EVs Moving The Car Market

Electric cars are finally taking a (tiny) bite out of combustion engine sales

Michael J. Coren, September 14, 2019 (Quartz)

California’s car buyers are [slowly] shifting their loyalties from the internal combustion engine to electric batteries…Despite car sales declining in the Golden State since 2016, the number of electric and hybrid cars sold continues to rise. In the first half of 2019, sales hit 51,750 and 48,861, respectively. That’s a 40% increase for both over last year…[EVs of various kinds accounted for 13% of 2018 sales in California. It] plans to have 5 million zero-emission vehicles on the road by 2030 and accounted for about half of the 105,472 electric cars sold in the US in the first half of the year…

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[Automakers are] banking on explosive EV growth to justify their billions of dollars in new investments…[But growth] in EV sales has been anemic in most states (just under 1% of US new-car sales on average), and modest but steady only in those with generous incentives and eager customers such as New York and California…[Tesla’s Model 3] has proven to be a best-seller, outpacing standard sedans in its class such from the likes of BMW or Mercedes, and rocketing beyond the rest of the field…[It remains to be seen whether] other automakers can conjure the same magic…” click here for more

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