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Drive has alist of the top selling electric vehicles.
The top 3 sellers accounted for over 2/3 of the total sales.
And the top six sellers were all made in China.
But the interesting thing is the trend over the past three quarters.
Except for the new entrant MG 4, which had a large increase, most of the other players went backwards in the last quarter.
Indeed the top 3 sellers all declined in both Q2 and Q3, and the tesla model 3 has declined in all the last three quarters.
If that trend continues, 2024 will struggle to equal 2023 for sales, much less continue the EV sale momentum.
Mick
The top 3 sellers accounted for over 2/3 of the total sales.
And the top six sellers were all made in China.
But the interesting thing is the trend over the past three quarters.
Except for the new entrant MG 4, which had a large increase, most of the other players went backwards in the last quarter.
Indeed the top 3 sellers all declined in both Q2 and Q3, and the tesla model 3 has declined in all the last three quarters.
If that trend continues, 2024 will struggle to equal 2023 for sales, much less continue the EV sale momentum.
Mick