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Fully-electric vehicles (BEVs) were 8.1% of all U.S. light vehicle sales in 2024. EV sales were up 15% year-over-year. The CEO is worried about how hostile the
by slashdev 2y ago
Fully-electric vehicles (BEVs) were 8.1% of all U.S. light vehicle sales in 2024. EV sales were up 15% year-over-year.
The CEO is worried about how hostile the U.S. market might be for Chinese companies, not about low demand.
- adrr 2y agoChina hit 50% of all new cars sold last summer. Mexico 8.2% of their cars were EVs last year and had 70% growth. US doesn't have an EV market, once the EV credits get pulled, bottom is going to fall out.
- slashdev 2y agoIn 2024, battery electric vehicles (BEVs) made up 25% of new car sales in China (to compare apples to apples.) That's a lot more than the US, but that's not the point. 8% is plenty large enough to be sizable market. EV credits going away will dampen that, but that will also be partly or even fully offset just by how fast that segment is growing.