Report: Global EV Sales Fell 14% in July
Worldwide deliveries of electric passenger vehicles plunged 14% to 128,000 units in July, marking the first year-on-year drop in several years, says researcher Sanford C. Bernstein & Co.
The analysis blames the sharp decline, which reversed a 45% year-on-year gain in June, on sagging sales in China and the U.S., Bloomberg News reports.
China’s central government began reducing sales incentives on so-called new-energy vehicles at the end of June. Similar incentives in the U.S. are slowly phasing out for the market’s largest EV sellers: Tesla and General Motors.
Tesla, with about 20,000 worldwide EV sales in July, led the market, followed by China’s BYD Co. with 16,000 units.
Bernstein remains bullish about the long-term prospects of the EV market. Global sales of electrics through the first seven months of 2019 climbed 35%. The firm predicts that full-year sales will expand by 23%-48% to 2.4 million-2.9 million vehicles.
According to Frank Jourdan, president, Chassis & Safety Div., Continental Contitech AG (continental-corporation.com), the high-resolution 3D flash LIDAR (HFL) technology that the company is developing for deployment in automated driving systems in the 2020+ timeframe provides an array of benefits.
While there is a burgeoning proliferation of companies that are in the LiDAR space, each with its own take on utilizing laser pulses to create a precise map of its surroundings for purposes of ADAS or full-blown automation, a Seattle-based company has a distinction that certainly sets it apart from its competitors.
While at the Tokyo Motor Show this week various vehicle manufacturers were showing off all manner of cars and crossovers and transportation devices that typically had to do with something autonomous, connected and/or electrified (ACE, as CAR’s Brett Smith categorizes this burgeoning field), the guys from Chevy were in El Segundo, California, showing off a different take on what can best be described as “toys for boys”—boys who do or don’t have driver’s licenses.