The war against renewable energy

[Captivating]

Absolute Murdoch news Rubbish.
EV sales are growing world wide despite tariffs set by the US, Canada and Europe.


Meanwhile, total EV sales grew by 21% in Q2 2024 vs. Q2 2023, while ICE sales fell by 9% in the same period.

Electric Vehicle Sales Review Q2-2024

Strategy& and PwC Autofacts® have analyzed electric vehicle sales worldwide in the second quarter of 2024.

www.strategyand.pwc.com

Didn't realise the Australian Automobile Association was a Murdoch news rubbish

Electric Vehicle Index - Australian Automobile Association

www.aaa.asn.au

In the past 12 months, Hybrids have grown 7.5% to 14.9% of the market. Battery EV have declined from 8.7 to 8%

Also the PW report is also saying that nearly all of the growth in EVs is due to hybrids.

 

[nut]

Didn't realise the Australian Automobile Association was a Murdoch news rubbish

Electric Vehicle Index - Australian Automobile Association

www.aaa.asn.au

In the past 12 months, Hybrids have grown 7.5% to 14.9% of the market. Battery EV have declined from 8.7 to 8%

8% growth is declining

 

[Captivating]

8% growth is declining

Market share has dropped from 8.7% to 8%. So yes, that's a decline.

BEV sales dropped from 25,696 to 25,353. That's a growth of minus 343

 

[SaintsSeptember]

Market share has dropped from 8.7% to 8%. So yes, that's a decline.

BEV sales dropped from 25,696 to 25,353. That's a growth of minus 343

It can be more complicated.
Market share includes all cars.
Those people who bought MG3's were never going to buy electric cars.
They bought a new MG with 10 years warranty rather than buying a 10 year old Corolla .

Kind of funny people were saying Australia didn't have a big enough market for an Auto industry.
MG only sell 300 000 cars or so per year in China. BYD sell well over a million ( and they sell a 10 000 cheapy hatch too ).
If you are selling 300 000 cars, adding 50 000 in Australia is not chicken feed.

 

[Captivating]

It can be more complicated.
Market share includes all cars.
Those people who bought MG3's were never going to buy electric cars.
They bought a new MG with 10 years warranty rather than buying a 10 year old Corolla .

Kind of funny people were saying Australia didn't have a big enough market for an Auto industry.
MG only sell 300 000 cars or so per year in China. BYD sell well over a million ( and they sell a 10 000 cheapy hatch too ).
If you are selling 300 000 cars, adding 50 000 in Australia is not chicken feed.

I wouldn't try and over complicate it. Better to just stick with actual sales results rather than trying to understand a buyers motive.

The BEV market has flatlined and hybrids have over taken them as the second most popular drivetrain type. The reports of the ICE's demise were greatly exaggerated.

Also, Australia isn't big enough for an Auto manufacturing industry. We could never compete with MG selling cars so cheaply.