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I revealed earlier in the present day concerning the prime promoting electrical car fashions in California. For an intensive exploration into these, see that article. Beneath I’m taking a broader look and inspecting auto model gross sales and the EV share of the general market.
To kick off, it’s actually extremely notable that 22.2% of California auto gross sales within the first three quarters of the 12 months had been pure electrical automobiles (BEVs/EVs). That’s far, far above the 7.9% share EVs had of the broader US auto market in the identical time interval. (And if you happen to eliminated California from that broader market, the share would clearly be a lot decrease.) Then the third huge proportion there’s exhibiting that just about one third of US EV gross sales are occurring in California.
Trying on the tendencies throughout the previous a number of years (first graph) and a number of other quarters (second graph), we are able to see that EV market share continues to be climbing up step by step within the Golden State. Hybrid gross sales have been following the same development, whereas plugin hybrid gross sales have mainly flatlined.
EV gross sales had been as much as a report 23.7% of California auto gross sales within the third quarter. And throughout the primary three quarters of the 12 months, the state can also be at a report excessive, the aforementioned 22.2%
There’s a pie chart of the place the state stands in 2024 if you happen to favor pie charts.
Taking a look at total auto model gross sales, Tesla is holding its place in 2nd place. Although, it acquired nearer to Toyota within the third quarter, a superb signal. Nevertheless …
If we evaluate Tesla’s gross sales development 12 months over 12 months in California, it’s not an awesome look. Tesla gross sales had been down barely within the third quarter of 2024 in comparison with the third quarter of 2023. Trying throughout the primary three quarters of the 12 months mixed, the drop is notably greater. We’ll have to attend to see what occurs in coming quarters.
Right here’s one other method of taking a look at that, from the California New Automotive Sellers Affiliation (CNCDA). Tesla gross sales are down 12% within the state throughout the primary 9 months of the 12 months, one of many worst tendencies within the state.
So, total, EV gross sales tendencies in California are good, however not nice. EV gross sales and EV market share proceed to develop, however not at a really excessive tempo in the meanwhile. And Tesla gross sales are clearly a giant a part of the market’s EV gross sales and they’re down. What ought to we count on within the 4th quarter and in 2025? Any concepts?
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