The electric vehicle (EV) market is experiencing significant growth and reshaping economies globally. BMW and Volvo reported boosted earnings from EV sales, with BMW's revenue reaching $40.9 billion and Volvo seeing a 29% jump in EV sales and 10% overall sales growth in October. Southeast Asia's EV industry is growing, overcoming high upfront costs with leasing and government support. The Biden administration aims for 50% of new car sales to be EVs by 2030, supported by state and federal rebates. Despite challenges, the EV market is projected to reach $57 trillion by mid-century, with record-setting EV sales in the USA. However, there are concerns about slowing EV demand in the US and the potential dominance of Chinese EV makers in the global market.
The EV sector outside of China, is in serious trouble in 2024. As demand for EVs plummets in the U.S. competition ramps up in the rest of the world. $TSLA #Tesla #TSLA The narrative that Tesla is a tech company is going to fade hard. Tesla is not a tech company. https://t.co/GKB2H1sOv4
Japanese automakers Nissan and Honda said they expect higher profits this year than previously estimated, but that outlook is negated by the challenges they face in China, where foreign brands face the rise of domestic rivals https://t.co/K78VqEaXc4 https://t.co/haFDlSJmW8
Japanese automakers Nissan and Honda said they expect higher profits this year than previously estimated, but that outlook is negated by the challenges they face in China, where foreign brands face the rise of domestic rivals https://t.co/befH771iVM https://t.co/DZVOlBJ0OA
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/RjYIX0MJuK
🔸BIDEN: I WILL NOT LET CHINA DOMINATE THE ELECTRIC VEHICLE MARKET
The global EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read The Big Take ⬇️ https://t.co/gubJRqLdOM
Nissan and Honda said they expect higher profits this year than previously forecast, a sign of how Japan's automakers are seeing some benefit from a weak yen currency and a recovery in sales Read more: https://t.co/K78VqEaXc4 https://t.co/rIL8FBRSYN
Nissan and Honda said they expect higher profits this year than previously forecast, a sign of how Japan's automakers are seeing some benefit from a weak yen currency and a recovery in sales https://t.co/befH771iVM https://t.co/TU6CzhFxGH
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/dscIkVSbwo
🔸VOLKSWAGEN LOOKING AT BRINGING UNDER-$35,000 EV TO US MARKET IN 3-4 YEARS - SENIOR EXECUTIVE 🔸VW PLANS IS TO BUILD UNDER-$35,000 EV IN US OR MEXICO - REINHARD FISCHER
Which is it, already – is US EV demand slowing or growing? https://t.co/9qU2uKm3JU by @michelle0728
VW and Stellantis are betting two of China's middling EV makers can help improve their fortunes in the world's biggest auto market https://t.co/qQJ4ai0Zqr
Struggling to compete with homegrown electric-vehicle makers in China, Japanese automakers are looking at whether to cut their losses and focus resources on warding off Chinese rivals in other stronghold markets. @riverakiradavis https://t.co/QEjosIvALI
With trillions at stake, countries around the world are fighting to participate in the booming market for electric cars https://t.co/8aojrMwJQs
The global EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read The Big Take ⬇️ https://t.co/FexQIiTxpU
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/qznnQBTAIH
The global EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read The Big Take ⬇️ https://t.co/wGteZlFfWE
You might not notice or live in a place where electric vehicles are growing, but around the world the industry projected to reach $57 trillion is digging in and stirring up changes. Bloomberg found dynamic examples in Mexico, Hungary, Thailand, South Africa and Canada 🧵 https://t.co/Zn9Oc3aLaj
The $35K Volvo EX30 sets the bar high for affordable EVs https://t.co/DJU5inBYCi
The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read The Big Take ⬇️ https://t.co/8RIoIDNvFi
EV sales will grow 50% in the United States this year, down from 75% the year before. That’s what they’re talking about when they say slowing EV demand. 50% growth instead of 75%. Still the fastest growing segment by far.
The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way https://t.co/znUJr8MgQo Crazy dreamers; you will never get there. Too expensive, and wars will interfere.
Caixin Explains: Chinese EV-makers’ European business has ballooned in recent years as demand for all things green sky-rocketed. But for some in the EU, China’s automakers have been doing too well. https://t.co/xsEHUYMJMn
"EV Makers Turn to Discounts to Combat Waning Demand" https://t.co/zR7499rkSp "I think there was a miscalculation about demand and how much EVs would be coveted" "Is it sustainable forever? Absolutely not. They’re going to have to find a way to make these things cheaper" https://t.co/k58L3VBOuP
China will own the industry if the US continues is slavish devotion to “EVs as the future model.” Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50% | AP News https://t.co/PhYQ5d9g08
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/w9aD2Su9Rc
Evidence is piling up that electric vehicles are driven much less than gas-powered models, which could sap the tech's power against climate change if the trend continues. https://t.co/pnTSfpOgno
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/OWTx8RysAw
What's really going on with the electric car market? https://t.co/jukXpYYAgn
“Reality check: Despite the doom and gloom, EV sales are growing faster than any other segment in the U.S. — and are on track to surpass 1 million annually for the first time this year” — Axios
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/7TgavojkGb
Having charged up in their massive home market, Chinese electric-vehicle-battery firms are becoming major export players, too. The West’s efforts to protect its own markets might prove too little, too late. @jackycwong https://t.co/ie9u08bESd
NEW: The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way. Read the Big Take⬇️ https://t.co/qvwbr8qQiG
The Biden administration is shooting for 50% of all new car sales to be electric vehicles by 2030. Thanks to generous state and federal on-the-spot rebates, local dealers are gearing up for a sales boom. https://t.co/GZIPJ4GOd3
The EV market is racing toward $57 trillion by mid-century, reshaping entire economies and creating new flashpoints along the way https://t.co/vgHtYJMRUn
Why dealers say EV sales have slowed https://t.co/S8EgekKhgq
EV sales in the third quarter of 2023 achieved record-setting levels in the USA, surpassing the 300,000 quarterly sales level for the first time with a total of 313,086 all-electric vehicles sold according to Cox Automotive, a 48.9% surge year-over-year.
Why dealers say EV sales have slowed https://t.co/YCqR25oKro
Fastest Volvo Ever Is an Electric Bargain: 2024 Volvo EX30 First Drive Review https://t.co/0NEFw1du3x
Electric car sales continue to falter: Demand last month dwindled and manufacturers risk falling short of costly EV targets https://t.co/JX7W0HutgK https://t.co/MtjjHBPy2l
Electric car sales continue to falter: Demand last month dwindled and manufacturers risk falling short of costly EV targets https://t.co/ptkOGXHkII https://t.co/AIHuEZGHOm
#Volvo's EX30 is attractive, innovative, boasts plenty of range, and just happens to be one of least expensive EVs available. https://t.co/pubex4r3Aa
Driving the Volvo EX30, a $36K EV that prioritizes sustainability https://t.co/REpW3hgkVx
Volvo EX30 first drive: Charming and eco-friendly with power to spare https://t.co/aFQCdYovKW https://t.co/MycGqpGAsG
Volvo EX30 first drive: this tiny, inexpensive electric SUV is also Volvo's quickest car, ever https://t.co/DJU5inBYCi by @llsethj
Volvo is on a roll with another round of impressive EV sales https://t.co/k91ad0O3Bu
“They are designing, engineering, and manufacturing globally competitive vehicles. That should scare the shit out of every foreign automaker because no one can touch a $15,000 EV and be profitable. No one, not even Tesla.” How BYD snatched Tesla's crown https://t.co/ZcP1G0lMle
The Biden administration is shooting for 50% of all new car sales to be electric vehicles by 2030. Thanks to generous state and federal on-the-spot rebates, local dealers are gearing up for a sales boom. https://t.co/At9zPx6n4P
EVs are the future of the auto industry. Here's how China's car companies built such a big lead https://t.co/CZoLNEYlqB
EVs are the future of the auto industry. Here's how China's car companies built such a big lead https://t.co/GFR1YPe8O6
🚗⚡️ Southeast Asia's electric vehicle (EV) industry is buzzing! 💰 Overcoming high upfront costs is a challenge. Leasing and government support are growing. Funding in the sector is increasing too. https://t.co/bR8WJeJMuh
BMW and Volvo reported that EV sales have boosted their earnings. Premium and electric vehicles boosted BMW’s revenue to $40.9 billion, while Volvo reported an EV sales jump of 29% and an overall sales growth of 10% in October from last year Read more: https://t.co/hHPS4XhBGU https://t.co/CXwDyBlni3
BMW and Volvo reported that EV sales have boosted their earnings. Premium and electric vehicles boosted BMW’s revenue to $40.9 billion, while Volvo reported an EV sales jump of 29% and an overall sales growth of 10% in October from a year earlier https://t.co/CpUt1SNldM https://t.co/6J3zExQojJ
What’s going on with electric vehicles? Why automakers are scaling back their green ambitions @dee_bosa https://t.co/pXty7X9CQB