this weekend had an interesting and insightful comment: “Anyone wanting to understand the future car market needs to focus on BEV sales & growth as a percentage of the car market. ICE and hybrid sales today mean nothing … similar to horse sales in the early 1900s vs cars. Fact is most car makers are stagnant or losing market share even as they grow their BEV sales … since they need to grow their BEV sales faster than they lose their ICE and hybrid sales.
Going from 2019 to 2022, the standout change was Tesla’s tremendous growth, rising by more than 321,000 sales a year or 171%. Compared to 2021, things change up a bit. Tesla still saw strong growth — just not as much of course . Cadillac was up decently . And a few other brands were up moderately — GMC was up 7%, Chevrolet was up 6%, and Mercedes was up 6%. Chevrolet and GMC were up the most in volume terms aside from Tesla .
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