New Delhi, June 7 (Ians) One in every 7 cars sold during the first quarter this year was an electric vehicle, dominated by China’s Byd at 21.1 per cent market share while Tesla was at second spot, with 16 per cent share, a report showed on Wednesday.
Global passenger Ev sales in Q1 2023 rose 32 per cent YoY. Battery EVs (BEVs) accounted for 73 per cent of all Ev sales during the quarter, while plug-in hybrid EVs (PHEVs) made up the rest, according to Counterpoint Research.
Ev sales are expected to reach over 14.5 million units by the end of 2023.
The US surpassed Germany to become the world’s second-largest Ev market while China remained the leader.
“Tesla slashed prices for its models globally in January, following which other automotive brands announced similar cuts for their car models starting in February, which led to an improvement in Ev sales,” said research analyst Abhik Mukherjee.
Global Ev...
Global passenger Ev sales in Q1 2023 rose 32 per cent YoY. Battery EVs (BEVs) accounted for 73 per cent of all Ev sales during the quarter, while plug-in hybrid EVs (PHEVs) made up the rest, according to Counterpoint Research.
Ev sales are expected to reach over 14.5 million units by the end of 2023.
The US surpassed Germany to become the world’s second-largest Ev market while China remained the leader.
“Tesla slashed prices for its models globally in January, following which other automotive brands announced similar cuts for their car models starting in February, which led to an improvement in Ev sales,” said research analyst Abhik Mukherjee.
Global Ev...
- 6/7/2023
- by Agency News Desk
- GlamSham
New Delhi, May 27 (Ians) Tesla Model Y has become the first all-electric vehicle to be billed as the world’s bestselling car, a report has shown.
Tesla Model Y surpassed Toyota’s RAV4 and Corolla models to top global sales rankings in the first quarter of 2023, according to data from Jato Dynamics.
The 2023 Model Y starts at $47,490, considerably more than the 2023 Corolla and RAV4, reports The Verge.
Tesla Model Y sold 267,200 units globally in the first quarter this year, compared to 256,400 Corolla and 214,700 RAV4 units sold.
Tesla CEO Elon Musk even estimated back in 2016 that this model would draw demand “in the 500k to 1 million unit per year level.”
Musk in 2021 predicted that the Model Y would claim the top spot in the world.
“We think Model Y will be the best selling car or vehicle of any kind in the world. Probably next year. I’m not 100 per cent certain next year,...
Tesla Model Y surpassed Toyota’s RAV4 and Corolla models to top global sales rankings in the first quarter of 2023, according to data from Jato Dynamics.
The 2023 Model Y starts at $47,490, considerably more than the 2023 Corolla and RAV4, reports The Verge.
Tesla Model Y sold 267,200 units globally in the first quarter this year, compared to 256,400 Corolla and 214,700 RAV4 units sold.
Tesla CEO Elon Musk even estimated back in 2016 that this model would draw demand “in the 500k to 1 million unit per year level.”
Musk in 2021 predicted that the Model Y would claim the top spot in the world.
“We think Model Y will be the best selling car or vehicle of any kind in the world. Probably next year. I’m not 100 per cent certain next year,...
- 5/27/2023
- by Agency News Desk
- GlamSham
New Delhi, April 11 (Ians) India’s connected car sales almost doubled in 2022 with around one in four cars having in-built cellular connectivity and services to enhance in-vehicle digital experience, a report showed on Tuesday.
Maruti Suzuki’s Baleno was the best-selling connected car model in 2022, while Mg, Hyundai, Kia and Tata Motors led in terms of connected car models’ share in their portfolios.
Launched in 2019 with a price of less than Rs 20 lakh with over 50 features, Mg’s Hector was the first non-premium model in India to have embedded connectivity.
“Currently, embedded connectivity is primarily available in the top variants of a limited number of models. But it will trickle down to more models in the coming years, with 2025 expected to be the inflection point,” said research analyst Abhik Mukherjee.
The services include connected car safety, navigation and other advanced technologies.
With the rising adoption of electric vehicles (EVs), spread of 4G and 5G networks,...
Maruti Suzuki’s Baleno was the best-selling connected car model in 2022, while Mg, Hyundai, Kia and Tata Motors led in terms of connected car models’ share in their portfolios.
Launched in 2019 with a price of less than Rs 20 lakh with over 50 features, Mg’s Hector was the first non-premium model in India to have embedded connectivity.
“Currently, embedded connectivity is primarily available in the top variants of a limited number of models. But it will trickle down to more models in the coming years, with 2025 expected to be the inflection point,” said research analyst Abhik Mukherjee.
The services include connected car safety, navigation and other advanced technologies.
With the rising adoption of electric vehicles (EVs), spread of 4G and 5G networks,...
- 4/11/2023
- by Agency News Desk
- GlamSham
San Francisco, April 5 (Ians) Elon Musk-run Tesla remains the market leader in the electric vehicle (Ev) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined.
Ev sales increased to represent 7 per cent of all US passenger vehicle sales in 2022, according to Counterpoint Research, growing 54.5 per cent (on-year).
“Tesla is dominating the US Ev market while other automotive giants like Ford, General Motors, Stellantis, Volkswagen and Hyundai are struggling to provide strong competition,” according to research analyst Abhik Mukherjee.
New players like Lucid Motors, Karma, Fisker and Vinfast are entering the US Ev space, underlining the market’s potential.
“Moreover, with the recent price cuts by Tesla and all versions of Tesla’s Model Y becoming eligible for the Ev tax credit subsidy, it is expected that Tesla will take an even higher market share,” Mukherjee added.
Battery Ev (Bev...
Ev sales increased to represent 7 per cent of all US passenger vehicle sales in 2022, according to Counterpoint Research, growing 54.5 per cent (on-year).
“Tesla is dominating the US Ev market while other automotive giants like Ford, General Motors, Stellantis, Volkswagen and Hyundai are struggling to provide strong competition,” according to research analyst Abhik Mukherjee.
New players like Lucid Motors, Karma, Fisker and Vinfast are entering the US Ev space, underlining the market’s potential.
“Moreover, with the recent price cuts by Tesla and all versions of Tesla’s Model Y becoming eligible for the Ev tax credit subsidy, it is expected that Tesla will take an even higher market share,” Mukherjee added.
Battery Ev (Bev...
- 4/5/2023
- by News Bureau
- GlamSham
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