For morekaos' next math lesson:
Electric car sales keep rising, even as headlines would have you believe otherwise. Gas car sales, however, actually *are* down.
electrek.co
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EV sales have not fallen, cooled, slowed or slumped.
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Here’s what’s actually happening: Over the course of the last year or so, sales of battery electric vehicles, while continuing to grow, have posted lower year-over-year percentage growth rates than they had in previous years.
This alone is not particularly remarkable – it is inevitable that any growing product or category will show slower percentage growth rates as sales rise, particularly one that has been growing at such a fast rate for so long.
In some recent years, we’ve even seen
year-over-year doublings in EV market share (though one of those was 2020->2021, which was anomalous). To expect improvement at that level perpetually would be close to impossible – after 3 years of doubling market share from 2023’s 18% number, EVs would account for more than 100% of the global automotive market, which cannot happen.
Clearly, growth percentages will need to trend downward as a new product category grows. It would be impossible for them not to.
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Gas car sales are
Because that’s just the thing: the number of
gas-only vehicles being sold worldwide is a number that actually
is falling. That number continues to go down year over year.
Sales of new gas-powered cars are down by
about a quarter from their peak in 2017, and show no signs of recovering. It is exceedingly likely that 2017 will be the high-water mark of gas-powered cars ever sold on this planet.
And yet, somehow, virtually every headline you read is about the “EV sales slump,” rather than the “gas-car sales slump.” The latter is real, the former is incorrect.
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