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Transportation China

Global EV Sales Up 30.5% In September (reuters.com) 136

An anonymous reader quotes a report from Reuters: Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday. Gains in the U.S. market have been slow and steady in anticipation of the Nov. 5 election, which makes it difficult to predict future trends in the country, data manager Charles Lester told Reuters. EVs -- whether fully electric (BEV) or plug-in hybrids (PHEVs) -- sold worldwide reached 1.69 million in September, Rho Motion data showed.

Sales in China jumped 47.9% in September and reached 1.12 million vehicles, while in the United States and Canada they were up 4.3% to 0.15 million. In Europe, EV sales rose 4.2% to 0.3 million units, thanks to a 24% jump in the United Kingdom and gains in Italy, Germany and Denmark, Lester said. In the Chinese market, the penetration rate of BEV and PHEV is growing faster than some expected and sales "could be a record every month until the end of the year", Lester said. He added that Germany's 7% year-on-year growth was "definitely positive news", and that intermediate carbon emission reduction goals set in the EU for next year will test the bloc's market.

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Global EV Sales Up 30.5% In September

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  • though it looks like it's back up after the dip. Basically a large sell off when that event flopped and then it stabilized. It's still at half what it was 3 years ago. Though I guess better than it was 6 mo ago when it was half what it is today (or 1/4 the 3 year high).

    Tesla needs to update it tech or it's gonna get it's lunch eating. The Cybertruck has been a disaster and they've run through all the preorders. Turns out you can't just turn a middling SUV into a truck on a whim. They did get a nice sto
    • While the Cybertruck struggles to not short circuit in any amount of water, a Rivian can apparently survive a hurricane induced flood [imgur.com] and go on to deliver supplies.

      • While the Cybertruck struggles to not short circuit in any amount of water, a Rivian can apparently survive a hurricane induced flood [imgur.com] and go on to deliver supplies.

        Rivians have the added benefit of not looking like your truck got stuck cosplaying like it was in a sci-fi movie from 1957.

    • Re: (Score:3, Interesting)

      by AvitarX ( 172628 )

      Tesla is going to struggle until it can get rid of its public perception of being Elon Musk and focus on making profitable EVs that remain an excellent value proposition.

      The fact that Tesla can profitably make EVs that are 10+% less than similar competitors is HUGE for the company, but people seem to be willing to pay the extra to avoid association with Musk.

      The Cyber Truck seems like a miss too. It was revealed in prototype form as something innovative putting function over form. As it went into production

      • The board managed for force Musk to hire a marketing department.

        Well, he hired them, then immediately fired them.

        Tesla *is* Musk. It lives and dies by Musk. There's no getting around that. He has friends on the board of directors and between their shares and his Tesla might as well be a privately owned company. He has controlling interest thanks to his buddy's shares, so none of the usual breaks and safety measures work.

        The only reason his $55bn dollar pay package (more than all the profit Tesla
      • but people seem to be willing to pay the extra to avoid association with Musk.

        What do people have against Musk?

        Seems a pretty successful guy with EVs, space, satellites, etc....?

        • but people seem to be willing to pay the extra to avoid association with Musk.

          What do people have against Musk?

          Seems a pretty successful guy with EVs, space, satellites, etc....?

          Musk is his own worst enemy when it comes to public perception. Right around the time SpaceX started making too much progress for the old guard space companies' comfort, Musk started shoving his foot firmly down his own throat with public statements supporting the far right. I'm sure a lot of the ultra-wealthy, like Bezos and Zuckerberg support those same far-right policies, but they're smart enough to not publicly post/talk about it because they know it would only enflame the left and the media. So, combin

        • by AvitarX ( 172628 )

          He purchased Twitter to make it more biased and worse signal to noise.

          He is loudly political in a way contrary to a large percentage of the potential EV buyers.

          He's implied he needs to out breed his customers to save the world.

          Would I pay extra to buy a car not made by him? No
          But I buy used cars for $15-20k, so it's not so relevant.
          I would pay extra for physical buttons and door handles, but I'm not sure the price delta between a model Y and ioniq 5 is small enough for me.

          The numbers do seem to show the tre

    • Re: (Score:2, Insightful)

      by backslashdot ( 95548 )

      It didn't help that their CEO started hanging out with Nazis and allowed himself to double down on only right wing memes.

      • Sure didn't help, but Tesla remains best-selling in multiple segments. When you get right down to it, you buy a car - not a carmaking executive's opinions. Go around accusing everyone driving a Ford of being complicit in Henry Ford's views and be prepared for blank stares and some chuckles.
    • though it looks like it's back up after the dip. Basically a large sell off when that event flopped and then it stabilized. It's still at half what it was 3 years ago. Though I guess better than it was 6 mo ago when it was half what it is today (or 1/4 the 3 year high).

      Tesla's stock is based on speculative value, and you've presumably seen enough cryptocurrency and meme stock stories to know how that works. That's more the fault of Wall St. living in some fantasy world rather than anything Tesla is doing wrong, though.

      They make $8k per car, which sounds nice until you realize that's with a $7500 gov't subsidy that's on track to go away in a few years.

      Might go away even sooner if Musk gets his presidential endorsement wish granted. It certainly is weird watching a CEO sabotage his company in real time.

      When it does unless Tesla pulls some major tech out of their bums and gets us a sub $30k 4 door EV Sedan they're dead walking.

      You're probably already well familiar with the average selling price of a new vehicle in the USA, so it

  • Big surprise. In China where they are $20k there was a 40% increase. Here where they are $60k the increase was 4%.
    • Re:Big surprise (Score:5, Informative)

      by Powercntrl ( 458442 ) on Tuesday October 15, 2024 @07:02PM (#64867495) Homepage

      Big surprise. In China where they are $20k there was a 40% increase. Here where they are $60k the increase was 4%.

      A Model 3 starts at $38,990. Real-world pricing for the Chevrolet Equinox around my neck of the woods starts at $39,135. From personal experience, if you tell a Chevy dealer "I'm not paying Tesla prices for a Chevy EV", they absolutely will come down a bit on the price.

      Also, the Chevy does qualify for the $7,500 tax credit, but the base Model 3 does not. It's complicated. [cars.com]

      • Ok so both those vehicles are $50K and nowhere near the cargo capacity of an Explorer. Do either of them even seat six?
        • I sincerely hope you hurt yourself trying to move that goal post that quickly...

          > Ok so both those vehicles are $50K

          38 does not round off to 50.
          =Smidge=

        • Ok so both those vehicles are $50K and nowhere near the cargo capacity of an Explorer. Do either of them even seat six?

          All very important metrics for daily single person commuters and mothers with one child.

      • by AmiMoJo ( 196126 )

        In the UK you can get a 250 mile range MG MG5 for under £20k. It's the shame the US seems more interested in protecting its very slow automotive industry than in getting affordable EVs into people's hands.

    • by dfghjk ( 711126 )

      The news is not about a competition between China and the rest of the world or whether those results should be expected, you just choose to read it that way then fabricate some evidence to denigrate those reporting the numbers.

      • You are denying that EVs are cheaper in China? Do we need evidence for that?
        • by Luckyo ( 1726890 )

          EVs are a strategic sector in China. That means government assistance and subsidization at every level of government, from CCP head of a random farming village all the way to Xi himself.

          So they're going to appear cheap because of all those efforts. If you actually attempt to price in those efforts, they're astronomically expensive overall.

          But that's how Communist system works fundamentally. USSR focused same amount on military, and it was good enough to the point where Ukraine and Russia in spite of mass ne

          • There is nothing preventing our governments from matching the subsidies that China gives. I feel we would see that happening if they actually considered it a serious problem. But no they would rather cater to the people who want taxes to stay low rather than going to their employer for a raise so that they can afford to support themselves and pay taxes. The problem with EVs is that there is so much potential for a better technology than today's cars.
            • by Luckyo ( 1726890 )

              >There is nothing preventing our governments from matching the subsidies that China gives.

              Other than of course that our governments are not totalitarian Communist, and so have no ability to do things that CCP can in PRC.

              >I feel

              Unironically, this is the main problem. People "feel" or more accurately "intuit" too much, and find out and use logical constructs too little. This combined with fairly low IQ by East Asian standards combined with extreme social pressure to "feel" as much as possible and "think

              • Why do you think the US government doesn't have enough money to pay half for everyone's EV? What is special in a communist government that allows them to subsidize companies and consumers? The US government subsidizes things all the time.
                • by Luckyo ( 1726890 )

                  >Why do you think the US government doesn't have enough money to pay half for everyone's EV?

                  This is exactly my point on low IQ and feelings being incompatible with reality. Here's a person who genuinely believes that you can just take money and turn it into EVs. Because there's no actual understanding there of what it takes to take funds and turn them into products. Just throw money at it. I'm sure it'll work out!

                  And then there's a complete shut down of cognitive processes and pointed ignoring to avoid f

                  • What are you talking about? You literally do turn money into an EV by buying one. So when a person buys one, a large chunk of that can come back to the buyer as a subsidy.
                    • EVs are being made now. I don't understand the question. People pay the same for them up front so the companies that make them now make the same money on them. If they are enticed to make them now then they will still. In fact there will be much more motivation to make EVs because way more people will be able to afford them.
                    • by Luckyo ( 1726890 )

                      Me:
                      >And then there's a complete shut down of cognitive processes and pointed ignoring to avoid feeling bad whenever this is done and obviously fails
                      You:
                      >I don't understand the question.

                      My entire point is that you cannot understand this exceptionally easy question. This has nothing to do with difficulty of the question. It has everything to do with ideology shutting down your cognitive processes when this question is asked.

                      Notice that I predicted this BEFORE it happened to you. How did I know this woul

                    • But you haven't explained why anything needs to change about how the EVs are made.
  • by MMC Monster ( 602931 ) on Tuesday October 15, 2024 @06:54PM (#64867485)

    Every save of an electric car is one less sale of a gas car, and therefore less reliance on oil from the middle east. Yes, The US is producing more oil now than any previous time in history of he country. But less oil means less worrying what the middle east is up to.

  • I'm hoping there's a robust and broad non-Tesla EV marketplace available when I'm ready to buy. If not, I might end up with another ICE vehicle, or just running my current one a few years longer (hey, I held onto that Escort Wagon for a very long time, I can do the same with the Camry).

    I typically try to avoid letting personalities / politics affect my purchasing decisions, but Musk is such a flaming turd of a human that I simply can't see myself buying anything from a company for which he's the public face

    • or just running my current one a few years longer (hey, I held onto that Escort Wagon for a very long time, I can do the same with the Camry).

      I had an '02 Camry that I drove into the ground. Only ended up getting rid of it because it needed an engine rebuild and was costing me a fortune in gas.

      If money wasn't an object, I'd probably be one of those crazy rich people with a fully restored vintage '02 Camry just because I really liked that car. And I'd probably still just drive my Bolt everywhere to keep from putting miles on the Camry.

    • best is to run the old car into the ground; then buy an EV. There will be acceptable EVs but you won't ever get long range with short refills anytime soon. It's just a change in lifestyle that is mostly a big deal for wimps who can't adapt. We have a huge global problem and WTF is with people demanding everything has to be perfect for them to do something positive?!

      My old 94 Escort was a nice little wagon for a starter car - but I NEVER took it on a long road trip after almost breaking down once. It's si

      • best is to run the old car into the ground; then buy an EV. There will be acceptable EVs but you won't ever get long range with short refills anytime soon. It's just a change in lifestyle that is mostly a big deal for wimps who can't adapt. We have a huge global problem and WTF is with people demanding everything has to be perfect for them to do something positive?!

        Well, it's a hard sell for the average person to have them spend $$$, with a car being generally the 2nd most money they will spend aside from

        • I didn't spend $$$ for my EV. It was cheap. No new car is cheap but we've got a decade of used EV out there now and they are in demand... not as easy to buy one a dealer hasn't bought up to jack up the price. I've had car dealers cold call me offering to buy my decade old EV! LOW resale value is a benefit to making them affordable! It's perceived value and not rational. I'm doing great with my used EV and it doesn't have any problems like a used ICE would at the same age. Even a reliable Volvo isn't hal

    • Yeah, I don't believe you at all. Your reason for enabling the ultra-right-wing fossil fuel industry and associated powers like Russia and Saudi Arabia is that...Musk enables them? That's not logic.

      Fucking concern trolls never change.
    • but Musk is such a flaming turd of a human that I simply can't see myself buying anything from a company for which he's the public face.

      So...what's so bad about Musk?

      He's successful...sells EVs, space company, satellites, etc....

      What's causing you all the hate there buddy?

  • In the parking lot at an apple orchard.

    Thing had tires as wide as a dump truck's.

    Made the Rivians and Cybertrucks I see on the road look puny by comparison.

    My first thought was, this dude isn't going apple picking, he's getting provisions for invading Russia. Until his battery runs out, that is.

  • Posted Reuters article: "Global EV sales up 30.5% in September as China shines, Europe recuperates"

    Article that Reuters links to: "Global EV sales up 20% in August despite 19-month low in Europe, Rho Motion says"

    • Read the article again. The "recuperate" is the result of increasing EV sales after the slump in August resulting from Germany and France removing subsidies. Yeah EU sales are down but are trending up.

  • by Peter Cooper ( 660482 ) on Wednesday October 16, 2024 @04:47AM (#64868257) Homepage Journal

    thanks to a 24% jump in the United Kingdom

    And you know why that is? It's incredibly tax advantageous for small business owners to buy EVs as they can be entirely deducted against company profits and attract extremely low "benefit in kind" taxes and vehicle excise duties. These things are either being slowly wound back or there's a fear the new Labour government might yank out the tablecloth so now is a particularly good time to buy especially with the higher corporation tax rate. I assure you, though, that if it becomes no more financially advantageous to have an EV, I'm back in the gas guzzler :-)

  • I got a paid off gas truck and will use it til it dies, then may replace the motor for less than 1/5 the price of an EV.
    • I got a paid off gas truck and will use it til it dies, then may replace the motor for less than 1/5 the price of an EV.

      Yep...for me, the BEST car in the world...is the one that is PAID OFF.

      I can't stand making car payments....there is SO much more I'd rather do with my disposable dollars.

  • My work commute is 8 miles and I infrequently drive elsewhere, so it wouldn't matter if I had the most-polluting car. Perhaps the drivers with an hour commute who get a green vehicle [reddit.com] to save the planet should move closer or change jobs. EVs aren't impactless.
    • EVs aren't impactless.

      That's true and driving any existing vehicle is better than buying a new EV. But if someone is buying a new car its likely an EV will have fewer emissions than a pure ICE car. It may or may not have fewer emissions than a new PHEV. If you are driving less than 20 miles each day both the EV and the PHEV will run on electricity. But the smaller battery in the PHEV means it will have fewer lifetime emissions. Of course that calculation depends on how many gallons of gas the PHEV uses during its lifetime.

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