EV Dreams go bust

[Hamloc]

Global electric vehicle (EV) sales continued to rise in 2025, with total sales expected to exceed 20 million, accounting for over a quarter of all new cars sold worldwide. This follows a record-breaking 2024, where sales exceeded 17 million units and more than 20% of new cars sold globally were electric.

Key Regional Highlights (2025 & Latest Data)

• China: Remains the dominant force, with EV sales reaching 12.9 million in 2025, a 17% increase. In 2024, nearly half of all new cars sold in China were electric.
• Europe: Experienced strong growth in 2025, with sales up 33% to 4.3 million units, rebounding from a period of stagnation in 2024.
• North America: The market lagged behind, with sales declining by 4% in 2025 to 1.8 million units following the end of US tax credits.
• Emerging Markets: Showed the fastest growth, with EV sales in the "Rest of the World" category rising by 48% in 2025. Brazil and Southeast Asia saw significant upticks, driven by affordable Chinese models.

Key Trends

• Record Growth in 2025: Despite some regional slowdowns, global EV registrations rose by 20% in 2025 to a total of 20.7 million.
• Market Share: Over 25% of new cars sold globally in 2025 were electric, up from roughly 18% in 2023.
• Rising Competition & Lower Prices: Increasing competition, particularly from Chinese manufacturers like BYD, has driven down prices and improved affordability, helping to overcome the, at times, slower adoption in Western markets.
• Shift in Power: While China, Europe, and the US are the largest markets, emerging markets in Asia and Latin America are increasingly becoming key players in the EV transition.

2026 Forecast

• Global EV sales are expected to grow further in 2026 to reach 23.9 million, a 15.7% increase, with the share of electric cars in overall sales set to continue rising, potentially reaching 27.5%.

Chuck2, how many cars manufactured in Canada are exported to Europe? Central America? China? South America? Basically zero. Cars manufactured in Canada are exported to the U.S.A. How many EV’s are presently manufactured in Canada? Same answer, zero. Government subsidies. $5000 can be applied to an imported EV from a country we have a free trade agreement with but the car must not be worth more than $50000 CAD. I think 2 cars apply here, the new Chevrolet Volt, starts at a little over $40000 and I believe Fiat makes one, I don’t know the model. The $5000 EV subsidy can be applied to any Canadian built EV of any value but as I said none exist. Subsidies do not apply to Chinese built EV’s. LG battery plant formally owned 49% by Stellantis, a stake they sold to LG Energy Systems for $100, now makes batteries for energy storage not EV’s. So the reality is it doesn’t matter wtf is happening in Europe or Asia, what matters is the USA because that is where our cars go. That simple.

[chuckChuck]

Hamloc for a farmer who exports his products to numerous countries to say that it doesn't matter what happens in the rest of the world with any market is short sighted.

Trump will soon be a lame duck and will not be able to stop the transition to EVs in the long term.

[Hamloc]

Hamloc for a farmer who exports his products to numerous countries to say that it doesn't matter what happens in the rest of the world with any market is short sighted.

Trump will soon be a lame duck and will not be able to stop the transition to EVs in the long term.

The fact still remains, Canada does not export cars or SUV’s to Europe and Canadian consumers buy very few of the cars they build.

We can always hope that Trump will become a lame duck, at present he continues to be a wrecking ball.

[Grain Farmer]

Trump pulls carney's chain at every opportunity.
sure gives ctv news a story...otherwise it would be a blank TV screen.