InsideEVs reports that EV sales in the U.S. are up 62% in the first two months of 2017 with 22,676 units sold compared with 13,984 EVs sold before March in 2016. 41,372 of electric cars were sold worldwide in January 2017 compared to 36,702 in 2016 with an increase of 13%. A lower number here is reflecting the slow start in China with the new rebates system.
There are 32 models of electric cars on sale in the U.S. now with 3 more models coming later this year. In China, there are more than 70 models of electric cars on sale now. You can see what I mean now by The Coming Tide of Electric Cars. Tesla is only starting mass production of the best among the more affordable electric cars - its Model 3 in July of this year!
The top ten EV models by sales in the U.S. for the first two months of 2017:
1. Chevy Volt - 3,431
2. Toyota Prius Prime - 2,728
3. Tesla Model 3 - 2,650
4. Chevy Bolt - 2,114
5. Nissan Leaf - 1,809
6. Tesla Model X - 1,550
7. Ford Fusion Energi - 1,443
8. Ford C-Max Energi - 1,112
9. Audi A3 e-tron - 787
10. BMW i3 - 700
Tesla is outselling all other BEV companies with its Tesla Model 3 and Tesla Model X - the best full electric cars on the market, but the most expensive as well. Chevy Bolt has a slow start and Tesla Model 3 sales will blow everybody else from the water. The question is how much Elon Musk can really deliver and when. Plug-In hybrids will be going out of the picture very soon as a transitional technology with lithium battery cost falling sharply now. The double cost of two powertrains cannot compete anymore.
I expect that worldwide EV sales will have at least 50% rise on top of almost a million EVs sold in 2016 (when all EVs are accounted - like for example in China 351,000 electric cars were sold, but we have to add 150,000 EVs like electric busses and trucks to have the full picture). We are talking about 1,500,000 new EVs being sold in one year! It took us all human history to get to just over 1,000,000 of EVs on the roads by 2016.
Lithium is the magic metal at the very heart of this Energy rEVolution. International Lithium is Lithium Strategic Investments and Royalty Company which is plugged-in the most dynamic EV market in China with partners like Ganfeng Lithium.
Lithium Race: EV Sales In 2016 Should Scare The Oil Industry, But 2017 Could Be A Death Blow If Tesla Can Deliver.
"Brilliant video and analysis from Teslanomics by Ben Sullins. You can find my analysis on far-reaching geopolitical consequences of this Megatrend in the article below and now you can compare the growth of EV sales all over the world. China is leading Lithium Race with 85% rise in electric cars sales in 2016. There were 351,000 electric cars sold, but also 150,000 new electric buses and trucks have hit the road, so the total sales of EVs have surpassed 501,000 in 2016 in China!" Watch the video.
"Maybe you have missed it, but China became the Centre of the Lithium Universe. BYD, the Chinese company backed by Warren Buffett, is the largest EV manufacturer in the world, thus the Chinese companies are producing the largest amount of lithium chemicals for the batteries required to make them. The market is booming and there are currently more than 25 companies making more than 70 models of electric cars in China. Over 500,000 EVs were sold in China last year alone. By comparison, it took GM 7 years to sell 100,000 Chevy Volts since 2009 which was eclipsed by the EV sales by BYD in just the last year!
Still unknown for the mainstream investors, the Chinese companies have taken over supply of the critical commodity powering Energy rEVolution. Lithium is the magic metal at the very heart of China's New Energy Plan. We all are following Tesla with its Gigafactory and the coming tide of electric cars with Tesla Model 3 entering into the mass market production this July. However, there are already more than 70 models of Electric Cars on sale in China. Lithium battery demand is following up the trend and there are Megafactories rising all over China to produce the much-needed lithium batteries with more than $20 Billion dollars in allocated investments.
Demand for batteries is driving lithium market. According to Benchmark Mineral Intelligence, batteries were driving only 22% of the global lithium demand in 2006 but by 2016 this number has jumped to 42%. Now the best electric cars are becoming more affordable and this demand is expected to increase rapidly. Next stage will be coming with the exponential growth of Solar and Wind Energy Generation which is driving the demand for home and utility-scale energy storage systems." Read more.