came up with some encouraging findings for EV buffs but also some worrying ones for EV makers. Cox Automotive is the world’s largest automotive services and technology provider.
” Jeremy Robb, senior director of economic and industry insight at Cox Automotive, told reporters at a briefing.The big takeaway here is that the EV sector might be getting overcrowded, and is not the only one to blame here. According to Cox Automobile’s estimates,no less than 33 new EVs will be launched in 2023 alone, and more than 50 additional new or updated EVs will be launched in 2024.
39,096 all-electric vehicles in the U.S., up 57% year-over-year. While that figure accounts for just 1.7% of GM's total volume sold and cannot handle a candle to, GM might turn the tables on Tesla a few years down the line. GM CEO Mary Barra has revealed that the company plans to produce ~400,000 electric vehicles from 2022 through the first half of 2024, and that the company will be capable of annual EV production of more than one million in North America in 2025.