14 Nov 2024 | Global EV Sales Grow Again, Up 35% In October to 1.72 million Plug-Ins
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Welcome back to coming up today. Global E V. Sales are growing again, up thirty five percent and october to one point seventy million plugins will get into all of the data POS day june.

Because later in the show, i'll telly why the U. S. Market just got more interesting but the cattle like visit, hey, good morning, good afternoon, good evening where you're listings around the world.

Welcome to rev news daily. This is your trusted source of the information for thursday, fourth th of november. I'm Martin lee and I go through every evy story so you don't have to and welcome to a new podcast producer that'll be boris ringgold like you.

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So we've got this october data coming out, which I really want to have a look at because global sales are fully electric and plug in hybrid vehicles grew by thirty five percent compared to the same month last a year, largely driven by a significant increase in china. As reported by the market research firm promotion in europe, sales saw a more modest most growth than china, one percent year on year, but IT was the second consecutive month of annual growth in europe and not decide the european in automotive industry doesn't face chAllenges, including high production costs, the shift to electric vehicles and competition from lower Price models from chinese manufacturers. Votes are in the largest car maker in europe.

Even ounce plans to shut down at least three factories in germany, and I think they're come to the end of the road with trying to find to buy the outer brushes factory as well. Globally, sales of electric vehicles, anything with a plug socket on the site, full electric vehicles s like in hybrids in the month of october reached one point seven two million, one point seven two million plugin vehicles in the month of october alone. Now, china recorded an historic sale of one point two million in north america.

EV sales were up eleven point four percent month this year compared to last year to one hundred and sixty thousand units. Europe was two hundred and sixty thousand units. This was high, evan, the same month last year, but slightly down if you compare september to october, at least on the european figures, you gotta smooth these things that at least look at quarterly data.

We look at year on year because there's often some months where registrations happen, people get new registration place and things like that. When you see any negative sentiment around electric vehicles, phrases like evy sales are dropping. So so companies rolling back their v plans after disappointing or or softening of sales is really important to a look at what market they're talking about or specific manufacturer that's referring to unless it's just an article is blameless bashing E V, in which case those negative headlines have taken on a life of their own now where no one fact checks them.

And so if you are writing an article for perhaps a newspaper or website of a certain lean or political lean, where you know it's going to get click, so whether it's true or not, you can write in the headline. You know after the evy lump, this X, Y, Z that is happening and you know longer need to fact check that like R, V sales going down because you've kind of seen that it's kind of being around. So i'll just write IT as a headline, but it's simply not true and not so frustrated about these headlines as maybe I wars nine or twelve months ago.

Now i'm a bit more pragmatic in the world will end up with the world will end up because if you look at the actual data, global sales electric vehicles of plug in vehicles, thirty five percent up months on month in europe, is second consecutive months of getting back to growth, the annual growth. There's so many positive stories around evs with great vehicles coming up with fantastic grit into gration, with more renewable being added to the great EV is integrating into our future lives. And I think I joked recently if I talked about every new model in china, I could just do podcast the day about so so new model and then they probably five hundred and fifty five day models coming out in china.

It's incredible time to be thinking about electric vehicles and those negative headlines. I do see swelling apart from the EV sales numbers, which haven't hit the bold claims, but those claims themselves are set by certain auto makers and they were all kind of set around the twenty twenty to twenty twenty two period when over that time, boardrooms were grappling with the sudden rise of tesler with chinese evs alongside the sudden n interest in evs from consumers and they all had a massive lack of production capacity from the establish brands and so they were all making bold claims will be fully v by twenty thirty, will only set electric vehicles in twenty, twenty six, twenty all of those things that all happened within such a short period of time. This this major reaction to wanting to get on board the E V bandwagon.

Now you look at a pacific E V markets. There are declines. E, V sales in germany down eighteen percent this year to date.

Overall european sales are down three percent year to date. But you look at the U K. market.

For instance, the U K. Is fourteen percent up. So globally, we're up marts specific.

We're up. There are some markets which are down because subsidies have been remove. Its really hard to paint with broad brush jokes. For the second consecutive month, global sales of fully electronic and plugin passenger cars I exceeded one point five million, and that big number I had told to getting one point seven two million for August is really exciting. This is so exciting times romolo, said my quote.

The chinese v market IT shows no sign of slowing down as IT enters the final two strong autumn ail sales months of the year, and quote, november in december, typically strong months, V, V, sales. Upcoming carbon emission reduction targets in the E, U, could lead to car makers lowering Prices to boost the electric vehicle sales and avoid penalties as well. This future is bright, my friend, and i'm looking forward to IT can't wait to see where we go.

Now another new models talk about this time. I'm a really important one. Catholic has launched the fistic, a three row, S, U, V, three hundred miles of rain, starting at seventy eight thousand dollars path cabal x growing electric vehicle range that includes the lyric, the optic, the escalate IQ and the the ridiculously luxury this introduction.

The visit comes as gmc is a rise and evy sales. And now second in the EV market in the us. I was taking for with Better production in a wide of variety of models on sale vertical be made a gm spring hills facility, tennessee, where the lyrics is also made federal tax credit eligible.

They say, I mean, the battery will be A A compliant and IT will be made on U. S. Soil, which were the ground rules, the rules of engagement to the last four years with the outgoing administration, new administration in the U.

S. I don't think they can get rid of those with the stroke of a pen. From what I understand, i'm anything but a legislature in the us.

So I don't fully understand that i'm trying to read as much as possible. Some things can be trained. I think the least loophole may go pretty quickly. I think you start to mess with the inflation reduction act and you went to a world of pain, legal pain, from companies that the private sector has invested hundreds of billions in the us.

Supply j nv market batteries, vehicle production that will drag out the next four years of the republic lan administration easily through the courts because if you can't get get rid of the promises of investment that were made. So IT might be the previous administration that you disagree with. But the new lot probably can't get away with a lot and some things they will.

So but nobody knows is all conjecture will wait and see. But the fistic if IT sticks around, we'll be federal tax credit eligible. The S. U. V has a jew moo to set up hundred particular when I are battery section and fifteen horsepower, and the battery, obviously more of them.

The ridiculous escaladed I used to other killer, what our battery, but in active, is staring twenty three and whales, all all the gear to make that real high end S U V three row S U V entertainment will run on an android. Of course, I include google maps for nave. I'm experience of that with the postal system.

And if it's anything similar, it's all very good by the way, apps come through the google player, but G M won't support apple car play or android auto ah cal lex software. He responded to critics recently about decisions saying like they strongly believe that the right thing to do it'll have by directional charging because it's the formally don't call IT alt m technology enabling the wish c to power your home. Provided omas owners get the vehicle to home bundle for seven thousand dollars, charging options will be adding around forty or fifty miles of range per hour with the level two charger and about eighty miles of range on a ten minute dc fast structure.

Really interesting, right? Lucid is taking aim at their competition generally. Actually, you know how you meet some people in life and they say, don't take offense at this, but and then they give you probably an unsolved piece of advice or comment on, I don't know you and you like, yeah, that's totally offensive IT doesn't make IT non offensive if if you prefer with, don't take offense at this bds anyway.

So Peter roll instant, who is the CEO of lucid motors and former tesla vice president of engineering, has done basically the equivalent of don't take offense of this, but and said that the electric vehicle industry in the united states, this on the podcast, by the weight many of electric cars made by the american car make, is non sAiling america. And I quote, Frankly, suck wow. He he was trying to add to the conversation and highlighted the problem is rotted in those vehicles in their performance um and not just public perception, pointing out the american consumers have not been well served.

The evy options up until now have been quite subpar, noting that chinese manufacturers byd shaming neo ETC have all my advantages on battery technology. And look, I can't disagree with him. A loosest thing is efficiency. That's elusive thing is five miles, six miles, seven miles by killing one hour. They're all about efficiency, smaller mode to smaller batteries going further with less I or I that that's a noble brda good thing that we would do a bit in china.

Look at those battery, uh, charging rates, four, five, six sixty charging rates, charging four, five hundred kilos, ridiculous, fast, fast than anything that you and I would go and do and know that is that's not specify that is actually happening day in, day out. With some of the cars on sale in china right now, he knowledge, the chinese car makers might not yet rival test life for the core power trying technology, but they're making progress and they can't be overlooks interesting. Now volvo is teaming ing up with ovo that is an an entry company here in the U.

K. Vovo and ovo and carouser protect company are offering evy drivers a terrific charge. Any time this program features affordable charging at a home for seven pens, popular what our is about two pens per mile, three vy drivers of some of these, the charge any time tariff optimized, the timing of the EV to occur when electricity Prices are lower and carbon emissions are at the lowest, volvo us can benefit from this discounted rate by moving to ovo and selecting the charge and any time option in the volvo cars APP, actually, you customers get fifty quick credit on signing up.

That sounds an awful, a lot like octopus intelligent go to me. But the the maria, I pay seven pens and does exactly that. If I charged, if I plugging my v sometimes they charge over night, more often than the not IT will create a charging cheatle that might be some evening night I was as well.

I've been through one winter, one summer. I intelligent, got, but still, you know, seven pens for the whole home, which amazing. And by the way, if you are, if you are the one person in the U.

K, not on octopi joke, but if you want to move to octopus, you think I was about time I did IT. I do have a referable code at the top of show notes is for friends and family. I'd hate you to pass that onto anyone.

Be terrible one. But you can use that. You get fifty quid join bonus like a month electricity, right? And then I get the same.

So I really helps me out. They said as well, thank everyone that does that. By the way, I really, really helps me out like a quick break.

When we come back, we will talk about cyber truck regle. This one can't be done over the year, and why rising fuel Prices help the move to eva. Stick around back to mo.

All right. Let's talk about the best charging networks in the U. K. sap. Map of very famous APP, which helps you find charging points in the U. K, has released there seven tania evaluation of the U.

S, rapid and multa rapid public charging networks dividing in this year between large and medium. Tesla won the large category. Marking is day, but because they didn't included before, because IT was for tesla drivers only.

But now that they ve opened up the network in eighty locations, eight hundred and sixty charging points in eighty locations, and now open to third party non tesler, they can happy part of the survey. And they got the highest ratings. They always do, if any of these of the U.

S. ratings. Tesla always comes out because reliability, cost effective. This news of friends, now again, that was IT sometimes under a closed network as well.

We'll see what j thirty four hundred does in terms of that rolling out to other vehicles and whether that that hurts the tesla super charging at work or not, we don't know, but also doing well. Mfg and all spray, uh, E R degree with that. I think tesla really good because they quite cheap.

Mfg got quite hardware ospak. They ve got the camp stuff just, just brilliant. I like osps so good, i've never been let down.

Love the hardware mfg as well, got me out of so many problems. They're adding them into sights all around the country. That is that motor fuels group is in macc really good. And that was on in october twenty, twenty, twenty four, asking three thousand and seven hundred TV drivers what they thought the medium category.

So network that aren't is big, letting them have their moment in the unfast net took the lead with two thousand six locations in one hundred and fifty charging devices across the U. K. Honest ranked seconds yeah make results. But I only see that's to i'm a date, a point of one.

I know initiating a charge a bit of a problem at times like the the easiest thing to do these days, of course, to get you seven october rivers card as as long time listen, is now responsible by the octopus crows' put IT on to your home bill. So all of your energy usage for travel, home heating, hot water, or I viewed energy in my life that goes on one bill is really convenient, and also pretty much everywhere you can just tap the octopus at these days, all use the APP and you can navigate the pole star. Even has an octopus electric s APP inside IT as well from the android marketplace, which is mega.

Now, tesla is recording two and a half thousand and cyber trucks for a power loss issue, and this one can be fixed over the year, as many tesla fans get very hot under the collar. When we talk about tesla recall, they say, oh, yes, but it's an over the air update. We know that we've been over this territory, but he, many, many, please don't email me.

A recall needs to be put in the books. So if you're buying a used car or whatever reason, it's a recall. So you think I am on three year old software, that's fine. I don't have to do the update and people go as on the issue would definitely i'm going to some people don't.

So it's just, you know, you GTA buy a car that several times you driving IT around on public streets, you has to be a record of this thing had to recall, fixed by this software update. Please collect to your wifi, whatever, and do the software updates. So that's why it's a rebut.

This one isn't over the year. This one does have to go back to a service center. Two and half thousand cyber trucks got dodge inverters, which go could put leading to loss of propulsion. And I could lead an accident. I don't think IT has yet, but they were replaced the faulty drive inverter with the functioning unit.

How to test? I get this wrong like that test this thing the hard ware right anyway when i'm but that's that's the bit they shouldn't be getting wrong like do that stuff so well. And here another another cyber drug record is at the six or seven warm.

Now, recent survey conducted by start line used car tracker reveals that a ninety nine percent of car dealers, so that everyone then see a strong link from when petrol Prices go up to an increased consumer interest in electric vehicles. Wow, you know there's always outliers, but one thousand nine percent mega, uh, this data was done earlier the month in november. According to the findings, fifty two percent of car dealers in the us.

Believe that the connection between high gas Prices and evy interest is significant. Sixty percent of dealers point a little fueling cost as a major reason to go we vat now the chinese make a byd is gone to launch in south korea in only twenty twenty five, the first chinese brand to successful ly attract korean customers. Others have tried IT and face chAllenges.

Specific models not yet announced, but we think they would launch with something like the seal and the compact h vidia to three to go up against him days onic six and E V three from key respectively. The sale is five hundred seventy kilometer vehicle take up against like the test la model three rain shines, but any costs twenty eight thousand dollars in china and the S O three is four hundred and twenty kilometers of range, I think. And that's obviously low Price of vehicle in some parts of the world.

Byd, of course, have plenty of models that could bring now the home by onic nine, formally S V E N in concept form will be shown off november twenty first to the L A. Also show life stream is gonna be ten past nine pacific, that ten of middle eastern are really helpfully exactly the same time as general motors show off the visit launch. wonderful.

One of them hopefully move that we can all watch those live streams. The ignorance development has been more intricate than the key rev. Nine, which is already on a very long time.

But now we finally get some days version of the key V, V nine in concept form at was the sev and seven, but that would make IT seem like less vehicle than the key V N say'd ended the unit nine, which makes sense. perfect. Show me.

Just had one hundred thousand S U. Seven deliveries. One hundred thousand is a good number. When you realized two hundred and thirty days. Ince, I started making the thing.

They entered car market on much thirty, twenty, twenty one with the launch of the S. U. seven.

What show me? The maker of gadgets and things and mobile phones. They are going to make cars, and some people laughed.

Now we move fords to today, and one hundred thousand S. U. Sevens have rolled off the production line. That was the girl for the entire year. They're revising in two one hundred and twenty thousand for twenty twenty four.

And finally mobile eyes, which is a bit of reno that is launching new electric quadro r cycles, the geo and the bento talking about the U K. spects. For those.

They are going on sale in the U. K. Central driving position. So left the right hand drive doesn't really make any difference effectively. You run a twin go if you if you like.

And that you know corta cycle was but with an air bag. And so you don't get that in a corta cycle, I think ever an air bag and hundred miles of range on the duo and eighty seven miles on the penta. And they made from recycled materials and you control them with the APP, and they will be available through our dealerships.

And they started about nine thousand pounds. They are quite a cycles, two point four meters long, one point three meters is wide. They were air conditioning, heated seats inside the duo heated windscreen, somewhere to charge your mobile phone over a good, but urban, a use ten point three can ha and M C batched y that you find in the rune tech.

And so very interesting that you've out concerto I for listening. As always, we couldn't do this without you, without our friends on the podcast, in the patriam ganging. If you are executive producer or above, a ten dollars a month.

Or above, you can show the world publicly that you support the move to evs if you have kinds and you have to have a look at any the patron lel you be upon if you want or more if you organization, but our exact producers, you get your name on the list of legends. You can have a look at that on the block every single day at E. V.

News daily dot. Come add your name to the hall of fame. You can be produced for five dollars a months as well. You get your podcast stuff free to save even more time, thanks to our premium partner portion of the village insincerity ald of since and ati east and volvo cars of since and ati east national car charging on the U. S.

Mainland and the love charging why direct Riley from naval dot ie and the navy E V reviewer island huge me channel and looked to the election of a slyvia public judging, made simple with one up and one map. Have a good cat more. And remember, there's no such thing as .

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