Please try again 1.2% of cars or light trucks in the U.S. are either EV or Hybrid as of November 2023.Not sure you want to count jokes as "statements".
Assuming by "market penetration", you mean market share, I think you are confusing the 1.3 million sold with the 9% market share.
EV sales expected to hit new U.S. record in 2023—but Germany, China and Norway still lead the way
Several factors helped boost U.S. EV adoption this year.fortune.com
Electric Car News
- Thread starter Kyle
- Start date
glhs837
Power with Control
So are you using total vehicles on the road? That's not generally how adoption of a new thing is measured. But sure, if you need to measure it that way to ignore the fact that EVs are increasing in share of the market every year. go right ahead.
Like I said before when you sell one in a year, then the next year you sell two its a 100% increase is sales.
You haven't sold much but it's a 100% increase. You like to throw those numbers out all the time. But the reality is EVs so far are not actually moving the needle very much. Remember my number is EVs and hybrids combined
Don't forget mine is total market and does not remove the EVs and hybrids removed from service due to accidents or other damage. So the actual number is even less!
PeoplesElbow
Well-Known Member
On the road, not sold last year. This includes the 1982 Honda civics still out there.
PeoplesElbow
Well-Known Member
That was the self important Dean Kaman. Imagine all the injuries if this happened.
May include the EVs made in 1912 also.
PeoplesElbow
Well-Known Member
The easiest way to ruin your argument is to be stupid about it.
glhs837
Power with Control
I'm not putting out comparative production numbers, but rather the percentage of the US new car sales market that EVs have. Which how you judge the adoption of a new thing, how much of the new sales it takes.
Your number isn't market, the market is new vehicles sales. And this new definition of the market isn't one youve youve used before that I recall, is the now double digit market share too much for you so you need to move the goal post?
As for increases, here's Teslas annual production numbers. This isnt going from 1 to 2. And to finish off 2023, we now know that the final number was over 1.8 million. So in the last three months of 2023, they produced more than the entire year of 2020.
How do you move the goal posts when the information is readily available. I'm just saying that market penetration and saturation is severely lacking.
Tesla appears to be the ONLY manufacturer that is able to turn a profit on EVs, that does not bode well for the industry. Also Tesla was the only game in town for quite a few years and now their profits are down.
Like I said before the low hanging fruit has been harvested, with incentives going away and localities looking to make up the road tax that is not being paid by EV owners not to mention on the road charging and product issues The future for EVs is not a slam dunk like some hope it will be.
There is an incredible amount of money being utilized to sell these thing to a somewhat skeptical public. Not to mention if there is a change in administration that may well not embrace the industry.
You seem to have a knack for it.
glhs837
Power with Control
Simple, the metric by which we judge EV sales success or lack thereof to date has always been the way the industry itself defines it. Expressed as a percentage of total new car sales. Since when you are selling a thing, you are competing with other things for sale, not things already sold.
Especially not every product sold for the last 20 years. And we disagree on the low hanging fruit thing. Quite a lot of folks who might not even consider an EV get interested after experiencing one for the first time. So I think the market isn't tapped out. Tesla's profits are down, but they are still making money. And I'll remind you they sold increasing numbers through the two years they got no subsidy at all.
Slam dunk means different things to different people. They are the eventual future, and I agree that politicians have no place in the conversation. LEt the market decide, and personally, I think 2%-5% growth a year is just fine. Some years will be leaner, some fatter. But like the stock market, its a game of years, not quarters.
If Trump or a another conservative gets in and takes away the money trough, I am in favor. That will slow the adoption timeline, but not end he industry.
Yes that makes sense listen to the one entity that has a vested interest in making EVs look great.
We just got the same BS from Fauci the CDC, FDA and the vaccine manufacturers.
Some folks just never learn. Lol
glhs837
Power with Control
Which entity? The car industry or its analysts? You know both of those groups have no love for EVs..... The sales numbers are all drawn from publicly available data.
PeoplesElbow
Well-Known Member
Lol, I don't even have an argument one side or the other.
I just make observations about what I think is good/bad about them.
Take a swag at it Einstein!
Yeah, like I dont.
PeoplesElbow
Well-Known Member
Refresh my memory, what caused the big jump of 2021?
I do remember telling you that late 2021 was going to be Tesla's stock maximum and would be a good point to sell.