Quote:
Originally Posted by XsltAnalyst
Even though US vehicle sales roughly the same as Europe combined, US gave up the crown as the biggest car market 10 years ago.
Total YTD annual vehicle sales in US is around 18 Million while China is at 30 million as of now. Not to mention the car sales have plateaued in US while car sales in China have been growing rapidly every year. The car sales in China could be growing even more rapidly but they're artificially limiting car registrations since the traffic and pollution is a huge issue. That's why every car manufacturer who wants to survive and do business in China will have to make EV cars and whatnot to cater to the biggest market in the world.
https://tradingeconomics.com/united-...-vehicle-sales
https://tradingeconomics.com/china/total-vehicle-sales
https://www.best-selling-cars.com/in...ide-car-sales/
And there is a network for charging cars right now from Tesla and it's rapidly expanding. Yes, EVs aren't going to take over overnight as EV sales only make about 1% of total vehicle sales but expect to see rapid expansion over the next few decades |
Very good points - I just don’t think the ICE will be killed off as quickly as some might think. There are too many realized and sunken costs associated with that type of engine and the ancilary businesses that support it for it to be sent packing so easily.
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Past rides: 2016 981 BGTS, 2020 MINI JCW, 2017 F80, 2015 981 CS, 2014 F22 235, 2011 E82 135, 2008 E82 135, 2007 E92 328, 2007 E92 328 (My lady drives an OG M2. So does my dad)
