4 23, but it's still up a lot YoY. But a small percentage drop. It's simple, fewer cars were sold by everyone in Q4 2023 regardless of engine. What the article says is that compared to the most amazing sales ever, sales are down a little, but still astronomically better than ever. The sales of almost every model of EV are up astronomically. Raw data available here https://www.cncda.org/news/california-new-car-dealers-association-releases-year-end-2023-auto-outlook-report/ https://www.cncda.org/news/california-new-car-dealers-associ...

dragontamer 3y ago
> Yeah, there's a big absolute drop Q4 23 That's when Tesla Model3 had the biggest declines in price though... and Tesla ModelY had plenty of price drops throughout 2023. If EVs are selling less, despite huge declines in price, is that not worrisome? --------- We can also look at the used-price: https://www.cargurus.com/research/price-trends/Tesla-Model-3-d2475?entityIds=Index,d2475&startDate=1672549200000&endDate=1708405199999 https://www.cargurus.com/research/price-trends/Tesla-Model-3... Used is important for people who plan to sell their vehicles later. If your car declines from $50k to $45k over a few years of use, you feel good. But if your car declines from $65k to $35k after a few years of use, you don't feel near as good.
- burnerthrow008 3y ago
  It's also after the Model 3 refresh was released in Europe and before it was available in the US. Probably just a bunch of people waiting a couple months so they could get the new version.
- light_hue_1 3y ago
  They aren't selling less YoY, they're selling more. And as a percentage of all cars they're selling a lot more. Car sales are down all around. https://www.nytimes.com/2024/01/03/business/economy/auto-sales-general-motors.html https://www.nytimes.com/2024/01/03/business/economy/auto-sal... No car retains its value well, but for a long time the Model 3 retained more of its value than any other mainstream car. That's eroding now because prices are lower and the subsidy is back. You can't have it both ways. Either we want cheaper cars or we want them to keep their value longer. For one, I'm happy prices are down, it will help with adoption. It's ok that my car is worth less. I don't plan on getting rid of it.

dragontamer 3y ago

> Yeah, there's a big absolute drop Q4 23 That's when Tesla Model3 had the biggest declines in price though... and Tesla ModelY had plenty of price drops throughout 2023. If EVs are selling less, despite huge declines in price, is that not worrisome? --------- We can also look at the used-price: https://www.cargurus.com/research/price-trends/Tesla-Model-3-d2475?entityIds=Index,d2475&startDate=1672549200000&endDate=1708405199999 https://www.cargurus.com/research/price-trends/Tesla-Model-3... Used is important for people who plan to sell their vehicles later. If your car declines from $50k to $45k over a few years of use, you feel good. But if your car declines from $65k to $35k after a few years of use, you don't feel near as good.

burnerthrow008 3y ago
It's also after the Model 3 refresh was released in Europe and before it was available in the US. Probably just a bunch of people waiting a couple months so they could get the new version.
light_hue_1 3y ago
They aren't selling less YoY, they're selling more. And as a percentage of all cars they're selling a lot more. Car sales are down all around. https://www.nytimes.com/2024/01/03/business/economy/auto-sales-general-motors.html https://www.nytimes.com/2024/01/03/business/economy/auto-sal... No car retains its value well, but for a long time the Model 3 retained more of its value than any other mainstream car. That's eroding now because prices are lower and the subsidy is back. You can't have it both ways. Either we want cheaper cars or we want them to keep their value longer. For one, I'm happy prices are down, it will help with adoption. It's ok that my car is worth less. I don't plan on getting rid of it.