U.S. electric carmaker sales rose in the second quarter, but the road ahead remains bumpy

Gashi Automobile News According to Reuters, sales of electric vehicles in the United States exceeded expectations in the second quarter of this year, but the road ahead for electric vehicle manufacturers is still bumpy.

Photo source: Tesla, on July 2, General Motors, Rivian and Toyota Motor released data showing that their electric vehicle deliveries were relatively optimistic, and Tesla’s deliveries fell less than expected.

Subsequently, the share prices of several of the electric vehicle companies rose.

In the second quarter, General Motors ‘electric vehicle sales in the United States surged 40%.

Marissa West, president of General Motors North America, said in a statement,”As more consumers accept electric vehicles, we can continue to win.

if they are willing to continue to use engine technology, we can continue to win.

” Even Toyota, which relies on hybrid vehicles to drive sales growth, has achieved increased demand for electric vehicles.

According to the company’s plans, it will produce two new electric vehicles for the U.S. market starting in 2026 at plants in Kentucky and Indiana.

Damon Rose, Toyota’s vice president of brand sales, told Reuters,”We will continue to see some positive market demand.

“, a spokesperson for Kia Motors said that although the growth rate may not be as good as a year ago, overall sales of electric vehicles are still growing at a very strong rate.

Rivian, Tesla and Hyundai Motor did not immediately respond to requests for comment.

, However, analysts warned that for the United States, the good performance of electric vehicle sales in the second quarter was not enough to prove that electric vehicle sales are accelerating again.

Sam Fiorani, vice president of research firm AutoForecast Solutions, said,”We expect sales performance to be volatile in the next few years as we shift from early car owners to mainstream consumers, and this will continue to be so for a long time.

Some quarters will increase and some quarters will decline.

But overall, growth will not be as strong as in the past few years.

“, Although Tesla’s second-quarter deliveries also exceeded expectations, Tesla shareholder Matt Britzman, an equity analyst at Hargreaves Lansdown, said,”Now is not the time to announce victory.

Tesla needs to perform well in the second half of the year to catch up with last year’s sales, which is unlikely.

“, In the past few months, Tesla has shifted its focus to artificial intelligence, such as the upcoming self-driving taxi product and the Optimus humanoid robot, in response to the impact of slowing sales of electric vehicles.

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Link to this article: https://evcnd.com/u-s-electric-carmaker-sales-rose-in-the-second-quarter-but-the-road-ahead-remains-bumpy/

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