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I printed earlier at the moment in regards to the top selling electric vehicle models in California. For a radical exploration into these, see that article. Under I’m taking a broader look and analyzing auto model gross sales and the EV share of the general market.
To kick off, it’s definitely extremely notable that 22.2% of California auto gross sales within the first three quarters of the yr have 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 when you eliminated California from that broader market, the proportion would clearly be a lot decrease.) Then the third huge share there’s exhibiting that nearly one third of US EV gross sales are taking place in California.
Trying on the developments throughout the previous a number of years (first graph) and several other quarters (second graph), we are able to see that EV market share continues to be climbing up progressively within the Golden State. Hybrid gross sales have been following the same pattern, whereas plugin hybrid gross sales have mainly flatlined.
EV gross sales have been as much as a document 23.7% of California auto gross sales within the third quarter. And throughout the primary three quarters of the yr, the state can also be at a document excessive, the aforementioned 22.2%
There’s a pie chart of the place the state stands in 2024 when you want pie charts.
Taking a look at general auto model gross sales, Tesla is holding its place in 2nd place. Although, it bought nearer to Toyota within the third quarter, a very good signal. Nonetheless …
If we examine Tesla’s gross sales pattern yr over yr in California, it’s not an important look. Tesla gross sales have 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 yr mixed, the drop is notably greater. We’ll have to attend to see what occurs in coming quarters.
Right here’s one other means of that, from the California New Automobile Sellers Affiliation (CNCDA). Tesla gross sales are down 12% within the state throughout the primary 9 months of the yr, one of many worst developments within the state.
So, general, EV gross sales developments 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 intervening time. And Tesla gross sales are clearly an enormous 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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