Tag: EV Sales

Hyundai’s Record Sales Mask EV Struggles in Q4
EV & Electric Cars, News

Hyundai’s Record Sales Mask EV Struggles in Q4

Despite record-breaking sales numbers, Hyundai faced a major setback with its electric vehicle lineup during the last quarter of 2025. The brand saw overall growth but struggled to keep up with consumer preferences for non-electric vehicles.Key TakeawaysTotal sales rose by 8% year over year, reaching a record high in the US market.Ioniq EV models experienced significant declines of up to 62%, particularly in December and Q4.SUVs like Palisade and Tucson continued strong performance despite challenges faced by other segments.Hyundai's overall sales numbers for the year were impressive, but dig a bit deeper into their electric vehicle division, and you'll find that things aren't as rosy. Sales of Ioniq 5 dropped sharply in December with a 50% decrease compared to last year.The situation got ...
EV & Electric Cars, News

Lucid Reports Strong EV Deliveries in 2025, Surpasses Lowered Targets

Electric vehicle manufacturer Lucid Group reported a significant increase in deliveries last year with sales up by 55% to reach 15,841 units. The company met its revised production target of about 18,378 vehicles for the year.Key TakeawaysLucid's deliveries increased by 55% in 2025 compared to 2024.The company met its revised production target of roughly 18,378 vehicles for the year.New Gravity SUV ramped up production significantly throughout the fourth quarter.Lucid Group's impressive growth in deliveries last year is a testament to their growing popularity among EV enthusiasts. The company has been steadily increasing its output since launching its first vehicle, and this latest report shows they're on track with plans for expansion.The production of Lucid’s new Gravity SUV played a cru...
Cyber Monday Green Deals: Up to $893 Off E-Bikes and EVs
EV & Electric Cars, Industry & Business, News

Cyber Monday Green Deals: Up to $893 Off E-Bikes and EVs

As Cyber Week kicks off, eco-conscious consumers are still finding plenty of opportunities for savings. From e-bikes and electric vehicles (EVs) to power stations and smart home devices, there's a range of green deals available until the end of this week.Key TakeawaysLectric offers up to $893 off select e-bike bundles through Cyber WeekAventon provides discounts on its latest models, including a smart commuter bike for only $1,699Schumacher's 12A level 1 portable EV charger is available at a Black Friday low of just $110For families looking to invest in eco-friendly transportation options this holiday season, Lectric’s Cyber Week sale presents some fantastic deals. The XP4 e-bike model comes with up to $583 worth of free gear when purchased at a discounted price starting from $1,499.Avento...
Danish EV Market Soars with Three in Four New Cars Electric
EV & Electric Cars, News

Danish EV Market Soars with Three in Four New Cars Electric

Denmark's November saw an unprecedented surge in electric vehicle registrations, with three out of four new cars being battery-electric. This milestone marks a significant shift towards sustainable mobility as Denmark continues to lead Europe’s transition.Key TakeawaysElectric vehicles accounted for 73.7% of all November registrations in Denmark, with private individuals buying EVs at an even higher rate of 91.2%The Skoda Elroq topped the sales charts with over a thousand units registered last monthMobility Denmark's CEO Mads Rørvig attributes this surge to increased clarity around vehicle tax, boosting consumer confidence in purchasing EVsNovember saw 11,732 new electric vehicles hit the roads across Denmark. This is a stark contrast from just two decades ago when hybrids were considered ...
China’s Auto Sales Surpass 38% in October, Dominating Global Market
Industry & Business, News

China’s Auto Sales Surpass 38% in October, Dominating Global Market

As the global automotive industry continues to evolve, China has solidified its position as a powerhouse. In October 2025, the country claimed an impressive 38% of the world’s auto sales market, marking another milestone for Chinese automakers.Key TakeawaysChina's global market share reached 38% in October 2025 with over 1 million units sold month-on-month.The country’s EV sales surged to record levels, making up almost half of all new vehicle purchases.Three Chinese automakers made it into the top ten globally, reflecting a shift towards Asian leadership.In October alone, China's auto market saw 3.3 million units sold, accounting for nearly one-third of global sales. The year-on-year increase in EVs was particularly notable at 20%, with BYD leading the pack as the sixth-largest automaker ...
Tesla and Polestar Report November Gains in EV Sales
EV & Electric Cars, News

Tesla and Polestar Report November Gains in EV Sales

Tesla and Polestar have reported a combined increase of 2,869 electric vehicle (EV) sales for the month of November 2025, according to data released by the Electric Vehicle Council. The Tesla Model Y led the charge with 2,269 units sold, while overall Tesla sales for the year are down 24.4% compared to last year.Key TakeawaysThe Tesla Model Y saw a significant increase in November sales, reaching 2,269 units from 1,653 the previous year.Polestar's November sales were driven by the Polestar 4, which recorded 98 units sold compared to just 13 for the Polestar 2 sedan.Tesla showcased a bulk Full-Self-Driving (FSD) Supervised test drive event in Melbourne, providing over 600 drives across three days.The latest data from the Electric Vehicle Council highlights a strong performance by Tesla's Mo...
Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month
EV & Electric Cars, News

Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month

Xiaomi EV has once again reported November deliveries exceeding the 40,000-unit mark, marking its third consecutive month of strong performance. This milestone follows a record-breaking October with 48,654 units delivered and September's first-ever surpassing of 40,000 units.Key TakeawaysXiaomi EV has achieved three consecutive months of over 40,000 unit deliveries.The company added 17 new stores in November and plans to open 36 more by the end of December.Xiaomi's first model, the SU7 sedan, was launched on March 28, 2024, positioning it as a direct competitor to Tesla's Model 3.Since its entry into the electric vehicle market in 2024, Xiaomi EV has rapidly expanded its retail footprint. In November alone, the company added 17 new stores across China, bringing their total number of locati...
2025 Budget: EV Owners to Pay Per Mile Tax Starting 2028
News

2025 Budget: EV Owners to Pay Per Mile Tax Starting 2028

The UK government's latest budget announcement is set to shake up the automotive landscape, particularly for electric vehicle (EV) owners. With a new pay-per-mile tax on the horizon, car enthusiasts and drivers alike are left wondering how this will impact their wallets and driving habits.Key TakeawaysEV owners will face an additional 3p per mile levy starting April 2028.The current average annual mileage for EVs is around 8,000 miles, adding £240 annually to the cost of driving.New measures are expected to affect both new and used EV sales immediately despite implementation in 2028.Starting April 2028, EV owners will be hit with a pay-per-mile tax of 3p per mile. This means that for the average annual mileage of 8,000 miles, drivers will see an additional £240 on their yearly expenses. Wh...
Government to Boost EV Grants with £1.3 Billion Investment
EV & Electric Cars, News

Government to Boost EV Grants with £1.3 Billion Investment

The British government is set to inject a massive £1.3 billion into the Electric Car Grant program, ensuring its continuation well beyond the original projections. This move comes after just over two months since the scheme's launch in July when more than 35,000 electric vehicle (EV) drivers have already claimed grants totaling at least £52.5 million.The initial funding of £650 million was supposed to last until March 2029 but is now on track to be exhausted much earlier due to the rapid uptake of EVs. The government’s decision to replenish the fund is not just about extending financial support; it's also seen as a proactive response to upcoming changes in road taxation, which may involve drivers paying per mile driven.While the Electric Car Grant has already provided significant relief fo...