I've posted about this a couple of times but given how prevalent the idea that EV sales are on the way down is lately I felt maybe it deserves its own thread in order to discuss.
For those who don't follow the industry as closely as I do or don't have a statistical background, it may come as a surprise to hear that EV sales are actually increasing on an exponential growth curve! (It's actually a standard adoption curve but we're in the exponential growth phase of the curve at the moment.)
I know the media is widely reporting that EV sales are dropping as if it's a fact but those reports are misleading.
It is a false narrative and I can prove it!
Here is Canadian plug-in registration data and an accompanying graph to illustrate the point: https://www.cer-rec.gc.ca/en/data-a...10-percent-of-all-new-vehicles-in-canada.html
And since this is an American brand here is a similar look at US data with it's own graph: https://www.energy.gov/eere/vehicle...nual-new-light-duty-ev-sales-topped-1-million
As you can see, sales are in fact not in decline. They are increasing. Now of course we don't have full year 2024 data yet but the early data that has been released so far for both markets also shows significant year of year increases thus continuing the growth trend.
I can get into why there is a false narrative out there of a 'slowdown' in EV sales but this post is long enough already so I'll just leave it at that. Check the data for yourself if you don't believe me.
For those who don't follow the industry as closely as I do or don't have a statistical background, it may come as a surprise to hear that EV sales are actually increasing on an exponential growth curve! (It's actually a standard adoption curve but we're in the exponential growth phase of the curve at the moment.)
I know the media is widely reporting that EV sales are dropping as if it's a fact but those reports are misleading.
It is a false narrative and I can prove it!
Here is Canadian plug-in registration data and an accompanying graph to illustrate the point: https://www.cer-rec.gc.ca/en/data-a...10-percent-of-all-new-vehicles-in-canada.html
And since this is an American brand here is a similar look at US data with it's own graph: https://www.energy.gov/eere/vehicle...nual-new-light-duty-ev-sales-topped-1-million
As you can see, sales are in fact not in decline. They are increasing. Now of course we don't have full year 2024 data yet but the early data that has been released so far for both markets also shows significant year of year increases thus continuing the growth trend.
I can get into why there is a false narrative out there of a 'slowdown' in EV sales but this post is long enough already so I'll just leave it at that. Check the data for yourself if you don't believe me.
