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EV News Daily - Technology and Business of EVs

22 Nov 2024 | EV Sales Increase Again In October, VW Takes Euro Lead From Tesla and Ford/GM Says They’re Ready For Tax Credit Changes

EV News Daily - Technology and Business of EVs

Martyn Lee

Technology, Leisure, Automotive, Business

4.8749 Ratings

🗓️ 24 November 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

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EUROPE'S CAR MARKET STABILIZES AMID EV IMPROVEMENT https://evne.ws/4eDAeed

VOLKSWAGEN DOMINATES EUROPE’S STEADY CAR MARKET WITH EV GROWTH https://evne.ws/4fBHPLL

EUROPE’S EV MARKET SHIFTS: PREMIUM SALES SOAR AS MINI MODELS DECLINE https://evne.ws/3UYOpDG

GM AND FORD ADAPT AMID POLICY UNCERTAINTY https://evne.ws/3OltOpi

FEWER EVS ELIGIBLE FOR TAX CREDITS IN 2025 https://evne.ws/4i1ntgk

FORD SLASHES 4,000 JOBS IN EUROPE AMID EV CHALLENGES https://evne.ws/40ZvMDo

KIA ENDS DECADE-LONG SOUL EV JOURNEY IN THE UK https://evne.ws/3AUAJTt

VOLKSWAGEN STRUGGLES WITH FINANCIAL WOES AND WORKER TENSIONS https://evne.ws/3V3J6D7

KENTUCKY EV BATTERY WORKERS SEEK UNIONIZATION https://evne.ws/4fTFgV1

GENESIS GV70 EV GETS MAJOR BATTERY AND CHARGING BOOST https://evne.ws/4eJ3vUV

XPENG TARGETS PROFITABILITY BY 2025 THROUGH EXPANSION https://evne.ws/4eKhSbs

USED ELECTRIC CARS SAVE DRIVERS £1600 https://evne.ws/4fY5jud

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to EV News Daily. Coming up today, EV sales increase again in October. VW takes the Euro lead from Tesla and Ford GMs say they are ready for tax credit changes. Plus, stay tuned because later in the show, I'll tell you why fewer EVs will be tax eligible on the 1st of January anyway. Well, good morning, good afternoon or good evening, wherever you are in the world.

0:20.9

Welcome to Evie News Daily, at your trusted source of EV information. For Friday 22nd of November,

0:26.2

I'm Martin Lee and I go through every EV story so you don't have to. And welcome to a new

0:31.5

podcast producer. That'll be you, Matthew Strausson. Super Matt joined up along with the other list of legends.

0:40.7

The Hall of Famers on patreon.com slash EVNews Daily.

0:45.0

You can be like Mega Matthew by clicking on a link in the show notes.

0:49.3

We'll start with the October numbers coming out of Europe and the Europe New Car

0:52.7

Car Sales were steady after two months of decline, according to the Carmakers Association.

0:57.7

The stabilisation was down to an increase in the adoption of, you beat me to it, fully electric cars.

1:04.4

Overall, new vehicle registrations across the European Union, Great Britain and the European Free Trade Association increased.

1:13.7

It was by 0.1% year on year, October to October.

1:17.0

So we'll call it up 1.04 million units in the month of October.

1:22.0

So 1 million cars were sold, and despite the hurdles, the shift towards electric vehicles gained momentum.

1:27.9

Sales of pure beves were up 7%. October to October, diesel sales down by 8.1%.

1:34.7

And it was Volkswagen leading the market, with a 12.6% increase in registrations. In contrast,

1:41.2

Stalantist was down 16%, and Renault were down 0.4%.

1:45.8

Tesla's sales dropped sharply by 23.1%.

1:49.2

And China's SAIC fell by 10%, suggesting potential shifts in the market as tariffs were due to be imposed.

1:57.2

Now, electric vehicles are those electrified.

2:01.4

Not keen on that word, but either way.

2:03.2

So that is pure Bev's plug-in hybrids and anything with the battery hybrid vehicles.

2:08.2

We're now 55% of the European market.

...

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