Q2 EV Sales…

Q2 EV Sales…

Happy Independence Day! We hope those of you who are able to celebrate do so, this edition of Mobility EVo brings you news on hot topics such as:

  • July 23rd, Tesla will post its financial results
  • Kia America records highest first-half EV sales in company history
  • GM, Toyota, and BMW are all reporting growth in EV sales
  • The Cadillac Optiq

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    "Liberty, when it begins to take root, is a plant of rapid growth"

    — George Washington

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    1. In the second quarter of 2024, Tesla produced approximately 411,000 vehicles, delivered approximately 444,000 vehicles, and deployed a record 9.4 GWh of energy storage products.
    2. In the second quarter of 2024, General Motors delivered 696,086 vehicles in the U.S., up 0.6% year-over-year, highlighting their growing success in the EV market with 21,930 EV deliveries, up 34% over Q1. 
    3. In the first half of 2024, Kia America achieved its highest first-half EV sales with 29,392 total EVs sold, marking a 112% year-over-year growth, and sold more than 5,000 all-electric vehicles for the third consecutive month.
    4. In the first half of 2024, Toyota Motor North America sold 454,197 EVs, representing 38.3% of total sales volume, with 29 electrified Toyota and Lexus options available at dealerships, marking a 67.9% year-over-year increase.
    5. In the second quarter of 2024, BMW sold 14,081 electric vehicles in the U.S., representing a 23.8% increase from Q2 2023 and accounting for approximately 15.4% of total U.S. sales.
    6. Chinese EV giant BYD is projected to surpass Tesla in BEV sales in 2024, highlighting the dynamic nature of the global EV market and reflecting BYD's 21% year-on-year increase in second-quarter BEV sales to 426,039 units.
    7. Rivian Automotive announced that it produced 9,612 vehicles and delivered 13,790 vehicles in the second quarter of 2024, reaffirming its full-year production guidance of 57,000 vehicles.
    8. Stellantis reported a 4% quarter-over-quarter sales increase in Q2 2024, highlighted by significant growth in electric and hybrid vehicle sales, including the launch of the all-electric Fiat 500e and strong sales of the Jeep Wrangler 4xe and Jeep Grand Cherokee 4xe plug-in hybrids.
    9. American Honda's June 2024 sales increased by 1.1% to 112,742 units, with year-to-date sales up 9.3%, driven by strong performances from hybrid-electric models like the CR-V and the continued rollout of the all-electric Honda Prologue and Acura ZDX.
    10. Chinese manufacturers are investing in Morocco to establish EV parts factories eligible for U.S. tax credits under the Inflation Reduction Act, aiming to circumvent new tariffs and regulations while accessing the American market's growing demand for electric vehicles.



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