Battery electric vehicles (BEVs) made up the bulk of sales at 1.16 million units, while plug-in hybrids (PHEVs) accounted for 570,000. In total, 12.5 million EVs have been sold in the first eight months of this year.
** Global: 12.5 million, up 25%*
** China: 7.6 million, up 25%*
** Europe: 2.6 million, up 31%*
** North America: 1.3 million, up 6%*
** Rest of world: 1.0 million, up 44%*
EV have a global impact as well a measurable impact on nations & regions throughout the world. Electrical grids will have to be enlarged to deal with the increased demand. New businesses such as energy storage & charging station construction have been created. And eventually independent EV repair shops will be created to work on out of warranty EVs. And community colleges will create classes to educate the new technicians to fill the new EV repair shops. Repair work is now largely electronic rather mechanical.
And some legacy automakers will not be able to make the transition.
auto industry will result in a few Western automotive brands going out of business.
He gave an interview with Bloomberg this week, in which he stated that Volvo remains firmly committed to electrification despite some pullbacks.
Samuelsson doesn’t mince his words. He understands that the EV transition is difficult on the industry and China’s forceful push toward electrification at a global scale is putting pressure on Western automakers.
He believes that the industry will be fully electric in about 10 years and that some brands won’t survive the transition
He didn’t specify which ones he thinks will not survive, but he is hopeful Volvo will be among those that will remain.
Despite Mary Barra, killer of the Volt then Bolt, GM is making great progress in the EV front via pricing. Offer EVs at low pricing and consumers will come.
After back-to-back record sales months in July and August, GM remained the number two seller of EVs in the US, behind Tesla.
BYD does an 180 degree turn.
BYD’s ultra-luxury sub-brand, Yangwang, launched its fourth all-electric model in China, and it’s another design marvel. Like its U8 predecessor, the Yangwang U8L SUV has “Emergency Float Mode.” Plus, this one can tank turn, is powered by four motors, and has 24-karat emblems.
Today, Yangwang officially launched the U8L in China, beginning in a single “Dingshi Edition” trim that starts at RMB 1.28 million ($179,800) – debuting as one of the most expensive models amongst all Chinese automakers.
Due to its size, the Yangwang U8L’s all-electric CLTC range is only 200 km (124 miles), but it features a hybrid range extender that boosts its overall range to 1,160 km (700 miles).
And if you live in a flood area. The durn thing floats & moves through water too!
https://electrek.co/2023/11/21/byd-yangwang-u8-suv-borderline-amphibious-emergency-float-mode-video/
Video at the link.