Thus far US BEV adoption has largely been strongest in areas that have higher residential power prices. What if that became a feature, not a bug?
Tesla could still be a contender. But only if its CEO faces a few home truths and reprioritises
The firm is aiming to shift to underground production next month, and maintains everything is on schedule
The East Asian heavyweight’s global market dominance set to erode
Chinese sales accounted for 61pc of the world’s BEVs sold in 2022, according to data from the IEA. But, under its central ‘Steps’ scenario, that lead will have been whittled down to the extent that, by 2030, adding US and European sales together will outstrip China’s demand.
The IEA’s 2022 figures have Chinese BEV sales at 4.4mn, out of a global total of 7.3mn. Europe’s 1.6mn BEVs sold accounts for another 22pc of worldwide appetite, while the US is half of Europe at 0.8mn and 11pc, respectively.
Its Wuling JV’s budget BEVs still not set to go global
Stellantis brand says it is best-in-class in Europe
The Amsterdam-headquartered conglomerate joins Renault and Tesla in Teutonic turmoil
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