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Jesse D. Jenkins
@JesseJenkins
Uh oh. Don't tell the "EV sales have stalled" folks, but August saw a set of new records in the US: -Most plug-in vehicles sold (145k) -Most battery electric vehicles sold (121k) -Highest battery electric (8.6%) and plug-in vehicle sales shares (10.2%) Hybrids are also growing ALONGSIDE plug-in vehicles, setting record sales volume (148k) & market share (12.1%) too. Sounds to me like it's actually internal combustion vehicle sales that have stalled... 🤔
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Jesse D. Jenkins
@JesseJenkins
Monthly sales are noisy. Even quarter to quarter can be. There's a lot of over-reporting on these short-term trends in EV sales. If we zoom out, do we really see electric vehicle sales slowing? Total sales dont seem to be slowing (1st derivative of trend is +). Is sales GROWTH
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Jesse D. Jenkins
@JesseJenkins
Correction: hybrid sales share in August was 10.4% not 12.1%. 12.1% is the combined share of hybrid and plug-in hybrid EVs. To clarify, here's all the various sales shares: Battery EVs: 8.6% Plug-in hybrid EVs: 1.7% All plug-ins (BEVs & PHEVs): 10.2% Hybrid ICEs: 10.4% All
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Dr. Susan Conard
@sgconard
Terminology seems confusing to me. There are battery electric (BEV- no ICE), plug in hybrids (PEV - with ICE and rechargeable battery that goes say 35-50 mi) and traditional hybrids (battery plus ICE- charge from ICE, regen braking). Not sure which is which in your description.
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Sean O'Shea
@sosheatwit
For clarity "plug-in vehicle" should read "plug-in hybrid" per the chart. Technically if you add plug-in hybrids back to internal combustion numbers (because they have an IC engine) then the sales of internal combustion engines per se isn't in such a decline. But all good.
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Jesse D. Jenkins
@JesseJenkins
There's several ways to group plug in hybrids and hybrids. Here's a few: x.com/JesseJenkins/s In this chart, Plug-in Vehicles refers to battery EVs and plug-in hybrid electric vehicles. ICE is conventional/pure ICE vehicles.
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Jesse D. Jenkins
@JesseJenkins
Replying to @JesseJenkins
Correction: hybrid sales share in August was 10.4% not 12.1%. 12.1% is the combined share of hybrid and plug-in hybrid EVs. To clarify, here's all the various sales shares: Battery EVs: 8.6% Plug-in hybrid EVs: 1.7% All plug-ins (BEVs & PHEVs): 10.2% Hybrid ICEs: 10.4% All
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MC Hammond
@mchammo
I wonder if it has to do with those all month long Labor Day sales in August that car dealerships do. That is why I bought my plug-in hybrid last month!
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Jesse D. Jenkins
@JesseJenkins
IDK. August hasn't historically been a standout month for EV sales. But it is generally a strong month for overall auto sales. Maybe as EVs become more mainstream, they're seeing a larger bump from Labor Day deals? We'll see. I'm keen to see how September closes out for Q3...
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Jesse D. Jenkins
@JesseJenkins
Um, no. Tesla was down year on year in H1 2024 while all non-Tesla sales were up double digits. Tesla has had a better Q3 but unclear if it's enough to be up year on year at all.
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Jesse Peltan
@JessePeltan
"Cooking by electricity is done by people who have plenty of money to spend on fads." - The Kinsley Mercury. Fri, Nov 2, 1906
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Pessimists Archive
@PessimistsArc
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"Cooking by electricity is done by people who have plenty of money to spend on fads." - The Kinsley Mercury. Fri, Nov 2, 1906
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JReesy
@JReesyOG
You can’t subsidise demand. Can only subsidise the supply side. People will buy what they want to buy no matter what the price. That is the conundrum facing mass EV adoption.
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Simon 101
@sc101_101
For all the doom and gloom we hear, I hadn't actually realised that the US BEV market was over 8% market share already. Still lower than elsewhere, but given the way people have been talking about it and how it's been used as a divisive political stick, that's pretty damn good.
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Glenne Drover
@GlenneDrover
With the 'only electric range' of the PHEV increasing to 60miles+ (so a great option) is it possible that a large % of the HEV buyers don't have access to a powerpoint (apartments?) or are the HEV quite a bit cheaper than the PHEV? or other...?
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gino enas
@gino_enas
It is totally impossible for Tesla EV sales not to continue its extreme high growth worldwide. They are extremely low cost to maintain or 1/3 ICE cost. They are absolutely far safer, far more dependable, its batteries last well over 200.000 miles, and they last much longer.
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Earthling Energy Imbalance
@polimatt1
Meanwhile, back in thermodynamic reality...
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Peter D Carter
@PCarterClimate
WORLD BURNING MORE FOSSIL THAN EVER- EVEN COAL World fossil fuel consumption record high and increasing No sign of coal decline Insane Suicidal Climate Collapse trend ourworldindata.org/grapher/global #globalwarming #climatechange
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crazy lekiwi
@crazy_lekiwi
If it’s not a BEV then it’s a ICE. All PHEV’s and Hybrids are just ICE with more complexity. Still going to be decades before BEV becomes the dominant vehicles on the roads.
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