<
https://electrek.co/2025/11/12/ev-sales-still-have-not-fallen-cooled-slowed-or-slumped-media-is-lying-to-you/>
"EV sales continue to rise, but the last two years of headlines falsely stating
otherwise would leave you thinking they haven’t. After so many lies, it would
be nice for everyone to stop pushing this false narrative that they could find
the truth behind by simply looking up one single number for once.
(This is an update of a previous article which remains largely true today, but
apparently bears restating, since this misinformation remains pervasive)
Here’s what’s actually happening: Over the course of the last two years or so,
sales of battery electric vehicles, while continuing to grow, have posted lower
year-over-year percentage growth rates than they had in years prior. EV sales
used to grow at 50%+ per year, but for the last couple years, they have grown
closer to ~25% per year.
This alone is not particularly remarkable – it is inevitable that any growing
product or category will show slower percentage growth rates as sales rise,
particularly one that has been growing at such a fast rate for so long.
In some recent years, we had even seen year-over-year doublings in EV market
share (though one of those was 2020->2021, which was anomalous). To expect
improvement at that level perpetually would be close to impossible – after 3
years of doubling market share from 2023’s 18% number, EVs would account for
more than 100% of the global automotive market, which cannot happen.
Clearly, growth percentages will need to trend downward as a new product
category grows. It would be impossible for them not to.
To take an extreme example, it would be odd to say that sales are slumping in
Norway, which just set a record at 98.3% BEV market share in September with
14,329 units moved, because BEV sales only went up 14.6% compared to the
previous September’s 96.4% BEV number (incidentally, 2024 YoY sales were up
10%, so sales growth actually is accelerating, but market share growth cannot
at such high percentages).
And yet, this mathematical necessity has been reported time and time again in
media, and by anti-EV political forces, as if EV sales are down, despite that
they continue to rise."
Via Kenny Chaffin.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
