. There are a lot of fun ways to cut the pie and see what’s been going on. One thing that stands out in these reports compared to any others you might find on the internet on any of these topics is that I go back to 2019 to tease out the comparisons and trends over time.
However, one thing I’ve never really done is narrow down and highlight changes in the EV market compared to changes in the ICEV market. Since I’d already collected all of the core data from automakers over the years, plus a little bit of estimating for brands that lag behind the rest in the data they report , this wasn’t a huge challenge — it just required creating a few more rows in my Google Sheet and generating a few more charts.
First of all, as we can see, no matter which time period you look at from the past 4 years, EV sales growth crushes internal combustion engine vehicle sales trends. Comparing 2023 and 2022 totals, EVs saw 47% growth while ICEVs saw 10% growth. Comparing 2023 and 2021 totals, EVs saw 142% growth while ICEVs saw a 3%Dipping back into the big, horrible year of COVID, EV sales were up 356% in 2023 compared to 2020, while ICEV sales were up just slightly, 1%.
Going even further back, looking at the pre-COVID numbers of 2019, we can see that EV sales were up 385% in 2023 compared to 2019, while ICEV sales wereSo, of all the ways we’ve looked at changes in the EV market and changes in the auto market as a whole, I think these comparisons most clearly highlight that EV sales have been growing strongly year after year, whereas the non-EV market needs to worry about what’s happening and plan accordingly.
What are your thoughts on these results? Is the EV industry struggling, as so many headlines, writers, talking heads, and commenters are eager to say? Or is the fossil-fueled vehicle industry the portion of the industry that’s struggling?I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there.
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Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »