The fastest growing markets were Indonesia (from 1k to 10k), India with +223 % to 50k, nearly all BEVs, New Zealand +151 % to 23k for 20 % market share. Norway had the highest market share of EVs (BEV 71 % + PHEV 8 %), China had 27 %, Europe 20,8 % and USA 7,2 %. BEVs (9,5 %) and PHEVs (3,5 %) stood for 13 % of global light vehicle sales in 2022, compared to 8,3 % in 2021. Rapid EV adoption in weak auto markets has boosted EV shares further. FCEV remain irrelevant for the electrification of light vehicles their deliveries stagnated at 15 400 units in 2022, which is 0,02 % of the global, annual light vehicle volume. ICE-only vehicle sales declined by -7 % their share in global light vehicle sales is 76,8 %, compared to 82,2 % in 2021. Global sales of vehicles which can be charged from the grid (10,5 m) were higher than for non-chargeable vehicles (8,4 m) for the first time in 2022. While BEVs grew by +59 % and PHEVs by +46 %, non-chargeable Full Hybrids grew by +15 % and Mild Hybrids by +1 % y-o-y. Sales growth is increasingly depending on the degree of electrification. While their sales volumes still increased, their share in the PEV mix is in decline, facing headwinds from incentive cuts and improving BEV offers. PHEVs stood for 27 % of global Plug-in sales in 2022 compared to 29 % in 2021. Counting BEVs only, Tesla still leads by a wide margin with 1,31 million units delivered in 2022. BYD more than tripled sales to 1,85 million units, making it the #1 in the global sales ranking, if their 944 500 PHEV sales are included. Global light vehicle sales for 2022, 81 million units, were still -0,5 % lower than in 2021 and -15 % below pre-2020 levels.Ĭhina NEV sales defied all headwinds the country faced otherwise (real estate crisis, Covid outbreaks and lock-downs) and increased by another +82 % year-on-year. The 2nd half of 2022 saw a cautious recovery of auto markets as numbers compared to the low results of 2021 H2. EV sales in USA and Canada increased by 48 % year-on-year, despite a weak overall light vehicle market which plunged by 8 % during 2022 y/y. Weak overall vehicle markets and persistent component shortages have taken their toll, exacerbated by the war in Ukraine. Following 2 years of steep sales increases in Europe, EVs gained only +15 % over 2021 there. The regional growth pattern is shifting, though. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. Wall Street currently has a consensus “overweight” rating on Tesla shares as well.Global EV sales continued strong. Tesla Inc to be mass producing robo-taxis in 2024. That compares to one every 500,000 miles for the average car on the road. With full self-driving, a Tesla vehicle gets into an accident every 3.2 million miles. Its deliveries were already at a record 422,875 in Q1 (Īnother reason that Cathie Wood – the Founder of Ark Invest remains bullish on the EV company is because it’s committed to redefining safety for its passengers. For the year,Įarlier this week, Tesla announced another price cut in the United States to maintain demand in the face of a slowing economy. Tesla Inc is the largest holding in Wood’s flagship Ark Innovation Fund. It’s very smart to maximise units because they have so much option value now. The robo-taxi service will be, from a margin point of view, more like a SaaS business. ”, she dubbed it a positive today that Elon Musk is committed to sales growth.Įach unit now represents the potential for a robo-taxi. ), but none of it is sufficient to turn Cathie Wood any less bullish on this stock.īy 2027, the influential investor sees Tesla shares trading at about $2,000 that would translate to a market cap of over $5.0 trillion for the electric vehicles company. ) may have missed Street estimates for revenue and taken a sizable hit to its gross profit margin in the first quarter (
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