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Surur t1_iwr7tm6 wrote

Reply to comment by ElectrikDonuts in Global Electric Vehicle Sales Up 62% (Overall Auto Sales Down 8%) by ElectrikDonuts

Global car sales have definitely peaked, and this was well before the pandemic.

On top of that the biggest car market is China, and they have gone 30% EV. I would say ICE has definitely peaked, so any company which is not committed to EVs (e.g. Toyota, Stellantis) are going to go bankrupt in the near future.

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oiseauvert989 t1_iwsho6b wrote

Yep that is the real big change here.

Population goes up while sales go down for 5 consecutive years now. Realistically we are never going back to 2017 rates. There is a generational change happening.

Previously many people assumed that China and it's neighbours would as they grew richer eventually follow the Western model but that simply isnt happening. Then in Europe rates are falling rapidly, especially in urban areas.

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wood_orange443 t1_iwwenvk wrote

That’s not a graph of sales

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Surur t1_iwwf0l7 wrote

You understand -ve growth means sales are going down, right?

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