Electric vehicle sales surged in most parts of the world last month

EV's are woke don't you know?

Meanwhile in Norway - 

Of the 2.8m private cars registered in the Nordic country, 754,303 are all-electric, against 753,905 that run on petrol, the Norwegian road federation (OFV) said in a statement. Diesel models remain the most numerous at just under 1m, but their sales are falling rapidly.“This is historic. A milestone few saw coming 10 years ago,” said OFV director Øyvind Solberg Thorsen.“The electrification of the fleet of passenger cars is going quickly, and Norway is thereby rapidly moving towards becoming the first country in the world with a passenger car fleet dominated by electric cars.”

The transition to a BEV future in NZ isn't happening at the rate the mainstream media tells us?

Are they telling you something else? Ideology driven NZ coalition is hell bent on slowing this uptake (and doing a great job) but regardless is going to happen anyway. We will just have some ICe clunkers around our roads for many years to come.

Most 2023 BEV sales happened in december , to beat the end of the rebate. 

Interesting numbers. Seem to recall 3 or 4 years ago when Labour dis-incentivised utes the cheapest BEV then was the Leaf, ~$50k with a slightly more up market one at about $55k. Within 3 months or so after the BEV "subsidy" the bottom range leaf went off the NZ market. The well off jumped in to buy Tesla's. The majority of Kiwis were not in a position to buy a Leaf. No doubt Labour's chardonnay types availed themselves of the Teslas.

I'd wager that part of the reason Tesla has bit the dust in NZ this year is that Kiwis have become lukewarm about Elon Musk - and his noteworthy association with Donald Trump.

TTP

National still need to meet climate commitments, but without electric cars or trains they are not going to get close. Muppets. 

But there will be hickups on the way.

For example the early adopters have adopted.

And now that road user fees (which would have had to come in at some point), will be affecting the net present value calculations.

And as the technology matures and perhaps converges on the most cost effective battery/ motor configurations, the previous cars will be worth even less than they are now.

And of course some manufacturers will go bust. Which will dramatically affect the residual values of their cars and may affect the desire to buy from manufacturers tainted by the ones who have gone bust.

Nissan/Mazda just hanging on... Honda?

They're runout though. Because LDV have probably sold a hundred or so of these, while the country buys 2500 Toyota Hiaces a year.

Commercially they're still half baked. As soon as you add weight, you lose range, and commercially a vehicle that can go 500ks with a 60 second "recharge" is worth way more than one you fuel for less, that's on the road less. The LDV needs to be out of action for 2hrs before it can get the same range (and that's with it being empty). Factor in a driver not doing anything while it's charging (unless you have two edelivers with one always on charge), and it's a very expensive proposition, or only suitable for niche customers, who don't need the extra utility.

Hence, extremely little traction in EVs who's primary role is anything other than moving human bodies about - which is kinda low tier of most of our energy consumption. Most everything else you're doing is dependent on fossil fuels for either materials or transport.

That'll likely change, but it's a fair few years yet, and an LDV edeliver is a paperweight.

That's actually the manufacturers fault.

Concentrating on the wealthy higher end. Most people don't need motorised retractable door handles and a 17" centre console, they want cheap, reliable efficient transport.

The prices of EVs have dropped below what they were 2 years ago, when it had a  government subsidy. Basic economics says we should be selling way more of them, but the good people aren't buying. They can quickly do a cost benefit exercise and discount them as an option.

Unsure on that yet as the govt is a majority shareholder in most of the gentailers, but they would have to take on large amounts of debt to fund the increased generation to support mass adoption, therefore is it really worth it?

That would be fine if we weren’t subsidising ICE either. But the crap coming out the back is killing us, they make a load of noise, and they seriously destroy our balance of payments. Not to mention the destruction of the planet. 

Wrong again John

However, coal's share of China's total generation mix declined to new lows during the opening six months of 2024 as output from clean power sources scaled new highs. Fr

The new technology is moving so fast it’s not holding its value, so I will invest in old technology. I’m not sure that plan will work either. Kind of like buying a Nokia when the iPhone came out because the iPhone would be superseded. 

If the depreciation is as bad as you say it is. Why not buy a 2-year-old electric vehicle and take advantage of that depreciation?

I never even consider the resale of any car I buy, I don't treat them like fashion items, I drive them till they are knackered or till my needs change.  Half the cars I've owned left on a tow truck to the scrapyard, others were given to family members/friends.  Last one was mechanically sound but cosmetically very rough, sold that and it debuts in a new life as a racecar early next year.

You're also forgetting the servicing costs.  So far I'm out a set of tyres and a pair of wiper blades after 55k & 2.5years.

If the depreciation is as bad as you say it is. Why not buy a 2-year-old electric vehicle and take advantage of that depreciation?

Well since some of their new models are just as good as Tesla ( but cheaper) quite far I suspect. It's all about scale.

China set a new record, with 1.3 million units sold in November 2024, which almost entirely came from battery electric vehicle sales (BEV) in that month, and brands including Geely, Tesla, and Changan sold the most.

China foresaw ICE death 10 years ago 

• It is worth noting that, on an international scale, China is projected to generate the highest revenue in the Electric Vehicles market in 2024, with a staggering US$376.4bn.
• This highlights China's dominant position in the global Electric Vehicles market industry.
• China's electric vehicle market is booming, with government subsidies and a strong infrastructure driving rapid adoption

Yer but you won't spend $20k on fuel and maintenance in those 5 years ...

I think you meant sold and you lost $22k

It takes about 30 mins for a 7kW charger to replenish the typical drivers' daily kms.  There are a lot of 30min slots between 9pm and 7am.

One issue with the economics is the expenses are all in slightly more efficient versions of what already exists.

The jump from no roads or rail, to having personal and public transport at a much greater speed and range than a horse, is significant. The added benefit of upgrading rail to electric, or a car, is very marginal.

Global EV sales have been climbing, but that's driven by China, who are still building car ownership from a relatively lower base, and have adopted an aim of leading in EV manufacturing, at an economic loss (which helps drive sales via low prices).