Tag: electric vehicle sales

  • US EV Demand Strong Despite Uncertain Future of Federal Incentives

    US EV Demand Strong Despite Uncertain Future of Federal Incentives

    Key Takeaways

    1. Steady Interest: About 24% of car buyers are “very likely” to choose an EV, with another 35% “somewhat likely,” indicating 60% overall interest in electric cars despite low sales figures.

    2. Limited Sales: EVs accounted for only 7.5% of total vehicle sales in the US during Q1 2025, showing a gap between interest and actual purchases.

    3. Growing Options: An increasing variety of electric models from both traditional and new manufacturers is enhancing consumer interest and choice.

    4. Demographic Variations: Interest in EVs is higher among younger buyers and those in coastal, Democrat-leaning states, suggesting demographic influences on adoption rates.

    5. Uncertain Government Support: Proposed changes to EV tax credits may impact consumer decisions and the overall growth of the electric vehicle market.

    Americans still desire their electric vehicles (EVs) even though there is uncertainty about the country’s leading auto incentive. Data collected by J.D. Power shows that the interest in electric cars has remained steady compared to the previous year.

    Interest Levels in EVs

    The survey found that 24 percent of those looking to buy a car are “very likely” to choose an EV, while around 35 percent consider themselves “somewhat likely” to make the switch. Both figures, which haven’t changed much since 2024, indicate that about 60 percent of Americans are thinking about driving electric cars. Nevertheless, it’s important to recognize that the reality of car buying is different, as EVs represented just 7.5 percent of all vehicle sales in the US during the first quarter of 2025.

    A Wide Variety of Choices

    The increasing number of options is one reason for the ongoing allure of EVs. Today’s car buyers can choose from a broad and growing selection of electric models, ranging from traditional manufacturers to new companies that offer appealing discounts, including on leasing agreements.

    Brent Gruber, the executive director of the research firm, mentioned, “As more EV options hit the market, this should be a positive signal for automakers because it provides them with a chance to establish a presence and attract buyers from other brands.”

    Demographics and Government Support

    Consumers interested in EVs consider products from both mass-market and premium brands, showing an opportunity for brands to attract interest from shoppers who might not have considered them before.

    At the same time, government backing for electric mobility remains uncertain. The current administration has made its views on pro-EV policies clear, with a new bill proposing to eliminate EV tax credits.

    J.D. Power’s survey also highlights the variations in EV adoption among different demographic groups. Buyers from coastal areas and Democrat-leaning states show a greater tendency to choose electric cars, while younger car owners are more inclined toward e-mobility.

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  • BYD Tops Tesla Sales in Europe as Vet Crushes Model 3 with Tank

    BYD Tops Tesla Sales in Europe as Vet Crushes Model 3 with Tank

    Key Takeaways

    1. Tesla’s deliveries in Europe have significantly declined, with a 46% drop in Germany and 62% in the UK compared to last year.
    2. Despite overall electric vehicle sales rising by 28% in Europe, Tesla’s market share has fallen, even in strong markets like Norway.
    3. BYD has experienced remarkable growth, with a 750% increase in sales in Germany and over 300% in the UK, surpassing Tesla for two consecutive quarters.
    4. Consumer perception of Tesla is changing, as BYD’s sales figures nearly match Tesla’s in the UK, signaling a shift in preference.
    5. A unique stunt involving a WWII veteran driving a tank over a Tesla Model 3 highlights the declining brand image and market position of Tesla.

    The forecast that BYD will outsell Tesla in electric cars this year appears to be becoming a reality.

    Declining Tesla Shipments

    In Europe, Tesla’s deliveries have hit a several-year low, particularly in key markets like Germany and the UK, even as overall electric vehicle sales are booming. In the first quarter, Tesla attributed this trend to seasonal factors and suggested that demand might be delayed due to the staggered release of their new Model Y and necessary factory shutdowns for updates.

    Now, with Tesla’s sales dropping by 46% in Germany compared to last April and a staggering 62% decline in the UK, that reasoning seems to be losing credibility. Sweden experienced an 80% fall in Tesla sales, France saw a 59% drop, and Spain faced a 36% decrease. Even in Norway, a stronghold for electric vehicles in Europe, Tesla’s share has fallen from 18% to 11%.

    BYD’s Remarkable Growth

    This decline occurs alongside a 28% rise in EV sales across Europe, with VW and BYD making notable gains. BYD’s sales in Germany skyrocketed by 750% compared to last April, despite facing a 10% general import tariff and a 17% specific tariff imposed by the EU. BYD has now surpassed Tesla in electric car sales for two consecutive quarters and is on track to potentially achieve its first full year as the leading electric car manufacturer globally by 2025.

    In the UK, BYD achieved an impressive over 300% increase in sales year-on-year last month, nearly matching Tesla’s sales figures, indicating a significant change in consumer perception of the Tesla brand.

    A Unique Stunt

    To emphasize this shift, a 98-year-old WWII veteran drove a Sherman tank over a Tesla Model 3. The spectacle involved the tank crushing the Tesla’s windshield, flattening its roof and pillars while climbing over the vehicle.

    Interestingly, the Model 3 didn’t end up entirely destroyed by the 30-ton war machine, but it was amusingly converted into a convertible, if only for a brief moment during the tank’s passage.

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